Annex Advisory Services LLC Makes New Investment in Enterprise Products Partners L.P. $EPD

Annex Advisory Services LLC bought a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 14,751 shares of the oil and gas producer’s stock, valued at approximately $473,000.

A number of other large investors also recently bought and sold shares of EPD. PMV Capital Advisers LLC bought a new position in Enterprise Products Partners during the fourth quarter worth $25,000. Palisade Asset Management LLC bought a new position in shares of Enterprise Products Partners in the 3rd quarter worth about $31,000. Abich Financial Wealth Management LLC bought a new position in shares of Enterprise Products Partners in the 3rd quarter worth about $32,000. Texas Capital Bancshares Inc TX bought a new position in Enterprise Products Partners in the third quarter worth about $32,000. Finally, Financial Consulate Inc. bought a new position in Enterprise Products Partners in the third quarter worth about $33,000. Institutional investors own 26.07% of the company’s stock.

Insider Buying and Selling at Enterprise Products Partners

In related news, CEO Aj Teague acquired 2,665 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average cost of $37.55 per share, for a total transaction of $100,070.75. Following the completion of the purchase, the chief executive officer directly owned 77,576 shares in the company, valued at $2,912,978.80. This trade represents a 3.56% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 32.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EPD has been the topic of a number of recent research reports. Jefferies Financial Group raised their target price 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. TD Cowen raised their price target on Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. UBS Group reiterated a “buy” rating on shares of Enterprise Products Partners in a research note on Wednesday, March 4th. Truist Financial assumed coverage on Enterprise Products Partners in a research note on Tuesday, March 24th. They issued a “hold” rating and a $36.00 target price on the stock. Finally, Wall Street Zen upgraded Enterprise Products Partners from a “hold” rating to a “buy” rating in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

Enterprise Products Partners Stock Performance

EPD opened at $37.06 on Thursday. The business’s 50 day moving average is $37.07 and its 200-day moving average is $33.74. The company has a current ratio of 1.04, a quick ratio of 0.74 and a debt-to-equity ratio of 1.07. The stock has a market cap of $80.12 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.47 and a beta of 0.55. Enterprise Products Partners L.P. has a twelve month low of $29.66 and a twelve month high of $39.74.

Enterprise Products Partners (NYSE:EPD) last announced its 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. The firm had revenue of $13.79 billion for 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 firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. On average, analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 30th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Thursday, April 30th. Enterprise Products Partners’s payout ratio is currently 82.71%.

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.