Enterprise Products Partners L.P. (NYSE:EPD) insider W Randall Fowler bought 10,000 shares of the stock in a transaction dated Tuesday, November 13th. The stock was purchased at an average price of $26.19 per share, with a total value of $261,900.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

EPD traded down $0.52 during trading on Tuesday, hitting $26.13. 9,995,703 shares of the company traded hands, compared to its average volume of 5,146,033. The firm has a market cap of $58.93 billion, a P/E ratio of 19.80, a PEG ratio of 4.86 and a beta of 0.87. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.70. Enterprise Products Partners L.P. has a one year low of $23.10 and a one year high of $30.05.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Wednesday, October 31st. The oil and gas producer reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.15. The company had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.72 billion. Enterprise Products Partners had a net margin of 10.23% and a return on equity of 16.28%. The firm’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. Equities research analysts predict that Enterprise Products Partners L.P. will post 1.87 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 8th. Investors of record on Wednesday, October 31st were given a dividend of $0.4325 per share. The ex-dividend date was Tuesday, October 30th. This represents a $1.73 annualized dividend and a yield of 6.62%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.43. Enterprise Products Partners’s dividend payout ratio is presently 131.06%.

Several brokerages have recently commented on EPD. Bank of America increased their target price on shares of Enterprise Products Partners from $29.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Barclays increased their target price on shares of Enterprise Products Partners from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Scotiabank set a $33.00 target price on shares of Enterprise Products Partners and gave the company a “buy” rating in a report on Monday, August 20th. Zacks Investment Research downgraded shares of Enterprise Products Partners from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Finally, Raymond James increased their target price on shares of Enterprise Products Partners from $34.00 to $35.00 and gave the company a “strong-buy” rating in a report on Thursday, October 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Enterprise Products Partners presently has a consensus rating of “Buy” and a consensus price target of $32.83.

A number of institutional investors and hedge funds have recently bought and sold shares of EPD. Principal Financial Group Inc. grew its position in Enterprise Products Partners by 2.7% during the first quarter. Principal Financial Group Inc. now owns 5,688,613 shares of the oil and gas producer’s stock valued at $139,257,000 after buying an additional 147,438 shares during the period. Allianz Asset Management GmbH boosted its position in Enterprise Products Partners by 32.1% during the first quarter. Allianz Asset Management GmbH now owns 291,445 shares of the oil and gas producer’s stock worth $7,135,000 after purchasing an additional 70,868 shares during the period. Fisher Asset Management LLC bought a new position in Enterprise Products Partners during the second quarter worth about $359,000. FormulaFolio Investments LLC bought a new position in Enterprise Products Partners during the second quarter worth about $207,000. Finally, Mckinley Capital Management LLC Delaware boosted its position in Enterprise Products Partners by 5.2% during the second quarter. Mckinley Capital Management LLC Delaware now owns 44,206 shares of the oil and gas producer’s stock worth $1,223,000 after purchasing an additional 2,190 shares during the period. Institutional investors own 36.32% of the company’s stock.

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About Enterprise Products Partners

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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