Baer Investment Advisory LLC Acquires 33,549 Shares of Enterprise Products Partners L.P. $EPD

Baer Investment Advisory LLC increased its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 72.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,774 shares of the oil and gas producer’s stock after acquiring an additional 33,549 shares during the period. Enterprise Products Partners comprises approximately 2.4% of Baer Investment Advisory LLC’s portfolio, making the stock its 20th biggest holding. Baer Investment Advisory LLC’s holdings in Enterprise Products Partners were worth $2,558,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Winthrop Advisory Group LLC boosted its holdings in shares of Enterprise Products Partners by 30.1% in the 4th quarter. Winthrop Advisory Group LLC now owns 8,638 shares of the oil and gas producer’s stock worth $277,000 after buying an additional 2,000 shares during the last quarter. Groesbeck Investment Management Corp NJ purchased a new position in shares of Enterprise Products Partners in the 4th quarter worth about $45,000. Daytona Street Capital LLC purchased a new position in shares of Enterprise Products Partners in the 4th quarter worth about $42,000. Bank of Stockton boosted its holdings in shares of Enterprise Products Partners by 7.5% in the 4th quarter. Bank of Stockton now owns 14,811 shares of the oil and gas producer’s stock worth $475,000 after buying an additional 1,028 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its holdings in shares of Enterprise Products Partners by 3.8% in the 4th quarter. Flagship Harbor Advisors LLC now owns 84,659 shares of the oil and gas producer’s stock worth $2,714,000 after buying an additional 3,117 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Trading Up 1.4%

Shares of EPD opened at $38.35 on Wednesday. The business has a 50-day moving average of $36.66 and a 200 day moving average of $33.51. The firm has a market cap of $82.89 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.50 and a beta of 0.55. Enterprise Products Partners L.P. has a fifty-two week low of $27.86 and a fifty-two week high of $39.74. 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 (NYSE:EPD) last released its quarterly earnings data on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $13.79 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.74 EPS. As a group, research analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were issued a $0.55 dividend. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, January 30th. This represents a $2.20 annualized dividend and a yield of 5.7%. Enterprise Products Partners’s payout ratio is 82.71%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Barclays lifted their price target on shares of Enterprise Products Partners from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. UBS Group reaffirmed a “buy” rating on shares of Enterprise Products Partners in a report on Wednesday, March 4th. Jefferies Financial Group lifted their price target on shares of Enterprise Products Partners from $34.00 to $40.00 and gave the stock a “hold” rating in a report on Tuesday, March 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Products Partners in a report on Thursday, January 22nd. Finally, Wolfe Research cut shares of Enterprise Products Partners from a “peer perform” rating to an “underperform” rating and set a $31.00 price target on the stock. in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Enterprise Products Partners presently has a consensus rating of “Moderate Buy” and an average target price of $37.73.

Insider Buying and Selling

In related news, CEO Aj Teague acquired 2,665 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average price of $37.55 per share, with a total value of $100,070.75. Following the acquisition, the chief executive officer owned 77,576 shares of the company’s stock, valued at approximately $2,912,978.80. This trade represents a 3.56% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 32.60% of the company’s stock.

Enterprise Products Partners 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.