Enterprise Products Partners L.P. (NYSE:EPD) Stock Position Raised by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its position in Enterprise Products Partners L.P. (NYSE:EPDGet Rating) by 12.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 462,938 shares of the oil and gas producer’s stock after acquiring an additional 50,951 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Enterprise Products Partners were worth $11,282,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in EPD. Mark Sheptoff Financial Planning LLC lifted its position in shares of Enterprise Products Partners by 64.5% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,020 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 400 shares in the last quarter. Zullo Investment Group Inc. lifted its position in shares of Enterprise Products Partners by 133.1% in the 1st quarter. Zullo Investment Group Inc. now owns 1,000 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 571 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Enterprise Products Partners in the 1st quarter valued at approximately $26,000. Fairfield Bush & CO. purchased a new stake in shares of Enterprise Products Partners in the 1st quarter valued at approximately $31,000. Finally, Nauset Wealth Management. LLC purchased a new stake in shares of Enterprise Products Partners in the 1st quarter valued at approximately $32,000. Hedge funds and other institutional investors own 27.29% of the company’s stock.

Enterprise Products Partners Stock Performance

Shares of EPD opened at $24.92 on Friday. The company’s fifty day moving average is $26.30 and its 200-day moving average is $26.00. Enterprise Products Partners L.P. has a 12 month low of $20.42 and a 12 month high of $28.65. The firm has a market cap of $54.31 billion, a price-to-earnings ratio of 11.23 and a beta of 1.15. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 1.00.

Enterprise Products Partners (NYSE:EPDGet Rating) last posted its earnings results on Wednesday, August 3rd. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Enterprise Products Partners had a net margin of 9.54% and a return on equity of 18.97%. The business had revenue of $16.06 billion for the quarter, compared to analyst estimates of $11.96 billion. During the same period last year, the business posted $0.51 EPS. Enterprise Products Partners’s revenue was up 69.9% compared to the same quarter last year. Equities analysts expect that Enterprise Products Partners L.P. will post 2.52 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were paid a $0.475 dividend. The ex-dividend date was Thursday, July 28th. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.47. This represents a $1.90 dividend on an annualized basis and a yield of 7.62%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 85.59%.

Insider Activity at Enterprise Products Partners

In other news, Director John R. Rutherford bought 6,500 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were acquired at an average cost of $25.78 per share, for a total transaction of $167,570.00. Following the purchase, the director now owns 113,941 shares of the company’s stock, valued at approximately $2,937,398.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 37.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EPD shares. TD Securities upped their price objective on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Raymond James upped their price objective on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 4th. US Capital Advisors reiterated a “buy” rating on shares of Enterprise Products Partners in a research note on Wednesday, June 1st. Finally, UBS Group upped their price objective on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, July 8th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Enterprise Products Partners presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Enterprise Products Partners Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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