Fort Washington Investment Advisors Inc. OH boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPD – Get Rating) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 160,712 shares of the oil and gas producer’s stock after acquiring an additional 8,600 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Enterprise Products Partners were worth $3,876,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Bray Capital Advisors increased its stake in Enterprise Products Partners by 333.3% in the 3rd quarter. Bray Capital Advisors now owns 1,300 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 1,000 shares during the last quarter. Fairfield Bush & CO. bought a new position in Enterprise Products Partners in the 1st quarter worth about $31,000. Ameliora Wealth Management Ltd. bought a new position in Enterprise Products Partners in the 3rd quarter worth about $32,000. McIlrath & Eck LLC increased its stake in Enterprise Products Partners by 86.4% in the 3rd quarter. McIlrath & Eck LLC now owns 1,400 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 649 shares during the last quarter. Finally, RFP Financial Group LLC bought a new position in Enterprise Products Partners in the 4th quarter worth about $34,000. 26.54% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Scotiabank assumed coverage on Enterprise Products Partners in a research report on Thursday, March 2nd. They set a “sector outperform” rating and a $31.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Enterprise Products Partners from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, March 9th. Mizuho reiterated a “buy” rating and set a $32.00 price objective on shares of Enterprise Products Partners in a research report on Thursday, March 30th. Wolfe Research upgraded Enterprise Products Partners from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research report on Monday, January 9th. Finally, StockNews.com assumed coverage on Enterprise Products Partners in a research report on Thursday, March 16th. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.83.
Enterprise Products Partners Price Performance
EPD opened at $26.67 on Wednesday. The stock’s 50 day simple moving average is $25.86 and its 200 day simple moving average is $25.15. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.86 and a quick ratio of 0.66. Enterprise Products Partners L.P. has a 1 year low of $22.90 and a 1 year high of $28.65. The firm has a market cap of $57.90 billion, a price-to-earnings ratio of 10.67 and a beta of 1.09.
Enterprise Products Partners (NYSE:EPD – Get Rating) last released its quarterly earnings data on Wednesday, February 1st. The oil and gas producer reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.05. Enterprise Products Partners had a return on equity of 20.38% and a net margin of 9.43%. The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $14.74 billion. During the same quarter last year, the business posted $0.52 EPS. The business’s revenue was up 20.1% on a year-over-year basis. As a group, analysts predict that Enterprise Products Partners L.P. will post 2.5 earnings per share for the current year.
Enterprise Products Partners Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Friday, April 28th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 7.35%. The ex-dividend date of this dividend is Thursday, April 27th. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 78.40%.
Insiders Place Their Bets
In other Enterprise Products Partners news, CEO Aj Teague acquired 11,950 shares of the company’s stock in a transaction on Monday, March 20th. The stock was acquired at an average price of $25.15 per share, for a total transaction of $300,542.50. Following the acquisition, the chief executive officer now owns 2,491,895 shares in the company, valued at approximately $62,671,159.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 32.60% of the company’s stock.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Enterprise Products Partners, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Enterprise Products Partners wasn’t on the list.
While Enterprise Products Partners currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
