J.W. Cole Advisors Inc. Boosts Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

J.W. Cole Advisors Inc. raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPDGet Rating) by 7.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,577 shares of the oil and gas producer’s stock after purchasing an additional 2,257 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Enterprise Products Partners were worth $867,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC grew its stake in Enterprise Products Partners by 38.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,429 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its stake in Enterprise Products Partners by 64.5% during 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 purchasing an additional 400 shares during the last quarter. Activest Wealth Management lifted its holdings in shares of Enterprise Products Partners by 29.3% in the 1st quarter. Activest Wealth Management now owns 1,802 shares of the oil and gas producer’s stock valued at $47,000 after buying an additional 408 shares during the period. Addison Capital Co lifted its holdings in shares of Enterprise Products Partners by 2.6% in the 1st quarter. Addison Capital Co now owns 17,573 shares of the oil and gas producer’s stock valued at $454,000 after buying an additional 438 shares during the period. Finally, Legacy Advisors LLC lifted its holdings in shares of Enterprise Products Partners by 1.3% in the 1st quarter. Legacy Advisors LLC now owns 36,541 shares of the oil and gas producer’s stock valued at $943,000 after buying an additional 452 shares during the period. Hedge funds and other institutional investors own 27.29% of the company’s stock.

Enterprise Products Partners Stock Performance

NYSE EPD opened at $25.80 on Friday. The stock has a market capitalization of $56.22 billion, a price-to-earnings ratio of 11.62 and a beta of 1.15. Enterprise Products Partners L.P. has a twelve month low of $20.42 and a twelve month high of $28.65. 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 stock has a 50-day moving average of $26.24 and a 200 day moving average of $25.99.

Enterprise Products Partners (NYSE:EPDGet Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The oil and gas producer reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. Enterprise Products Partners had a return on equity of 18.97% and a net margin of 9.54%. The company had revenue of $16.06 billion during the quarter, compared to analyst estimates of $11.96 billion. During the same period in the previous year, the business earned $0.51 EPS. Enterprise Products Partners’s quarterly revenue was up 69.9% on a year-over-year basis. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were paid a dividend of $0.475 per share. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.47. This represents a $1.90 annualized dividend and a yield of 7.36%. The ex-dividend date was Thursday, July 28th. Enterprise Products Partners’s payout ratio is 85.59%.

Wall Street Analyst Weigh In

EPD has been the subject of several analyst reports. UBS Group boosted their price objective on Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, July 8th. TD Securities boosted their price objective on Enterprise Products Partners from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Raymond James boosted their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “strong-buy” rating in a report on Thursday, August 4th. Finally, US Capital Advisors reissued a “buy” rating on shares of Enterprise Products Partners in a report on Wednesday, June 1st. Three equities research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Insiders Place Their Bets

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

Enterprise Products Partners 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.

Further Reading

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

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