Enterprise Products Partners L.P. $EPD Shares Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 5,743.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,019,056 shares of the oil and gas producer’s stock after purchasing an additional 1,001,616 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Enterprise Products Partners were worth $32,671,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Arete Wealth Advisors LLC raised its stake in Enterprise Products Partners by 1.5% during the 3rd quarter. Arete Wealth Advisors LLC now owns 21,145 shares of the oil and gas producer’s stock worth $661,000 after acquiring an additional 317 shares in the last quarter. ORG Wealth Partners LLC raised its stake in Enterprise Products Partners by 0.5% during the 4th quarter. ORG Wealth Partners LLC now owns 66,266 shares of the oil and gas producer’s stock worth $2,125,000 after acquiring an additional 317 shares in the last quarter. Walker Asset Management LLC raised its stake in Enterprise Products Partners by 1.7% during the 4th quarter. Walker Asset Management LLC now owns 19,678 shares of the oil and gas producer’s stock worth $631,000 after acquiring an additional 326 shares in the last quarter. Mission Wealth Management LP raised its stake in Enterprise Products Partners by 1.0% during the 4th quarter. Mission Wealth Management LP now owns 32,348 shares of the oil and gas producer’s stock worth $1,037,000 after acquiring an additional 328 shares in the last quarter. Finally, Montag A & Associates Inc. raised its stake in Enterprise Products Partners by 5.9% during the 4th quarter. Montag A & Associates Inc. now owns 5,880 shares of the oil and gas producer’s stock worth $189,000 after acquiring an additional 330 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Truist Financial lifted their price target on shares of Enterprise Products Partners from $36.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Wall Street Zen lowered shares of Enterprise Products Partners from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. The Goldman Sachs Group restated a “neutral” rating and issued a $39.00 price objective on shares of Enterprise Products Partners in a research note on Thursday, May 14th. Wells Fargo & Company upgraded shares of Enterprise Products Partners from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $40.00 to $42.00 in a research note on Wednesday, March 25th. Finally, Jefferies Financial Group lifted their price objective on shares of Enterprise Products Partners from $34.00 to $40.00 and gave the company a “hold” rating in a research note on Tuesday, March 31st. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.67.

Insider Buying and Selling at Enterprise Products Partners

In other news, CEO Aj Teague bought 2,665 shares of the stock in a transaction dated Friday, March 20th. The shares were acquired at an average price of $37.55 per share, with a total value of $100,070.75. Following the completion of the acquisition, the chief executive officer directly owned 77,576 shares in the company, valued at approximately $2,912,978.80. The trade was a 3.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.60% of the stock is currently owned by insiders.

Enterprise Products Partners Stock Up 0.2%

Shares of NYSE:EPD opened at $39.48 on Friday. The company has a market cap of $85.34 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.46 and a beta of 0.52. The firm’s 50-day simple moving average is $38.01 and its 200-day simple moving average is $34.98. The company has a quick ratio of 0.61, a current ratio of 0.91 and a debt-to-equity ratio of 1.03. Enterprise Products Partners L.P. has a fifty-two week low of $30.01 and a fifty-two week high of $40.17.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.03). The firm had revenue of $14.39 billion during the quarter, compared to analysts’ expectations of $13.62 billion. Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS. As a group, equities research analysts predict that Enterprise Products Partners L.P. will post 2.95 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.20 annualized dividend and a dividend yield of 5.6%. Enterprise Products Partners’s payout ratio is presently 81.48%.

Enterprise Products Partners Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.