IFP Advisors Inc Purchases 31,362 Shares of Enterprise Products Partners L.P. $EPD

IFP Advisors Inc grew its position in Enterprise Products Partners L.P. (NYSE:EPD) by 81.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,655 shares of the oil and gas producer’s stock after purchasing an additional 31,362 shares during the quarter. IFP Advisors Inc’s holdings in Enterprise Products Partners were worth $2,233,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Miller Howard Investments Inc. NY lifted its position in shares of Enterprise Products Partners by 1.0% during the 4th quarter. Miller Howard Investments Inc. NY now owns 3,112,119 shares of the oil and gas producer’s stock valued at $99,775,000 after acquiring an additional 31,733 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Enterprise Products Partners by 3.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,252,088 shares of the oil and gas producer’s stock valued at $39,153,000 after acquiring an additional 36,339 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Enterprise Products Partners by 20.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 229,911 shares of the oil and gas producer’s stock valued at $7,189,000 after acquiring an additional 38,660 shares during the period. Victory Capital Management Inc. lifted its position in shares of Enterprise Products Partners by 70.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,495,518 shares of the oil and gas producer’s stock valued at $46,765,000 after acquiring an additional 619,014 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in shares of 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 acquiring an additional 331,066 shares during the period. 26.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Enterprise Products Partners news, CEO Aj Teague acquired 2,665 shares of the stock in a transaction on Friday, March 20th. The shares were purchased at an average price of $37.55 per share, for a total transaction of $100,070.75. Following the completion of the acquisition, the chief executive officer owned 77,576 shares in the company, valued at approximately $2,912,978.80. This represents a 3.56% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 32.60% of the company’s stock.

Enterprise Products Partners Stock Performance

EPD opened at $39.55 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.61 and a debt-to-equity ratio of 1.03. The company’s fifty day moving average price is $38.05 and its two-hundred day moving average price is $35.01. Enterprise Products Partners L.P. has a 1-year low of $30.01 and a 1-year high of $40.17. The company has a market cap of $85.49 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 1.47 and a beta of 0.52.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.03). Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The business had revenue of $14.39 billion for the quarter, compared to analyst estimates of $13.62 billion. During the same quarter in the previous year, the company posted $0.64 EPS. The business’s quarterly revenue was down 6.7% on a year-over-year basis. On average, analysts expect that Enterprise Products Partners L.P. will post 2.95 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, April 30th. This represents a $2.20 annualized dividend and a yield of 5.6%. Enterprise Products Partners’s dividend payout ratio is presently 81.48%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EPD shares. Royal Bank Of Canada boosted their target price 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. Jefferies Financial Group boosted their target price 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. UBS Group reiterated a “buy” rating on shares of Enterprise Products Partners in a research report on Wednesday, March 4th. Citigroup reiterated a “buy” rating and set a $44.00 target price (up from $39.00) on shares of Enterprise Products Partners in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Enterprise Products Partners from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Enterprise Products Partners has an average rating of “Hold” and a consensus price target of $39.67.

Enterprise Products Partners Company 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.