Enterprise Products Partners L.P. $EPD Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its holdings in Enterprise Products Partners L.P. (NYSE:EPDFree Report) by 25.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 157,325 shares of the oil and gas producer’s stock after acquiring an additional 31,672 shares during the quarter. Jones Financial Companies Lllp’s holdings in Enterprise Products Partners were worth $4,975,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EPD. Brighton Jones LLC raised its position in Enterprise Products Partners by 19.9% during the fourth quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock valued at $1,023,000 after acquiring an additional 5,425 shares in the last quarter. Sax Wealth Advisors LLC increased its holdings in shares of Enterprise Products Partners by 6.8% during the 2nd quarter. Sax Wealth Advisors LLC now owns 7,651 shares of the oil and gas producer’s stock valued at $237,000 after purchasing an additional 488 shares in the last quarter. US Bancorp DE lifted its stake in shares of Enterprise Products Partners by 6.7% in the 2nd quarter. US Bancorp DE now owns 717,628 shares of the oil and gas producer’s stock valued at $22,254,000 after purchasing an additional 44,911 shares during the period. Leo Wealth LLC lifted its stake in shares of Enterprise Products Partners by 26.2% in the 2nd quarter. Leo Wealth LLC now owns 25,997 shares of the oil and gas producer’s stock valued at $806,000 after purchasing an additional 5,391 shares during the period. Finally, Blair William & Co. IL boosted its holdings in Enterprise Products Partners by 32.8% during the second quarter. Blair William & Co. IL now owns 1,105,472 shares of the oil and gas producer’s stock worth $34,281,000 after buying an additional 273,223 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners News Roundup

Here are the key news stories impacting Enterprise Products Partners this week:

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EPD. UBS Group reaffirmed a “buy” rating on shares of Enterprise Products Partners in a report on Tuesday, December 16th. Raymond James Financial downgraded Enterprise Products Partners from a “strong-buy” rating to an “outperform” rating and set a $36.00 price target on the stock. in a research report on Monday, January 5th. Scotiabank reissued a “sector perform” rating and issued a $37.00 price target (up previously from $35.00) on shares of Enterprise Products Partners in a research note on Thursday. Morgan Stanley lowered Enterprise Products Partners from an “equal weight” rating to an “underweight” rating and set a $34.00 price target on the stock. in a research note on Thursday, December 18th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $34.00 price target on shares of Enterprise Products Partners in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Enterprise Products Partners currently has an average rating of “Hold” and a consensus target price of $36.00.

Check Out Our Latest Stock Analysis on Enterprise Products Partners

Insider Buying and Selling at Enterprise Products Partners

In related news, Director John R. Rutherford acquired 15,000 shares of Enterprise Products Partners stock in a transaction dated Monday, December 29th. The shares were acquired at an average cost of $32.09 per share, for a total transaction of $481,350.00. Following the completion of the purchase, the director owned 173,586 shares in the company, valued at approximately $5,570,374.74. The trade was a 9.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 32.60% of the company’s stock.

Enterprise Products Partners Price Performance

EPD opened at $34.93 on Friday. The stock’s 50-day moving average price is $32.61 and its 200 day moving average price is $31.87. Enterprise Products Partners L.P. has a 12-month low of $27.77 and a 12-month high of $35.55. The firm has a market cap of $75.56 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 2.47 and a beta of 0.60. The company has a current ratio of 0.88, a quick ratio of 0.60 and a debt-to-equity ratio of 1.04.

Enterprise Products Partners (NYSE:EPDGet Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.43%. The company had revenue of $13.79 billion for the quarter, compared to analyst estimates of $12.44 billion. During the same period in the prior year, the firm earned $0.74 earnings per share. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 6.3%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, January 30th. Enterprise Products Partners’s payout ratio is presently 82.71%.

Enterprise Products Partners announced that its board has authorized a share buyback program on Thursday, October 30th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the oil and gas producer to purchase up to 7.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Enterprise Products Partners Company Profile

(Free Report)

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.

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

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