Enterprise Products Partners L.P. $EPD Shares Bought by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC raised its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 12.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 9,224 shares of the oil and gas producer’s stock after purchasing an additional 1,000 shares during the period. ARS Wealth Advisors Group LLC’s holdings in Enterprise Products Partners were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Strategic Advisors LLC boosted its stake in Enterprise Products Partners by 3.5% in the first quarter. Strategic Advisors LLC now owns 9,985 shares of the oil and gas producer’s stock valued at $341,000 after acquiring an additional 337 shares in the last quarter. Per Stirling Capital Management LLC. boosted its stake in shares of Enterprise Products Partners by 1.5% during the first quarter. Per Stirling Capital Management LLC. now owns 23,556 shares of the oil and gas producer’s stock worth $804,000 after buying an additional 339 shares during the period. Keystone Wealth Services LLC boosted its stake in shares of Enterprise Products Partners by 2.6% during the first quarter. Keystone Wealth Services LLC now owns 13,937 shares of the oil and gas producer’s stock worth $476,000 after buying an additional 349 shares during the period. Duncan Williams Asset Management LLC boosted its stake in shares of Enterprise Products Partners by 4.5% during the first quarter. Duncan Williams Asset Management LLC now owns 8,207 shares of the oil and gas producer’s stock worth $280,000 after buying an additional 357 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Enterprise Products Partners by 1.2% during the first quarter. Russell Investments Group Ltd. now owns 32,403 shares of the oil and gas producer’s stock worth $1,106,000 after buying an additional 372 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Trading Down 0.7%

Shares of Enterprise Products Partners stock opened at $31.84 on Friday. Enterprise Products Partners L.P. has a 12-month low of $27.77 and a 12-month high of $34.63. The company has a current ratio of 0.96, a quick ratio of 0.69 and a debt-to-equity ratio of 1.04. The stock has a market cap of $68.94 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 2.01 and a beta of 0.69. The company has a 50-day moving average of $31.57 and a two-hundred day moving average of $31.63.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Enterprise Products Partners had a net margin of 10.71% and a return on equity of 19.81%. The company had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $15.24 billion. During the same period last year, the business posted $0.64 earnings per share. The company’s quarterly revenue was down 15.7% on a year-over-year basis. On average, research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.545 per share. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 6.8%. Enterprise Products Partners’s dividend payout ratio is 81.04%.

Insider Buying and Selling

In other Enterprise Products Partners news, Director John R. Rutherford acquired 15,000 shares of the company’s stock in a transaction dated Tuesday, July 29th. The stock was acquired at an average cost of $31.35 per share, with a total value of $470,250.00. Following the purchase, 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 acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director William C. Montgomery acquired 16,000 shares of the company’s stock in a transaction dated Wednesday, July 30th. The shares were acquired at an average cost of $31.55 per share, with a total value of $504,800.00. Following the completion of the purchase, the director owned 136,920 shares in the company, valued at approximately $4,319,826. This represents a 13.23% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 32.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on EPD shares. TD Cowen started coverage on shares of Enterprise Products Partners in a research note on Monday, July 7th. They set a “hold” rating and a $33.00 target price for the company. Scotiabank increased their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Thursday, June 5th. Mizuho set a $38.00 price target on shares of Enterprise Products Partners and gave the stock an “outperform” rating in a report on Friday, July 11th. Barclays cut their price target on shares of Enterprise Products Partners from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, July 2nd. Finally, Stifel Nicolaus cut their price target on shares of Enterprise Products Partners from $36.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.83.

Enterprise Products Partners 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.