Moody National Bank Trust Division Raises Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Moody National Bank Trust Division increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD – Get Rating) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,319 shares of the oil and gas producer’s stock after purchasing an additional 980 shares during the quarter. Moody National Bank Trust Division’s holdings in Enterprise Products Partners were worth $1,576,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in EPD. BlackRock Inc. boosted its stake in Enterprise Products Partners by 4.7% during the first quarter. BlackRock Inc. now owns 25,050,292 shares of the oil and gas producer’s stock worth $646,548,000 after buying an additional 1,114,690 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Enterprise Products Partners by 1.5% during the third quarter. Neuberger Berman Group LLC now owns 19,014,357 shares of the oil and gas producer’s stock worth $452,162,000 after buying an additional 276,360 shares during the last quarter. Energy Income Partners LLC boosted its stake in Enterprise Products Partners by 6.3% during the third quarter. Energy Income Partners LLC now owns 14,701,701 shares of the oil and gas producer’s stock worth $349,607,000 after buying an additional 871,211 shares during the last quarter. FMR LLC boosted its stake in Enterprise Products Partners by 1.5% during the second quarter. FMR LLC now owns 12,779,225 shares of the oil and gas producer’s stock worth $311,430,000 after buying an additional 194,468 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Enterprise Products Partners by 12.5% during the first quarter. Clearbridge Investments LLC now owns 11,888,708 shares of the oil and gas producer’s stock worth $306,848,000 after buying an additional 1,323,267 shares during the last quarter. 26.54% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Aj Teague purchased 21,150 shares of the business’s stock in a transaction on Tuesday, December 20th. The shares were bought at an average price of $23.60 per share, for a total transaction of $499,140.00. Following the acquisition, the chief executive officer now directly owns 2,335,225 shares in the company, valued at $55,111,310. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Enterprise Products Partners news, Director Carin Marcy Barth acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, December 27th. The shares were acquired at an average price of $23.99 per share, for a total transaction of $119,950.00. Following the acquisition, the director now owns 75,776 shares in the company, valued at approximately $1,817,866.24. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Aj Teague acquired 21,150 shares of the company’s stock in a transaction dated Tuesday, December 20th. The stock was acquired at an average price of $23.60 per share, for a total transaction of $499,140.00. Following the acquisition, the chief executive officer now owns 2,335,225 shares in the company, valued at approximately $55,111,310. The disclosure for this purchase can be found here. Insiders have purchased a total of 29,800 shares of company stock worth $707,019 in the last quarter. 32.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EPD. Wolfe Research raised Enterprise Products Partners from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research note on Monday, January 9th. JPMorgan Chase & Co. boosted their price objective on Enterprise Products Partners from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, March 9th. TD Securities upped their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Scotiabank initiated coverage on Enterprise Products Partners in a research note on Thursday, March 2nd. They issued a “sector outperform” rating and a $31.00 price target on the stock. Finally, StockNews.com initiated coverage on Enterprise Products Partners in a research note on Thursday. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Enterprise Products Partners presently has an average rating of “Moderate Buy” and an average target price of $30.83.

Enterprise Products Partners Trading Down 0.7 %

Shares of EPD stock traded down $0.17 on Friday, hitting $25.07. The stock had a trading volume of 10,607,591 shares, compared to its average volume of 4,713,786. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.86 and a quick ratio of 0.66. The firm has a market capitalization of $54.42 billion, a P/E ratio of 10.03 and a beta of 1.10. Enterprise Products Partners L.P. has a 1 year low of $22.90 and a 1 year high of $28.65. The company’s 50 day moving average price is $25.86 and its 200-day moving average price is $25.19.

Enterprise Products Partners (NYSE:EPD – Get Rating) last posted its quarterly earnings data on Wednesday, February 1st. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.05. Enterprise Products Partners had a return on equity of 20.38% and a net margin of 9.43%. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $14.74 billion. During the same quarter in the previous year, the business earned $0.52 EPS. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. Analysts anticipate that Enterprise Products Partners L.P. will post 2.5 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st were issued a dividend of $0.49 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.48. The ex-dividend date was Monday, January 30th. This represents a $1.96 annualized dividend and a yield of 7.82%. Enterprise Products Partners’s dividend payout ratio is 78.40%.

About Enterprise Products Partners

(Get Rating)

Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.