Enterprise Products Partners L.P. $EPD is Chickasaw Capital Management LLC’s 8th Largest Position

Chickasaw Capital Management LLC decreased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 3.1% during the fourth quarter, Holdings Channel reports. The fund owned 4,805,291 shares of the oil and gas producer’s stock after selling 155,574 shares during the period. Enterprise Products Partners comprises approximately 6.3% of Chickasaw Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Chickasaw Capital Management LLC’s holdings in Enterprise Products Partners were worth $154,058,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EPD. Silverlake Wealth Management LLC grew its stake in shares of Enterprise Products Partners by 4.1% during the 4th quarter. Silverlake Wealth Management LLC now owns 11,930 shares of the oil and gas producer’s stock valued at $382,000 after purchasing an additional 469 shares during the period. Clear Trail Advisors LLC bought a new position in shares of Enterprise Products Partners in the 4th quarter worth approximately $3,467,000. BOS Asset Management LLC bought a new position in shares of Enterprise Products Partners in the 4th quarter worth approximately $204,000. Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Enterprise Products Partners in the fourth quarter worth approximately $1,315,000. Finally, Park Place Capital Corp grew its position in Enterprise Products Partners by 4.1% during the fourth quarter. Park Place Capital Corp now owns 32,805 shares of the oil and gas producer’s stock valued at $1,052,000 after buying an additional 1,283 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Enterprise Products Partners

In other Enterprise Products Partners news, CEO Aj Teague acquired 2,665 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was purchased at an average price of $37.55 per share, with a total value of $100,070.75. Following the completion of the purchase, the chief executive officer directly owned 77,576 shares in the company, valued at approximately $2,912,978.80. The trade was a 3.56% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John R. Rutherford bought 15,000 shares of the business’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 transaction, the director directly owned 173,586 shares of the company’s stock, valued at $5,570,374.74. This represents a 9.46% increase in their position. The disclosure for this purchase is available in the SEC filing. 32.60% of the stock is owned by company insiders.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD opened at $38.13 on Tuesday. The company has a market capitalization of $82.43 billion, a P/E ratio of 14.34, a P/E/G ratio of 1.50 and a beta of 0.59. Enterprise Products Partners L.P. has a 1-year low of $27.77 and a 1-year high of $38.22. The firm’s 50 day simple moving average is $35.45 and its two-hundred day simple moving average is $33.00. 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 (NYSE:EPD) last announced its quarterly earnings data on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $13.79 billion during 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 19.33%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 earnings per share. Research analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Friday, January 30th. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.55. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 82.71%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $34.00 target price on shares of Enterprise Products Partners in a report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Products Partners in a research report on Thursday, January 22nd. Wall Street Zen upgraded Enterprise Products Partners from a “hold” rating to a “buy” rating in a research note on Saturday. TD Cowen raised their target price on Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. Finally, Wolfe Research downgraded Enterprise Products Partners from a “peer perform” rating to an “underperform” rating and set a $31.00 target price on the stock. in a research report on Wednesday, January 14th. One equities 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 given a Sell rating to the company. According to data from MarketBeat, Enterprise Products Partners has a consensus rating of “Hold” and a consensus price target of $37.14.

Enterprise Products Partners Company Profile

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.