AlphaMark Advisors LLC lifted its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 15.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,039 shares of the oil and gas producer’s stock after purchasing an additional 550 shares during the quarter. AlphaMark Advisors LLC’s holdings in Enterprise Products Partners were worth $114,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. raised its position in shares of Enterprise Products Partners by 5.4% during the third quarter. Envestnet Asset Management Inc. now owns 391,556 shares of the oil and gas producer’s stock worth $11,191,000 after acquiring an additional 19,966 shares during the last quarter. Park Avenue Securities LLC bought a new stake in Enterprise Products Partners during the third quarter valued at $354,000. OLD National Bancorp IN boosted its position in Enterprise Products Partners by 0.5% during the third quarter. OLD National Bancorp IN now owns 131,692 shares of the oil and gas producer’s stock valued at $3,763,000 after acquiring an additional 719 shares during the last quarter. CWM LLC grew its holdings in Enterprise Products Partners by 25.6% during the 3rd quarter. CWM LLC now owns 9,055 shares of the oil and gas producer’s stock worth $259,000 after acquiring an additional 1,846 shares during the period. Finally, Albert D Mason Inc. grew its holdings in Enterprise Products Partners by 0.8% during the 3rd quarter. Albert D Mason Inc. now owns 68,421 shares of the oil and gas producer’s stock worth $1,955,000 after acquiring an additional 560 shares during the period. Institutional investors and hedge funds own 36.63% of the company’s stock.
In other Enterprise Products Partners news, CEO Aj Teague acquired 19,700 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were purchased at an average cost of $25.40 per share, with a total value of $500,380.00. Following the completion of the purchase, the chief executive officer now owns 1,765,713 shares of the company’s stock, valued at $44,849,110.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Randa Duncan Williams acquired 240,000 shares of Enterprise Products Partners stock in a transaction dated Monday, December 2nd. The shares were acquired at an average price of $26.00 per share, with a total value of $6,240,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,400,496 shares of company stock valued at $36,894,133. 37.50% of the stock is currently owned by company insiders.
Enterprise Products Partners stock opened at $26.09 on Thursday. The company has a market capitalization of $57.51 billion, a PE ratio of 12.54, a PEG ratio of 3.03 and a beta of 0.89. Enterprise Products Partners L.P. has a 12-month low of $25.04 and a 12-month high of $30.86. The firm’s fifty day moving average is $27.34 and its 200 day moving average is $27.64. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.00.
Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas producer reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04). Enterprise Products Partners had a return on equity of 19.03% and a net margin of 14.00%. The company had revenue of $8.01 billion during the quarter, compared to analyst estimates of $8.58 billion. During the same quarter in the previous year, the business posted $0.59 earnings per share. The company’s revenue for the quarter was down 12.8% compared to the same quarter last year. Sell-side analysts expect that Enterprise Products Partners L.P. will post 2.17 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Friday, January 31st were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date of this dividend was Thursday, January 30th. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.44. Enterprise Products Partners’s dividend payout ratio is 82.79%.
A number of research analysts have recently issued reports on EPD shares. ValuEngine raised Enterprise Products Partners from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Morgan Stanley initiated coverage on Enterprise Products Partners in a research note on Monday, January 6th. They set an “overweight” rating and a $32.00 target price for the company. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $33.88.
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.
