SG Americas Securities LLC Buys New Position in Enterprise Products Partners L.P. $EPD

SG Americas Securities LLC purchased a new position in Enterprise Products Partners L.P. (NYSE:EPD) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 88,788 shares of the oil and gas producer’s stock, valued at approximately $3,360,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of EPD. PMV Capital Advisers LLC bought a new stake in shares of Enterprise Products Partners in the 4th quarter worth approximately $25,000. Palisade Asset Management LLC bought a new stake in Enterprise Products Partners during the third quarter worth approximately $31,000. Texas Capital Bancshares Inc TX bought a new stake in Enterprise Products Partners during the third quarter worth approximately $32,000. Daytona Street Capital LLC acquired a new position in Enterprise Products Partners in the fourth quarter worth approximately $42,000. Finally, Groesbeck Investment Management Corp NJ bought a new position in shares of Enterprise Products Partners in the fourth quarter valued at $45,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Morgan Stanley reiterated an “underweight” rating and set a $43.00 price objective (up from $42.00) on shares of Enterprise Products Partners in a research report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their target price on Enterprise Products Partners from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Citigroup reiterated a “buy” rating and issued a $44.00 price target (up from $39.00) on shares of Enterprise Products Partners in a research report on Friday, May 1st. Barclays lifted their price target on Enterprise Products Partners from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, Wall Street Zen raised shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Nine research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.94.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD opened at $36.75 on Wednesday. The company’s fifty day moving average is $37.79 and its two-hundred day moving average is $36.05. The company has a market cap of $79.44 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.31 and a beta of 0.49. Enterprise Products Partners L.P. has a 12-month low of $30.01 and a 12-month high of $40.17. The company has a quick ratio of 0.61, a current ratio of 0.91 and a debt-to-equity ratio of 1.03.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Monday, April 27th. The oil and gas producer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.03). Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The business had revenue of $14.39 billion during the quarter, compared to analyst estimates of $13.62 billion. During the same period last year, the business earned $0.64 EPS. The business’s quarterly revenue was down 6.7% on a year-over-year basis. Equities analysts expect that Enterprise Products Partners L.P. will post 2.98 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, April 30th. This represents a $2.20 dividend on an annualized basis and a yield of 6.0%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 81.48%.

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.