A. D. Beadell Investment Counsel Inc. lowered its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,735 shares of the oil and gas producer’s stock after selling 500 shares during the period. A. D. Beadell Investment Counsel Inc.’s holdings in Enterprise Products Partners L.P. were worth $1,617,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in EPD. Dubuque Bank & Trust Co. raised its stake 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 during the period. First Financial Corp IN raised its stake in shares of Enterprise Products Partners L.P. by 11.1% in the second quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock worth $108,000 after buying an additional 400 shares during the period. Baystate Wealth Management LLC raised its stake 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 during the period. Camarda Financial Advisors LLC raised its stake in shares of Enterprise Products Partners L.P. by 0.6% in the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after buying an additional 27 shares during the period. Finally, Crestwood Advisors Group LLC bought a new stake in shares of Enterprise Products Partners L.P. during the first quarter worth about $140,000. 38.83% of the stock is owned by institutional investors and hedge funds.
Enterprise Products Partners L.P. (NYSE EPD) traded down 0.004% on Thursday, hitting $25.169. 852,760 shares of the company were exchanged. The stock’s 50-day moving average price is $26.93 and its 200-day moving average price is $27.33. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25. The stock has a market capitalization of $54.06 billion, a P/E ratio of 19.803 and a beta of 0.89.
Enterprise Products Partners L.P. (NYSE:EPD) last announced 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 Thomson Reuters’ consensus estimate of $0.33 by $0.03. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The firm had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the previous year, the company earned $0.27 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts anticipate 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. Shareholders of record on Monday, July 31st were paid a dividend of $0.42 per share. The ex-dividend date was Thursday, July 27th. This represents a $1.68 annualized dividend and a yield of 6.67%. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s dividend payout ratio is presently 132.28%.
ILLEGAL ACTIVITY WARNING: “Enterprise Products Partners L.P. (EPD) Shares Sold by A. D. Beadell Investment Counsel Inc.” was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://stocknewstimes.com/2017/08/17/enterprise-products-partners-l-p-epd-shares-sold-by-a-d-beadell-investment-counsel-inc.html.
A number of equities research analysts have issued reports on EPD shares. BMO Capital Markets set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Monday, June 5th. Scotiabank set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Friday, July 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a report on Friday, July 14th. BidaskClub raised shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Enterprise Products Partners L.P. in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Enterprise Products Partners L.P. has an average rating of “Buy” and an average target price of $31.62.
Enterprise Products Partners L.P. Company Profile
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.
Want to see what other hedge funds are holding EPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Products Partners L.P. (NYSE:EPD).
Receive News & Ratings for Enterprise Products Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.
