Botty Investors LLC boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,586 shares of the oil and gas producer’s stock after buying an additional 236 shares during the period. Botty Investors LLC’s holdings in Enterprise Products Partners L.P. were worth $648,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dubuque Bank & Trust Co. boosted its position in shares of Enterprise Products Partners L.P. by 222.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,790 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 2,615 shares in the last quarter. Baystate Wealth Management LLC boosted its position in shares of Enterprise Products Partners L.P. by 1,050.7% in the first quarter. Baystate Wealth Management LLC now owns 4,361 shares of the oil and gas producer’s stock worth $122,000 after buying an additional 3,982 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in shares of Enterprise Products Partners L.P. during the first quarter worth $140,000. Intellectus Partners LLC boosted its position in shares of Enterprise Products Partners L.P. by 8.0% in the first quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock worth $149,000 after buying an additional 399 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its position in shares of Enterprise Products Partners L.P. by 6.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 7,000 shares of the oil and gas producer’s stock worth $193,000 after buying an additional 405 shares in the last quarter. 38.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up 0.24% during midday trading on Wednesday, hitting $25.17. The stock had a trading volume of 3,168,829 shares. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The firm’s 50-day moving average is $26.93 and its 200 day moving average is $27.33. The company has a market capitalization of $54.07 billion, a PE ratio of 19.80 and a beta of 0.89.
Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. The firm had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. Equities analysts expect that Enterprise Products Partners L.P. will post $1.39 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were issued a dividend of $0.42 per share. The ex-dividend date was Thursday, July 27th. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.67%. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 132.28%.
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A number of brokerages recently weighed in on EPD. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 price target on shares of Enterprise Products Partners L.P. in a research note on Friday, August 11th. Sanford C. Bernstein reissued an “outperform” rating on shares of Enterprise Products Partners L.P. in a research note on Thursday, August 10th. BidaskClub cut Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Barclays PLC restated an “overweight” rating and set a $31.00 price objective (down from $33.00) on shares of Enterprise Products Partners L.P. in a research report on Friday, August 4th. Finally, Scotiabank set a $33.00 price objective on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $31.62.
About Enterprise Products Partners L.P.
Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
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