SageGuard Financial Group LLC Purchases New Position in Enterprise Products Partners L.P. $EPD

SageGuard Financial Group LLC purchased a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,849 shares of the oil and gas producer’s stock, valued at approximately $572,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Energy Income Partners LLC lifted its holdings in Enterprise Products Partners by 0.6% during the 3rd quarter. Energy Income Partners LLC now owns 14,705,122 shares of the oil and gas producer’s stock valued at $459,829,000 after purchasing an additional 80,884 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Enterprise Products Partners by 1.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,570,499 shares of the oil and gas producer’s stock valued at $361,810,000 after purchasing an additional 214,995 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in Enterprise Products Partners during the 3rd quarter valued at about $292,194,000. Berkley W R Corp lifted its holdings in Enterprise Products Partners by 17.9% during the 3rd quarter. Berkley W R Corp now owns 6,000,000 shares of the oil and gas producer’s stock valued at $187,620,000 after purchasing an additional 910,206 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in Enterprise Products Partners by 8.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,182,229 shares of the oil and gas producer’s stock valued at $130,778,000 after purchasing an additional 331,066 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Insider Activity at Enterprise Products Partners

In other Enterprise Products Partners news, CEO Aj Teague purchased 2,665 shares of the stock in a transaction dated Friday, March 20th. The stock was bought at an average price of $37.55 per share, for a total transaction of $100,070.75. Following the transaction, the chief executive officer directly owned 77,576 shares in the company, valued at $2,912,978.80. This represents a 3.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 32.60% of the stock is currently owned by corporate insiders.

Enterprise Products Partners Trading Up 0.6%

EPD opened at $36.90 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.74 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $79.78 billion, a PE ratio of 13.87, a PEG ratio of 1.41 and a beta of 0.55. Enterprise Products Partners L.P. has a 1-year low of $29.66 and a 1-year high of $39.74. The firm has a 50-day moving average price of $37.19 and a two-hundred day moving average price of $33.88.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. The firm had revenue of $13.79 billion during the quarter, compared to analysts’ expectations of $12.44 billion. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.33%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 EPS. As a group, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.85 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, April 30th. This represents a $2.20 annualized dividend and a dividend yield of 6.0%. Enterprise Products Partners’s payout ratio is currently 82.71%.

Analysts Set New Price Targets

Several brokerages recently issued reports on EPD. Citigroup reissued a “buy” rating and set a $39.00 price target (up from $36.00) on shares of Enterprise Products Partners in a report on Wednesday, February 4th. Jefferies Financial Group raised their price objective on shares of Enterprise Products Partners from $34.00 to $40.00 and gave the company a “hold” rating in a research report on Tuesday, March 31st. Wall Street Zen upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a research report on Monday, April 6th. TD Cowen restated a “hold” rating and issued a $38.00 price objective (up from $34.00) on shares of Enterprise Products Partners in a research report on Thursday. Finally, Royal Bank Of Canada raised their price objective on shares of Enterprise Products Partners from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.27.

Enterprise Products Partners 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.