Cetera Investment Advisers Acquires 10,103 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Cetera Investment Advisers boosted its position in Enterprise Products Partners L.P. (NYSE:EPDGet Rating) by 5.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 195,176 shares of the oil and gas producer’s stock after purchasing an additional 10,103 shares during the period. Cetera Investment Advisers’ holdings in Enterprise Products Partners were worth $5,038,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EPD. Mark Sheptoff Financial Planning LLC grew its position in 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 worth $26,000 after purchasing an additional 400 shares in the last quarter. Fairfield Bush & CO. bought a new stake in Enterprise Products Partners in the 1st quarter worth about $31,000. Nauset Wealth Management. LLC bought a new stake in Enterprise Products Partners in the 1st quarter worth about $32,000. Herold Advisors Inc. bought a new stake in Enterprise Products Partners in the 1st quarter worth about $34,000. Finally, Godsey & Gibb Associates bought a new stake in Enterprise Products Partners in the 4th quarter worth about $36,000. 27.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director John R. Rutherford bought 6,500 shares of the stock in a transaction 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 directly owns 113,941 shares of the company’s stock, valued at approximately $2,937,398.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Carin Marcy Barth acquired 19,050 shares of the business’s stock in a transaction dated Friday, June 24th. The stock was purchased at an average cost of $23.64 per share, for a total transaction of $450,342.00. Following the acquisition, the director now owns 19,050 shares of the company’s stock, valued at $450,342. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John R. Rutherford acquired 6,500 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was purchased at an average price of $25.78 per share, with a total value of $167,570.00. Following the completion of the acquisition, the director now directly owns 113,941 shares in the company, valued at approximately $2,937,398.98. The disclosure for this purchase can be found here. Corporate insiders own 37.50% of the company’s stock.

Enterprise Products Partners Stock Performance

Shares of EPD stock opened at $26.53 on Friday. The stock has a market capitalization of $57.82 billion, a P/E ratio of 11.95 and a beta of 1.15. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 1.00. The firm’s 50 day moving average is $25.99 and its 200 day moving average is $25.88. Enterprise Products Partners L.P. has a 12 month low of $20.42 and a 12 month high of $28.65.

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, topping the consensus estimate 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 analysts’ expectations of $11.96 billion. During the same period in the prior year, the company posted $0.51 EPS. The business’s revenue for the quarter was up 69.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.52 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were paid a $0.475 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.47. This represents a $1.90 annualized dividend and a yield of 7.16%. Enterprise Products Partners’s dividend payout ratio is currently 85.59%.

Wall Street Analyst Weigh In

EPD has been the topic of a number of research analyst reports. UBS Group boosted their target price 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. Raymond James boosted their target price 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. TD Securities boosted their target price 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. Finally, US Capital Advisors reiterated a “buy” rating on shares of Enterprise Products Partners in a research note on Wednesday, June 1st. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Enterprise Products Partners presently has a consensus rating of “Moderate Buy” and an average price target 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.

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

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