Brown Advisory Inc. lifted its position in Enterprise Products Partners L.P. (NYSE:EPD – Free Report) by 5.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,802 shares of the oil and gas producer’s stock after acquiring an additional 9,357 shares during the period. Brown Advisory Inc.’s holdings in Enterprise Products Partners were worth $4,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in EPD. Heritage Wealth Management LLC acquired a new stake in Enterprise Products Partners in the 4th quarter valued at about $25,000. Ellevest Inc. acquired a new stake in shares of Enterprise Products Partners in the first quarter valued at approximately $25,000. Fairfield Bush & CO. acquired a new stake in shares of Enterprise Products Partners in the first quarter valued at approximately $31,000. General Partner Inc. purchased a new position in Enterprise Products Partners during the first quarter worth approximately $33,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Enterprise Products Partners in the fourth quarter valued at about $34,000. 26.54% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Morgan Stanley reissued an “equal weight” rating and set a $33.00 price objective on shares of Enterprise Products Partners in a research report on Thursday, July 20th. Mizuho boosted their price target on shares of Enterprise Products Partners from $32.00 to $33.00 in a research note on Wednesday, July 19th. Barclays upped their target price on shares of Enterprise Products Partners from $29.00 to $30.00 in a research note on Tuesday, April 18th. TD Securities decreased their price target on Enterprise Products Partners from $32.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, August 2nd. Finally, StockNews.com started coverage on shares of Enterprise Products Partners in a research report on Thursday, May 18th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.70.
Insider Transactions at Enterprise Products Partners
In other Enterprise Products Partners news, Director William C. Montgomery purchased 50,000 shares of the stock in a transaction dated Friday, August 4th. The shares were bought at an average cost of $26.60 per share, with a total value of $1,330,000.00. Following the completion of the acquisition, the director now owns 114,758 shares of the company’s stock, valued at $3,052,562.80. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 32.60% of the company’s stock.
Enterprise Products Partners Trading Up 0.6 %
NYSE:EPD opened at $26.80 on Monday. The business’s 50-day moving average is $26.46 and its two-hundred day moving average is $26.14. The firm has a market capitalization of $58.20 billion, a PE ratio of 10.85 and a beta of 1.08. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.91 and a quick ratio of 0.72. Enterprise Products Partners L.P. has a 12 month low of $22.90 and a 12 month high of $27.36.
Enterprise Products Partners (NYSE:EPD – Get Free Report) last announced its earnings results on Tuesday, August 1st. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). Enterprise Products Partners had a net margin of 10.39% and a return on equity of 19.71%. The business had revenue of $10.65 billion during the quarter, compared to analyst estimates of $12.34 billion. During the same period in the previous year, the company earned $0.64 earnings per share. The business’s revenue for the quarter was down 33.7% on a year-over-year basis. Research analysts predict that Enterprise Products Partners L.P. will post 2.52 earnings per share for the current fiscal year.
Enterprise Products Partners Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $2.00 dividend on an annualized basis and a yield of 7.46%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.49. Enterprise Products Partners’s payout ratio is currently 80.97%.
Enterprise Products Partners Company Profile
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
Read More
- Five stocks we like better than Enterprise Products Partners
- Investing in Construction Stocks
- MarketBeat Week in Review – 8/7 – 8/11
- How to Use the MarketBeat Stock Split Calculator
- 3 Retailers To Watch Closely Next Week
- The 3 Best Fintech Stocks to Buy Now
- Investing in Coffee: 3 Great Strategies to Consider
Receive News & Ratings for Enterprise Products Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners and related companies with MarketBeat.com's FREE daily email newsletter.
