Enterprise Products Partners L.P. $EPD is Texas Yale Capital Corp.’s 3rd Largest Position

Texas Yale Capital Corp. lifted its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,817,464 shares of the oil and gas producer’s stock after acquiring an additional 25,621 shares during the period. Enterprise Products Partners makes up 1.8% of Texas Yale Capital Corp.’s portfolio, making the stock its 3rd biggest position. Texas Yale Capital Corp. owned about 0.08% of Enterprise Products Partners worth $56,832,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EPD. Brighton Jones LLC increased its holdings in Enterprise Products Partners by 19.9% in the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock valued at $1,023,000 after purchasing an additional 5,425 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Enterprise Products Partners by 4.2% in the second quarter. Sequoia Financial Advisors LLC now owns 25,682 shares of the oil and gas producer’s stock worth $796,000 after buying an additional 1,034 shares during the period. Harbour Investments Inc. grew its stake in shares of Enterprise Products Partners by 2.1% in the second quarter. Harbour Investments Inc. now owns 31,775 shares of the oil and gas producer’s stock valued at $985,000 after buying an additional 657 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Enterprise Products Partners by 5.0% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 138,898 shares of the oil and gas producer’s stock valued at $4,307,000 after buying an additional 6,552 shares during the period. Finally, Chevy Chase Trust Holdings LLC raised its holdings in shares of Enterprise Products Partners by 13.3% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 8,500 shares of the oil and gas producer’s stock valued at $264,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Trading Up 4.9%

EPD opened at $37.16 on Monday. Enterprise Products Partners L.P. has a 12-month low of $27.77 and a 12-month high of $37.31. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.88 and a quick ratio of 0.60. The stock has a market capitalization of $80.38 billion, a PE ratio of 13.97, a P/E/G ratio of 2.64 and a beta of 0.60. The firm’s fifty day moving average price is $32.94 and its 200 day moving average price is $32.02.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $13.79 billion during the quarter, compared to analyst estimates of $12.44 billion. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.43%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.74 EPS. As a group, research analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners declared that its Board of Directors has approved a share buyback program on Thursday, October 30th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the oil and gas producer to repurchase up to 7.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Enterprise Products Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were issued a $0.55 dividend. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. This represents a $2.20 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Friday, January 30th. Enterprise Products Partners’s dividend payout ratio is presently 82.71%.

Insider Transactions at Enterprise Products Partners

In other news, Director John R. Rutherford purchased 15,000 shares of the stock in a transaction dated Monday, December 29th. The stock was acquired at an average cost of $32.09 per share, for a total transaction of $481,350.00. Following the acquisition, the director owned 173,586 shares of the company’s stock, valued at $5,570,374.74. The trade was a 9.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 32.60% of the stock is owned by insiders.

Analyst Ratings Changes

EPD has been the subject of a number of analyst reports. Scotiabank restated a “sector perform” rating and issued a $37.00 price target (up previously from $35.00) on shares of Enterprise Products Partners in a report on Thursday, February 5th. Raymond James Financial downgraded shares of Enterprise Products Partners from a “strong-buy” rating to an “outperform” rating and set a $36.00 target price for the company. in a research note on Monday, January 5th. Jefferies Financial Group reaffirmed a “hold” rating and set a $34.00 price target on shares of Enterprise Products Partners in a report on Wednesday, February 4th. Citigroup reaffirmed a “buy” rating and set a $39.00 price target (up previously from $36.00) on shares of Enterprise Products Partners in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $32.00 price objective on shares of Enterprise Products Partners in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $36.00.

About Enterprise Products Partners

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.