Enterprise Products Partners L.P. (NYSE:EPD) CEO Buys $498,853.00 in Stock

Enterprise Products Partners L.P. (NYSE:EPD) CEO Aj Teague purchased 23,300 shares of the company’s stock in a transaction dated Monday, September 20th. The shares were acquired at an average price of $21.41 per share, for a total transaction of $498,853.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NYSE:EPD traded down $0.57 during trading hours on Monday, reaching $21.43. The company had a trading volume of 10,023,282 shares, compared to its average volume of 6,720,710. Enterprise Products Partners L.P. has a 1-year low of $14.90 and a 1-year high of $25.69. The firm has a market cap of $46.83 billion, a PE ratio of 12.64 and a beta of 1.40. The business’s 50 day moving average price is $22.70 and its 200-day moving average price is $23.24. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.98 and a quick ratio of 0.66.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Wednesday, July 28th. The oil and gas producer reported $0.50 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.50. Enterprise Products Partners had a return on equity of 18.26% and a net margin of 11.80%. The company had revenue of $9.45 billion during the quarter, compared to the consensus estimate of $7.79 billion. During the same period in the previous year, the company posted $0.47 earnings per share. On average, analysts expect that Enterprise Products Partners L.P. will post 2.21 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 12th. Shareholders of record on Friday, July 30th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date was Thursday, July 29th. Enterprise Products Partners’s payout ratio is presently 85.31%.

A number of brokerages have recently weighed in on EPD. Raymond James boosted their price target on Enterprise Products Partners from $26.00 to $28.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 21st. Morgan Stanley dropped their price target on Enterprise Products Partners from $33.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, August 26th. Finally, Wells Fargo & Company boosted their price target on Enterprise Products Partners from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, June 24th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $26.20.

Large investors have recently made changes to their positions in the business. Disciplined Investments LLC acquired a new position in Enterprise Products Partners in the second quarter valued at approximately $25,000. First Command Bank raised its stake in shares of Enterprise Products Partners by 84.5% during the 2nd quarter. First Command Bank now owns 1,107 shares of the oil and gas producer’s stock worth $27,000 after buying an additional 507 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of Enterprise Products Partners during the 2nd quarter worth approximately $29,000. FFT Wealth Management LLC acquired a new position in shares of Enterprise Products Partners during the 2nd quarter worth approximately $30,000. Finally, Eubel Brady & Suttman Asset Management Inc. acquired a new position in shares of Enterprise Products Partners during the 2nd quarter worth approximately $32,000. 28.80% of the stock is owned by institutional investors.

About Enterprise Products Partners

Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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