Enterprise Products Partners L.P. $EPD Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its position in Enterprise Products Partners L.P. (NYSE:EPDFree Report) by 25.2% during the third quarter, Holdings Channel.com reports. The firm owned 157,325 shares of the oil and gas producer’s stock after acquiring an additional 31,672 shares during the period. Jones Financial Companies Lllp’s holdings in Enterprise Products Partners were worth $4,975,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. boosted its position in shares of Enterprise Products Partners by 0.3% during the 2nd quarter. Invesco Ltd. now owns 26,787,203 shares of the oil and gas producer’s stock worth $830,671,000 after acquiring an additional 69,505 shares in the last quarter. American Century Companies Inc. boosted its holdings in Enterprise Products Partners by 1.4% in the second quarter. American Century Companies Inc. now owns 18,652,232 shares of the oil and gas producer’s stock valued at $578,406,000 after purchasing an additional 252,513 shares in the last quarter. Energy Income Partners LLC increased its stake 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 valued at $453,498,000 after purchasing an additional 1,834,659 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Enterprise Products Partners by 3.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,355,504 shares of the oil and gas producer’s stock worth $352,134,000 after purchasing an additional 351,931 shares in the last quarter. Finally, Hamlin Capital Management LLC lifted its position in shares of Enterprise Products Partners by 1.8% during the 2nd quarter. Hamlin Capital Management LLC now owns 4,995,047 shares of the oil and gas producer’s stock worth $154,896,000 after buying an additional 89,987 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

Enterprise Products Partners stock opened at $34.93 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.88 and a quick ratio of 0.60. The business has a 50 day simple moving average of $32.61 and a 200-day simple moving average of $31.87. Enterprise Products Partners L.P. has a 12 month low of $27.77 and a 12 month high of $35.55. The stock has a market capitalization of $75.56 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 2.47 and a beta of 0.60.

Enterprise Products Partners (NYSE:EPDGet Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. 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 analysts’ expectations of $12.44 billion. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.43%. Enterprise Products Partners’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 EPS. Equities analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners announced that its board has approved a stock repurchase plan on Thursday, October 30th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the oil and gas producer to repurchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 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 6.3%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, January 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 82.71%.

Insider Transactions at Enterprise Products Partners

In other news, Director John R. Rutherford acquired 15,000 shares of Enterprise Products Partners stock in a transaction that occurred on Monday, December 29th. The stock was purchased at an average price of $32.09 per share, for a total transaction of $481,350.00. Following the completion of the transaction, the director directly owned 173,586 shares in the company, valued at approximately $5,570,374.74. This trade represents a 9.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 32.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EPD has been the topic of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $32.00 target price on shares of Enterprise Products Partners in a research report on Friday, December 19th. Citigroup reiterated a “buy” rating and set a $39.00 target price (up previously from $36.00) on shares of Enterprise Products Partners in a research report on Wednesday. Wolfe Research cut Enterprise Products Partners from a “peer perform” rating to an “underperform” rating and set a $31.00 target price for the company. in a research report on Wednesday, January 14th. UBS Group reaffirmed a “buy” rating on shares of Enterprise Products Partners in a research report on Tuesday, December 16th. Finally, Stifel Nicolaus increased their price objective on Enterprise Products Partners from $35.00 to $38.00 and gave the company a “buy” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $36.00.

View Our Latest Analysis on EPD

Key Stories Impacting Enterprise Products Partners

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Enterprise Products Partners Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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