Chilton Capital Management LLC lifted its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,224 shares of the oil and gas producer’s stock after buying an additional 1,725 shares during the quarter. Chilton Capital Management LLC’s holdings in Enterprise Products Partners were worth $6,242,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in EPD. Mcmillion Capital Management Inc. purchased a new stake in Enterprise Products Partners during the 2nd quarter valued at about $29,000. Centersquare Investment Management LLC bought a new position in shares of Enterprise Products Partners in the 2nd quarter worth approximately $34,000. TRUE Private Wealth Advisors bought a new position in shares of Enterprise Products Partners in the 2nd quarter worth approximately $41,000. Knuff & Co LLC bought a new position in shares of Enterprise Products Partners in the 1st quarter worth approximately $42,000. Finally, TCG Advisors LP bought a new position in shares of Enterprise Products Partners in the 1st quarter worth approximately $44,000. 37.23% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Murray E. Brasseux bought 5,000 shares of Enterprise Products Partners stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $30.00 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the director now owns 17,885 shares of the company’s stock, valued at approximately $536,550. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 37.50% of the company’s stock.
EPD has been the topic of several recent research reports. Zacks Investment Research cut shares of Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research note on Monday, August 26th. Scotiabank began coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 target price on the stock. Royal Bank of Canada began coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 target price on the stock. Johnson Rice began coverage on shares of Enterprise Products Partners in a research note on Thursday, May 30th. They set a “buy” rating and a $35.00 target price on the stock. Finally, Stifel Nicolaus raised their target price on shares of Enterprise Products Partners from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Enterprise Products Partners currently has an average rating of “Buy” and a consensus target price of $33.71.
NYSE EPD traded down $0.19 on Thursday, hitting $28.72. 35,462 shares of the stock were exchanged, compared to its average volume of 3,908,085. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.75 and a current ratio of 1.00. The stock has a fifty day moving average price of $28.84 and a two-hundred day moving average price of $28.89. The firm has a market capitalization of $63.22 billion, a P/E ratio of 14.83, a P/E/G ratio of 3.30 and a beta of 0.87. Enterprise Products Partners L.P. has a 52-week low of $23.33 and a 52-week high of $30.86.
Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. The firm had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $8.57 billion. Enterprise Products Partners had a return on equity of 20.02% and a net margin of 14.26%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. Sell-side analysts expect that Enterprise Products Partners L.P. will post 2.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued a $0.44 dividend. The ex-dividend date of this dividend was Tuesday, July 30th. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.44. This represents a $1.76 dividend on an annualized basis and a yield of 6.13%. Enterprise Products Partners’s payout ratio is currently 90.72%.
About Enterprise Products Partners
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.
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