Barclays PLC Has $58.12 Million Holdings in Enterprise Products Partners L.P. $EPD

Barclays PLC cut its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 14.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,858,764 shares of the oil and gas producer’s stock after selling 319,112 shares during the period. Barclays PLC owned approximately 0.09% of Enterprise Products Partners worth $58,124,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EPD. Tred Avon Family Wealth LLC acquired a new position in shares of Enterprise Products Partners in the third quarter valued at $1,015,000. Tectonic Advisors LLC boosted its stake in Enterprise Products Partners by 10.0% during the third quarter. Tectonic Advisors LLC now owns 678,769 shares of the oil and gas producer’s stock worth $21,225,000 after buying an additional 61,669 shares in the last quarter. Westbourne Investment Advisors Inc. acquired a new stake in Enterprise Products Partners during the second quarter worth $657,000. PNC Financial Services Group Inc. raised its stake in shares of Enterprise Products Partners by 3.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,252,088 shares of the oil and gas producer’s stock valued at $39,153,000 after buying an additional 36,339 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of Enterprise Products Partners by 20.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 229,911 shares of the oil and gas producer’s stock valued at $7,189,000 after buying an additional 38,660 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

Shares of Enterprise Products Partners stock opened at $37.04 on Tuesday. The stock has a market capitalization of $80.07 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 2.67 and a beta of 0.58. The firm’s 50-day moving average price is $34.39 and its two-hundred day moving average price is $32.62. The company has a current ratio of 1.04, a quick ratio of 0.74 and a debt-to-equity ratio of 1.07. Enterprise Products Partners L.P. has a 1-year low of $27.77 and a 1-year high of $38.22.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $13.79 billion during the quarter, compared to analysts’ expectations of $12.44 billion. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.33%. Enterprise Products Partners’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 earnings per share. On average, equities analysts predict 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 announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a dividend of $0.55 per share. The ex-dividend date was Friday, January 30th. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.55. This represents a $2.20 annualized dividend and a dividend yield of 5.9%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 82.71%.

Analysts Set New Price Targets

Several analysts have recently weighed in on EPD shares. Citigroup reiterated a “buy” rating and set a $39.00 target price (up from $36.00) on shares of Enterprise Products Partners in a research report on Wednesday, February 4th. The Goldman Sachs Group reissued a “neutral” rating and issued a $32.00 price target on shares of Enterprise Products Partners in a research report on Friday, December 19th. Royal Bank Of Canada restated an “outperform” rating and set a $40.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, February 4th. Scotiabank reaffirmed a “sector perform” rating and set a $37.00 price objective (up from $35.00) on shares of Enterprise Products Partners in a report on Thursday, February 5th. Finally, UBS Group reiterated a “buy” rating on shares of Enterprise Products Partners in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.29.

Insider Activity at Enterprise Products Partners

In other Enterprise Products Partners news, Director John R. Rutherford bought 15,000 shares of the stock in a transaction dated Monday, December 29th. The stock was bought 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 $5,570,374.74. This represents a 9.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 32.60% of the company’s stock.

Enterprise Products Partners Company Profile

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.