Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by Guggenheim Capital LLC

Guggenheim Capital LLC raised its holdings in Enterprise Products Partners L.P. (NYSE:EPD – Get Rating) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,638 shares of the oil and gas producer’s stock after acquiring an additional 636 shares during the quarter. Guggenheim Capital LLC’s holdings in Enterprise Products Partners were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new stake in Enterprise Products Partners in the 1st quarter valued at about $31,000. Ameliora Wealth Management Ltd. acquired a new stake in Enterprise Products Partners during the 3rd quarter worth about $32,000. McIlrath & Eck LLC raised its holdings in Enterprise Products Partners by 86.4% during the 3rd quarter. McIlrath & Eck LLC now owns 1,400 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 649 shares during the period. Wagner Wealth Management LLC acquired a new stake in Enterprise Products Partners during the 2nd quarter worth about $37,000. Finally, Kistler Tiffany Companies LLC raised its holdings in Enterprise Products Partners by 43.1% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 1,670 shares of the oil and gas producer’s stock worth $40,000 after buying an additional 503 shares during the period. 26.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Aj Teague bought 21,150 shares of the firm’s stock in a transaction on Tuesday, December 20th. The stock was purchased at an average price of $23.60 per share, with a total value of $499,140.00. Following the completion of the transaction, the chief executive officer now directly owns 2,335,225 shares of the company’s stock, valued at $55,111,310. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Enterprise Products Partners news, Director Carin Marcy Barth acquired 5,000 shares of Enterprise Products Partners stock in a transaction dated Tuesday, December 27th. The stock was bought at an average cost of $23.99 per share, with a total value of $119,950.00. Following the completion of the transaction, the director now owns 75,776 shares of the company’s stock, valued at $1,817,866.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aj Teague acquired 21,150 shares of Enterprise Products Partners stock in a transaction dated Tuesday, December 20th. The stock was acquired at an average cost of $23.60 per share, with a total value of $499,140.00. Following the completion of the transaction, the chief executive officer now directly owns 2,335,225 shares of the company’s stock, valued at approximately $55,111,310. The disclosure for this purchase can be found here. Insiders purchased 29,800 shares of company stock valued at $707,019 over the last 90 days. 32.60% of the stock is currently owned by company insiders.

Enterprise Products Partners Trading Down 0.8 %

Shares of NYSE EPD opened at $25.60 on Monday. The stock has a market cap of $55.57 billion, a price-to-earnings ratio of 10.24 and a beta of 1.10. The business has a 50 day simple moving average of $25.78 and a 200 day simple moving average of $25.23. Enterprise Products Partners L.P. has a 52 week low of $22.90 and a 52 week high of $28.65. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.66 and a current ratio of 0.86.

Enterprise Products Partners (NYSE:EPD – Get Rating) last announced its quarterly earnings results on Wednesday, February 1st. The oil and gas producer reported $0.65 EPS for the quarter, beating the consensus estimate of $0.60 by $0.05. The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $14.74 billion. Enterprise Products Partners had a return on equity of 20.38% and a net margin of 9.43%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. On average, research analysts predict that Enterprise Products Partners L.P. will post 2.5 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st were given a dividend of $0.49 per share. The ex-dividend date was Monday, January 30th. This represents a $1.96 dividend on an annualized basis and a yield of 7.66%. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.48. Enterprise Products Partners’s dividend payout ratio is presently 78.40%.

Analyst Ratings Changes

EPD has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Enterprise Products Partners from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup initiated coverage on Enterprise Products Partners in a report on Thursday, December 8th. They set a “buy” rating and a $31.00 price objective on the stock. Scotiabank assumed coverage on Enterprise Products Partners in a report on Thursday, March 2nd. They set a “sector outperform” rating and a $31.00 price objective on the stock. Wolfe Research upgraded Enterprise Products Partners from a “peer perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a report on Monday, January 9th. Finally, TD Securities upped their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Enterprise Products Partners currently has an average rating of “Moderate Buy” and an average price target of $30.83.

Enterprise Products Partners Profile

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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.