MADDEN SECURITIES Corp Sells 17,846 Shares of Enterprise Products Partners L.P. $EPD

MADDEN SECURITIES Corp lessened its position in Enterprise Products Partners L.P. (NYSE:EPD) by 28.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,591 shares of the oil and gas producer’s stock after selling 17,846 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Enterprise Products Partners were worth $1,430,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EPD. CIBC Bancorp USA Inc. bought a new position in Enterprise Products Partners in the 3rd quarter worth $292,194,000. Corient Private Wealth LLC raised its holdings in Enterprise Products Partners by 119.4% in the 2nd quarter. Corient Private Wealth LLC now owns 2,414,035 shares of the oil and gas producer’s stock worth $74,859,000 after acquiring an additional 1,313,976 shares during the period. Berkley W R Corp raised its holdings in Enterprise Products Partners by 17.9% in the 3rd quarter. Berkley W R Corp now owns 6,000,000 shares of the oil and gas producer’s stock worth $187,620,000 after acquiring an additional 910,206 shares during the period. Eagle Global Advisors LLC raised its holdings in Enterprise Products Partners by 42.2% in the 3rd quarter. Eagle Global Advisors LLC now owns 2,931,052 shares of the oil and gas producer’s stock worth $91,654,000 after acquiring an additional 870,103 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Enterprise Products Partners by 70.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,495,518 shares of the oil and gas producer’s stock worth $46,765,000 after acquiring an additional 619,014 shares during the period. Institutional investors own 26.07% of the company’s stock.

Insider Transactions at Enterprise Products Partners

In other news, CEO Aj Teague purchased 2,665 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average cost of $37.55 per share, with a total value of $100,070.75. Following the acquisition, the chief executive officer directly owned 77,576 shares of the company’s stock, valued at approximately $2,912,978.80. This trade represents a 3.56% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 32.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on EPD. JPMorgan Chase & Co. lifted their target price on shares of Enterprise Products Partners from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Scotiabank raised their price target on shares of Enterprise Products Partners from $37.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 17th. Barclays raised their price target on shares of Enterprise Products Partners from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Royal Bank Of Canada raised their price target on shares of Enterprise Products Partners from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. Finally, Wells Fargo & Company upgraded shares of Enterprise Products Partners from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $40.00 to $42.00 in a research report on Wednesday, March 25th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $38.93.

Enterprise Products Partners Price Performance

Shares of Enterprise Products Partners stock opened at $37.17 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.74 and a current ratio of 1.04. The firm’s 50-day simple moving average is $37.61 and its 200-day simple moving average is $34.43. Enterprise Products Partners L.P. has a twelve month low of $30.01 and a twelve month high of $39.74. The firm has a market cap of $80.36 billion, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 1.40 and a beta of 0.52.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.03). Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.56%. The firm had revenue of $14.39 billion for the quarter, compared to the consensus estimate of $13.62 billion. During the same period in the prior year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, research analysts expect that Enterprise Products Partners L.P. will post 2.92 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 30th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Thursday, April 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 81.48%.

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.