American Century Companies Inc. Sells 1,583,428 Shares of Enterprise Products Partners L.P. $EPD

American Century Companies Inc. lowered its holdings in Enterprise Products Partners L.P. (NYSE:EPDFree Report) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,068,804 shares of the oil and gas producer’s stock after selling 1,583,428 shares during the period. American Century Companies Inc. owned approximately 0.79% of Enterprise Products Partners worth $533,742,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brighton Jones LLC lifted 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 purchasing an additional 5,425 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Enterprise Products Partners by 9.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 58,918 shares of the oil and gas producer’s stock worth $1,827,000 after buying an additional 5,000 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Enterprise Products Partners by 4.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 614,093 shares of the oil and gas producer’s stock valued at $19,043,000 after buying an additional 26,480 shares in the last quarter. World Investment Advisors lifted its holdings in shares of Enterprise Products Partners by 1.5% during the 2nd quarter. World Investment Advisors now owns 51,703 shares of the oil and gas producer’s stock worth $1,603,000 after acquiring an additional 766 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its position in Enterprise Products Partners by 5.6% in the second quarter. Arkadios Wealth Advisors now owns 78,523 shares of the oil and gas producer’s stock worth $2,435,000 after acquiring an additional 4,147 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

EPD has been the topic of a number of research reports. Morgan Stanley downgraded 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 report on Thursday, December 18th. Barclays reiterated an “overweight” rating and set a $38.00 price objective (up from $35.00) on shares of Enterprise Products Partners in a research report on Wednesday, February 4th. Raymond James Financial downgraded Enterprise Products Partners from a “strong-buy” rating to an “outperform” rating and set a $36.00 target price for the company. in a research report on Monday, January 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $32.00 target price on shares of Enterprise Products Partners in a research note on Friday, December 19th. Finally, UBS Group reissued a “buy” rating on shares of Enterprise Products Partners in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Enterprise Products Partners presently has an average rating of “Hold” and a consensus target price of $36.00.

Check Out Our Latest Stock Analysis on EPD

Enterprise Products Partners Price Performance

EPD opened at $36.16 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.60 and a current ratio of 0.88. The stock has a market capitalization of $78.22 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 2.56 and a beta of 0.60. The stock’s 50 day moving average price is $33.77 and its 200-day moving average price is $32.37. Enterprise Products Partners L.P. has a 52-week low of $27.77 and a 52-week high of $37.31.

Enterprise Products Partners (NYSE:EPDGet Free Report) last released its quarterly earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $13.79 billion for the quarter, compared to analysts’ expectations of $12.44 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities research analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a dividend of $0.55 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. This represents a $2.20 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Friday, January 30th. Enterprise Products Partners’s dividend payout ratio is presently 82.71%.

Key Enterprise Products Partners News

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

Insider Transactions at Enterprise Products Partners

In related news, Director John R. Rutherford acquired 15,000 shares of the stock in a transaction on Monday, December 29th. The stock was acquired at an average cost of $32.09 per share, for a total transaction of $481,350.00. Following the completion of the acquisition, the director directly owned 173,586 shares of the company’s stock, valued at approximately $5,570,374.74. This represents a 9.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 32.60% of the stock is currently owned by insiders.

About Enterprise Products Partners

(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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