Lincoln National Corp Acquires 1,073 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Lincoln National Corp boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPDFree Report) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,767 shares of the oil and gas producer’s stock after buying an additional 1,073 shares during the quarter. Lincoln National Corp’s holdings in Enterprise Products Partners were worth $2,911,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Accordant Advisory Group Inc purchased a new stake in shares of Enterprise Products Partners during the 1st quarter worth approximately $26,000. Burkett Financial Services LLC purchased a new stake in Enterprise Products Partners in the fourth quarter worth $28,000. Stephens Consulting LLC bought a new stake in shares of Enterprise Products Partners in the first quarter valued at $29,000. Palisade Asset Management LLC bought a new stake in shares of Enterprise Products Partners in the first quarter valued at $29,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of Enterprise Products Partners during the 3rd quarter worth $48,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Mizuho reaffirmed a “buy” rating and set a $34.00 price objective on shares of Enterprise Products Partners in a report on Thursday, April 4th. Morgan Stanley cut their price objective on shares of Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, June 10th. Barclays boosted their target price on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, March 26th. Scotiabank raised their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 4th. Finally, StockNews.com upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 4th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Enterprise Products Partners currently has an average rating of “Buy” and a consensus target price of $32.77.

Get Our Latest Stock Report on EPD

Enterprise Products Partners Stock Up 0.4 %

EPD stock opened at $29.14 on Tuesday. The company’s 50 day moving average is $28.53 and its 200 day moving average is $28.02. The stock has a market cap of $63.28 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 1.35 and a beta of 1.04. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.99. Enterprise Products Partners L.P. has a 1-year low of $25.61 and a 1-year high of $29.99.

Enterprise Products Partners (NYSE:EPDGet Free Report) last released its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The business had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $13.82 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The firm’s revenue was up 18.6% on a year-over-year basis. Sell-side analysts predict that Enterprise Products Partners L.P. will post 2.72 EPS for the current fiscal year.

Enterprise Products Partners Company Profile

(Free Report)

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. It operates in 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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