Enterprise Products Partners L.P. (EPD) Shares Sold by First Republic Investment Management Inc.
First Republic Investment Management Inc. trimmed its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 58.2% during the 4th quarter, Holdings Channel reports. The firm owned 34,598 shares of the oil and gas producer’s stock after selling 48,111 shares during the period. First Republic Investment Management Inc.’s holdings in Enterprise Products Partners were worth $918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Baird Financial Group Inc. grew its position in Enterprise Products Partners by 4.4% in the 4th quarter. Baird Financial Group Inc. now owns 122,071 shares of the oil and gas producer’s stock worth $3,236,000 after purchasing an additional 5,193 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Enterprise Products Partners by 77.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 107,800 shares of the oil and gas producer’s stock worth $2,858,000 after acquiring an additional 47,000 shares during the period. Trustcore Financial Services LLC bought a new position in shares of Enterprise Products Partners during the 4th quarter worth about $1,787,000. Valeo Financial Advisors LLC lifted its holdings in shares of Enterprise Products Partners by 22.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 131,630 shares of the oil and gas producer’s stock worth $3,490,000 after acquiring an additional 24,496 shares during the period. Finally, Mariner Wealth Advisors LLC lifted its holdings in shares of Enterprise Products Partners by 400.3% during the 4th quarter. Mariner Wealth Advisors LLC now owns 84,938 shares of the oil and gas producer’s stock worth $2,252,000 after acquiring an additional 67,962 shares during the period. Institutional investors own 36.33% of the company’s stock.
In other news, CEO Aj Teague purchased 11,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was purchased at an average cost of $26.47 per share, with a total value of $299,111.00. Following the acquisition, the chief executive officer now directly owns 1,474,183 shares of the company’s stock, valued at approximately $39,021,624.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 37.50% of the company’s stock.
Enterprise Products Partners L.P. (NYSE EPD) opened at $25.11 on Monday. Enterprise Products Partners L.P. has a 1-year low of $23.59 and a 1-year high of $29.51. The stock has a market cap of $54,265.10, a PE ratio of 19.32, a P/E/G ratio of 4.06 and a beta of 0.86. The company has a current ratio of 0.70, a quick ratio of 0.53 and a debt-to-equity ratio of 0.95.
Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Wednesday, January 31st. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Enterprise Products Partners had a net margin of 9.57% and a return on equity of 12.52%. The firm had revenue of $8.43 billion during the quarter, compared to the consensus estimate of $7.02 billion. During the same period last year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. equities analysts predict that Enterprise Products Partners L.P. will post 1.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 7th. Investors of record on Wednesday, January 31st were issued a dividend of $0.425 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a yield of 6.77%. The ex-dividend date was Tuesday, January 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 130.77%.
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About Enterprise Products Partners
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.
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