Chilton Investment Co. Inc. Purchases New Position in Enterprise Products Partners L.P. $EPD

Chilton Investment Co. Inc. acquired a new position in Enterprise Products Partners L.P. (NYSE:EPD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,000 shares of the oil and gas producer’s stock, valued at approximately $1,220,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Energy Income Partners LLC grew its position in Enterprise Products Partners by 14.3% in the second quarter. Energy Income Partners LLC now owns 14,624,238 shares of the oil and gas producer’s stock worth $453,498,000 after acquiring an additional 1,834,659 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Enterprise Products Partners by 119.4% during the 2nd quarter. Corient Private Wealth LLC now owns 2,414,035 shares of the oil and gas producer’s stock valued at $74,859,000 after purchasing an additional 1,313,976 shares in the last quarter. Berkley W R Corp lifted its stake in shares of Enterprise Products Partners by 17.9% in the 3rd quarter. Berkley W R Corp now owns 6,000,000 shares of the oil and gas producer’s stock valued at $187,620,000 after purchasing an additional 910,206 shares during the last quarter. Eagle Global Advisors LLC lifted its stake in shares of Enterprise Products Partners by 42.2% in the 3rd quarter. Eagle Global Advisors LLC now owns 2,931,052 shares of the oil and gas producer’s stock valued at $91,654,000 after purchasing an additional 870,103 shares during the last quarter. Finally, HRT Financial LP boosted its holdings in Enterprise Products Partners by 118.1% in the second quarter. HRT Financial LP now owns 1,528,580 shares of the oil and gas producer’s stock worth $47,401,000 after purchasing an additional 827,780 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EPD. The Goldman Sachs Group restated a “neutral” rating and set a $32.00 target price on shares of Enterprise Products Partners in a report on Friday, December 19th. Wells Fargo & Company upped their price target on Enterprise Products Partners from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday. Scotiabank reissued 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. UBS Group reissued a “buy” rating on shares of Enterprise Products Partners in a research note on Wednesday, March 4th. Finally, Morgan Stanley lowered Enterprise Products Partners from an “equal weight” rating to an “underweight” rating and set a $34.00 target price for the company. in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $36.71.

Enterprise Products Partners Stock Up 1.1%

Enterprise Products Partners stock opened at $37.01 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.04 and a quick ratio of 0.74. Enterprise Products Partners L.P. has a fifty-two week low of $27.77 and a fifty-two week high of $38.22. The firm has a fifty day moving average price of $34.78 and a two-hundred day moving average price of $32.77. The firm has a market cap of $80.00 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 1.48 and a beta of 0.58.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. The company 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 was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.74 earnings per share. As a group, analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a $0.55 dividend. This is an increase 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 dividend on an annualized basis and a yield of 5.9%. Enterprise Products Partners’s payout ratio is 82.71%.

Insider Buying and Selling

In other Enterprise Products Partners news, Director John R. Rutherford purchased 15,000 shares of the company’s stock in a transaction on Monday, December 29th. The shares were bought at an average cost of $32.09 per share, with a total value of $481,350.00. Following the transaction, the director directly owned 173,586 shares in the company, valued at approximately $5,570,374.74. This represents a 9.46% increase in their position. The purchase 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.

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.