Duncan Williams Asset Management LLC Grows Stake in Enterprise Products Partners L.P. $EPD

Duncan Williams Asset Management LLC raised its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,814 shares of the oil and gas producer’s stock after purchasing an additional 607 shares during the period. Duncan Williams Asset Management LLC’s holdings in Enterprise Products Partners were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC increased its position in shares of Enterprise Products Partners by 19.9% during the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock valued at $1,023,000 after purchasing an additional 5,425 shares during the last quarter. GAMMA Investing LLC boosted its stake in Enterprise Products Partners by 3,314.0% during the first quarter. GAMMA Investing LLC now owns 17,070 shares of the oil and gas producer’s stock worth $583,000 after buying an additional 16,570 shares during the period. LexAurum Advisors LLC increased its position in Enterprise Products Partners by 4.7% during the first quarter. LexAurum Advisors LLC now owns 8,899 shares of the oil and gas producer’s stock valued at $304,000 after acquiring an additional 402 shares during the last quarter. Bank of New Hampshire raised its stake in shares of Enterprise Products Partners by 4.9% in the first quarter. Bank of New Hampshire now owns 12,825 shares of the oil and gas producer’s stock valued at $438,000 after acquiring an additional 602 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in shares of Enterprise Products Partners by 9.5% in the 1st quarter. Park Avenue Securities LLC now owns 34,236 shares of the oil and gas producer’s stock worth $1,169,000 after acquiring an additional 2,969 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EPD shares. Stifel Nicolaus reduced their price objective on shares of Enterprise Products Partners from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, July 29th. TD Cowen started coverage on Enterprise Products Partners in a report on Monday, July 7th. They issued a “hold” rating and a $33.00 price target on the stock. Mizuho set a $38.00 price target on Enterprise Products Partners and gave the stock an “outperform” rating in a research note on Friday, July 11th. Morgan Stanley cut their price objective on Enterprise Products Partners from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 26th. Finally, Barclays reduced their target price on Enterprise Products Partners from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.75.

Insider Transactions at Enterprise Products Partners

In other Enterprise Products Partners news, Director William C. Montgomery bought 16,000 shares of the company’s stock in a transaction on Wednesday, July 30th. The shares were bought at an average cost of $31.55 per share, for a total transaction of $504,800.00. Following the acquisition, the director directly owned 136,920 shares in the company, valued at approximately $4,319,826. The trade was a 13.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John R. Rutherford bought 15,000 shares of the business’s stock in a transaction on Tuesday, July 29th. The shares were acquired at an average cost of $31.35 per share, for a total transaction of $470,250.00. Following the transaction, the director directly owned 158,586 shares in the company, valued at approximately $4,971,671.10. This trade represents a 10.45% increase in their position. The disclosure for this purchase can be found here. 32.60% of the stock is owned by corporate insiders.

Enterprise Products Partners Stock Down 0.4%

Shares of NYSE:EPD opened at $31.52 on Tuesday. The business’s 50 day moving average is $31.57 and its 200 day moving average is $31.43. The stock has a market cap of $68.25 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 2.25 and a beta of 0.64. Enterprise Products Partners L.P. has a 52-week low of $27.77 and a 52-week high of $34.63. The company has a quick ratio of 0.69, a current ratio of 0.96 and a debt-to-equity ratio of 1.04.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Monday, July 28th. The oil and gas producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). Enterprise Products Partners had a return on equity of 19.81% and a net margin of 10.71%.The firm had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $15.24 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. Enterprise Products Partners’s quarterly revenue was down 15.7% compared to the same quarter last year. Sell-side analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.