Enterprise Products Partners (NYSE:EPD) CEO Aj Teague Purchases 2,665 Shares of Stock

Enterprise Products Partners L.P. (NYSE:EPD) CEO Aj Teague bought 2,665 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of $37.55 per share, with a total value of $100,070.75. Following the transaction, the chief executive officer directly owned 77,576 shares in the company, valued at approximately $2,912,978.80. The trade was a 3.56% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock opened at $38.13 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.74 and a current ratio of 1.04. Enterprise Products Partners L.P. has a 1 year low of $27.77 and a 1 year high of $38.22. The firm’s 50-day simple moving average is $35.45 and its 200-day simple moving average is $33.00. The firm has a market cap of $82.43 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.50 and a beta of 0.59.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $13.79 billion during the quarter, compared to the consensus estimate of $12.44 billion. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.74 earnings per share. Equities analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Friday, January 30th. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.55. Enterprise Products Partners’s payout ratio is 82.71%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Products Partners in a research report on Thursday, January 22nd. Scotiabank lifted their price objective on shares of Enterprise Products Partners from $37.00 to $39.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 17th. JPMorgan Chase & Co. increased their target price on shares of Enterprise Products Partners from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Morgan Stanley raised their price target on shares of Enterprise Products Partners from $34.00 to $38.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 18th. Finally, Citigroup reaffirmed a “buy” rating and issued a $39.00 price target (up from $36.00) on shares of Enterprise Products Partners in a report on Wednesday, February 4th. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $37.14.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EPD. Tred Avon Family Wealth LLC acquired a new stake in Enterprise Products Partners in the 3rd quarter valued at approximately $1,015,000. Tectonic Advisors LLC grew its stake in shares of Enterprise Products Partners by 10.0% in the third quarter. Tectonic Advisors LLC now owns 678,769 shares of the oil and gas producer’s stock worth $21,225,000 after purchasing an additional 61,669 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Enterprise Products Partners by 20.2% during the third quarter. Advisors Asset Management Inc. now owns 229,911 shares of the oil and gas producer’s stock valued at $7,189,000 after purchasing an additional 38,660 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Enterprise Products Partners by 3.0% during the third 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 purchasing an additional 36,339 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in Enterprise Products Partners by 118.9% in the second quarter. Corient Private Wealth LLC now owns 2,407,544 shares of the oil and gas producer’s stock worth $74,658,000 after purchasing an additional 1,307,485 shares during the period. 26.07% of the stock is currently owned by institutional investors.

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.