Clear Trail Advisors LLC Acquires Shares of 108,147 Enterprise Products Partners L.P. $EPD

Clear Trail Advisors LLC bought a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 108,147 shares of the oil and gas producer’s stock, valued at approximately $3,467,000.

A number of other hedge funds also recently made changes to their positions in EPD. PMV Capital Advisers LLC bought a new position in Enterprise Products Partners during the fourth quarter valued at about $25,000. Palisade Asset Management LLC bought a new stake in Enterprise Products Partners in the third quarter worth about $31,000. Abich Financial Wealth Management LLC bought a new stake in Enterprise Products Partners in the third quarter worth about $32,000. Texas Capital Bancshares Inc TX purchased a new position in Enterprise Products Partners in the third quarter valued at about $32,000. Finally, Financial Consulate Inc. bought a new position in shares of Enterprise Products Partners during the 3rd quarter valued at approximately $33,000. 26.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Morgan Stanley raised their price target on shares of Enterprise Products Partners from $34.00 to $38.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 18th. Barclays increased their price objective on Enterprise Products Partners from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Royal Bank Of Canada restated an “outperform” rating and issued a $40.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Products Partners in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $34.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.14.

Insider Transactions at Enterprise Products Partners

In related news, Director John R. Rutherford acquired 15,000 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The shares were acquired at an average price of $32.09 per share, with a total value of $481,350.00. Following the acquisition, the director owned 173,586 shares of the company’s stock, valued at approximately $5,570,374.74. This trade represents a 9.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Aj Teague bought 2,665 shares of the business’s stock in a transaction on Friday, March 20th. The stock was bought at an average price of $37.55 per share, with a total value of $100,070.75. Following the purchase, the chief executive officer 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 disclosure for this purchase is available in the SEC filing. Corporate insiders own 32.60% of the company’s stock.

Enterprise Products Partners Stock Up 1.5%

Enterprise Products Partners stock opened at $38.13 on Tuesday. Enterprise Products Partners L.P. has a 1-year low of $27.77 and a 1-year high of $38.22. The firm has a market capitalization of $82.43 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 1.50 and a beta of 0.59. 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 firm has a 50 day simple moving average of $35.45 and a 200 day simple moving average of $33.00.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.The firm had revenue of $13.79 billion for the quarter, compared to the consensus estimate of $12.44 billion. During the same quarter in the prior year, the business posted $0.74 earnings per share. The business’s quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Friday, January 30th. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.55. Enterprise Products Partners’s dividend payout ratio is presently 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.