Ameritas Advisory Services LLC Purchases 20,030 Shares of Enterprise Products Partners L.P. $EPD

Ameritas Advisory Services LLC grew its position in Enterprise Products Partners L.P. (NYSE:EPD) by 114.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,591 shares of the oil and gas producer’s stock after buying an additional 20,030 shares during the period. Ameritas Advisory Services LLC’s holdings in Enterprise Products Partners were worth $1,175,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Brighton Jones LLC lifted its position in shares of Enterprise Products Partners by 19.9% in the fourth quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock worth $1,023,000 after purchasing an additional 5,425 shares in the last quarter. CWM LLC raised its holdings in shares of Enterprise Products Partners by 23.8% in the 2nd quarter. CWM LLC now owns 121,883 shares of the oil and gas producer’s stock valued at $3,780,000 after purchasing an additional 23,409 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Enterprise Products Partners by 4.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 25,682 shares of the oil and gas producer’s stock worth $796,000 after acquiring an additional 1,034 shares during the period. RFG Advisory LLC boosted its holdings in shares of Enterprise Products Partners by 4.3% during the 2nd quarter. RFG Advisory LLC now owns 20,919 shares of the oil and gas producer’s stock worth $649,000 after buying an additional 867 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in shares of Enterprise Products Partners by 2.1% during the 2nd quarter. Harbour Investments Inc. now owns 31,775 shares of the oil and gas producer’s stock worth $985,000 after buying an additional 657 shares during the period. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Price Performance

EPD opened at $37.16 on Friday. The firm’s fifty day moving average price is $32.94 and its two-hundred day moving average price is $32.01. The company has a market capitalization of $80.38 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 2.52 and a beta of 0.60. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.88 and a quick ratio of 0.60. Enterprise Products Partners L.P. has a 1 year low of $27.77 and a 1 year high of $37.31.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Enterprise Products Partners had a return on equity of 19.43% and a net margin of 11.05%.The company had revenue of $13.79 billion for the quarter, compared to analysts’ expectations of $12.44 billion. During the same period in the previous year, the business posted $0.74 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Friday, January 30th. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. Enterprise Products Partners’s payout ratio is 82.71%.

Enterprise Products Partners announced that its Board of Directors has initiated a share buyback plan on Thursday, October 30th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the oil and gas producer to reacquire up to 7.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

EPD has been the topic of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $34.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, February 4th. TD Cowen lifted their price target on shares of Enterprise Products Partners from $33.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, February 4th. Wolfe Research lowered Enterprise Products Partners from a “peer perform” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research note on Wednesday, January 14th. Wells Fargo & Company lifted their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Finally, Morgan Stanley lowered shares of Enterprise Products Partners from an “equal weight” rating to an “underweight” rating and set a $34.00 price target for the company. in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Enterprise Products Partners presently has a consensus rating of “Hold” and an average target price of $36.00.

Insider Activity at Enterprise Products Partners

In related news, Director John R. Rutherford acquired 15,000 shares of the stock in a transaction dated Monday, December 29th. The shares were purchased at an average price of $32.09 per share, for a total transaction of $481,350.00. Following the transaction, the director owned 173,586 shares in the company, valued at $5,570,374.74. This represents a 9.46% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 32.60% of the company’s stock.

About Enterprise Products Partners

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.