Enterprise Products Partners L.P. (NYSE:EPD) has recently shown strong growth, with Catalyst Capital Advisors LLC adding 4.6% to its position during the fourth quarter of the last fiscal year, according to the company’s most recent Form 13F filing with the Securities & Exchange Commission. This institutional investor now owns 435,693 shares in the oil and gas producer after purchasing an additional 19,200 shares during the quarter. With this transaction, Catalyst Capital Advisors LLC increased their holdings in Enterprise Products Partners to $10,509,000.
But this is not the only recent news that suggests a promising future for Enterprise Products Partners; CEO Aj Teague purchased a significant amount of stock in a transaction on March 20th of this year. The Chief Executive Officer acquired 11,950 shares at an average price of $25.15 per share resulting in a total transaction worth $300,542.50. As a result of this purchase, Mr.Teague now owns an impressive 2,491,895 shares in the company valued at approximately $62,671,159.25.
This latest purchase by Aj Teague adds to existing evidence that corporate insiders have faith in Enterprise Product Partner’s future potential with 32.60% of its stock currently owned by these insiders.
Despite fluctuating share prices in recent months due to economic uncertainty and global events affecting oil prices around the world business people continue to show their commitment to EPD stocks as they opened at $25.33 on Thursday representing stable growth since last year’s fifty-two week low of $22.90.
In addition to its longstanding success within the oil and gas industry globally-enterprising EPD boasts desirable liquidity averages indicating investment trustworthiness throughout times of market crisis or transition-this coupled with successfully enacted mergers and acquisitions within its history makes it a favorable choice among investors worldwide.
With all considered it is not surprising that Enterprise Products Partners L.P. remains an attractive investment option for those exploring financial opportunities within the oil and gas sector.
EPD
Updated on: 02/06/2023
Recent Changes in Institutional Investor Holdings and Analyst Ratings for Enterprise Products Partners
Enterprise Products Partners, a leading oil and gas producer in the United States, has recently seen changes to its institutional investor holdings. Commonwealth Equity Services, LLC increased its shares in EPD by 2.0% during Q4 of 2016, amounting to a total value of $22,434,000. Other institutional investors that made changes include Benjamin F. Edwards & Company Inc., Fiduciary Group LLC, Keystone Financial Group and Bleakley Financial Group LLC.
In recent reports from analysts, Morgan Stanley lifted EPD’s price target from $31.00 to $33.00 on April 25th while Scotiabank gave it a “sector outperform” rating with a $31.00 price objective on March 2nd. As reported by Bloomberg.com, the company has an average rating of “Moderate Buy” and an average price target of $31.00.
Enterprise Products Partners CEO Aj Teague purchased 11,950 shares in March at an average cost of $25.15 per share for a total transaction value of $300,542.50 dollars; following this acquisition Teague now holds over 2 million shares worth approximately $62 million dollars.
On May 2nd Enterprise Products Partners announced solid quarterly earnings results with revenues of $12.44 billion against the consensus estimate of $13.75 billion which resulted in a small drop in year-over-year-revenue.
Furthermore,EPR paid investors with record dates on April 28th a dividend worth $0.49 per share on May 12th thus bringing the annualized dividend payout ratio (DPR) to 77.17%.
