Virtu Financial LLC Raises Holdings in Enterprise Products Partners L.P. $EPD

Virtu Financial LLC raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 30.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,124 shares of the oil and gas producer’s stock after buying an additional 14,155 shares during the quarter. Virtu Financial LLC’s holdings in Enterprise Products Partners were worth $1,960,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EPD. MV Capital Management Inc. purchased a new position in shares of Enterprise Products Partners in the 4th quarter worth $470,000. Sunbelt Securities Inc. lifted its holdings in shares of Enterprise Products Partners by 0.6% in the 4th quarter. Sunbelt Securities Inc. now owns 227,327 shares of the oil and gas producer’s stock valued at $7,288,000 after acquiring an additional 1,371 shares during the last quarter. Capstone Wealth Management Inc. bought a new position in shares of Enterprise Products Partners in the 4th quarter valued at about $489,000. Mcguire Capital Advisors Inc. purchased a new position in Enterprise Products Partners in the fourth quarter worth about $1,585,000. Finally, TMB Capital Partners LLC purchased a new position in Enterprise Products Partners in the fourth quarter worth about $349,000. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Down 0.0%

Shares of NYSE EPD opened at $36.60 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.91 and a quick ratio of 0.61. The company has a market cap of $79.12 billion, a P/E ratio of 13.56, a PEG ratio of 1.30 and a beta of 0.49. Enterprise Products Partners L.P. has a 1 year low of $30.01 and a 1 year high of $40.17. The firm has a 50-day simple moving average of $37.87 and a two-hundred day simple moving average of $35.81.

Enterprise Products Partners (NYSE:EPD) last announced its 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). The business had revenue of $14.39 billion for the quarter, compared to analysts’ expectations of $13.62 billion. Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS. Research analysts anticipate that Enterprise Products Partners L.P. will post 2.98 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors 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 dividend on an annualized basis and a yield of 6.0%. Enterprise Products Partners’s payout ratio is presently 81.48%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EPD. Citigroup restated a “buy” rating and set a $44.00 price objective (up from $39.00) on shares of Enterprise Products Partners in a research report on Friday, May 1st. Morgan Stanley reiterated an “underweight” rating and issued a $43.00 target price (up from $42.00) on shares of Enterprise Products Partners in a report on Wednesday, May 20th. Stifel Nicolaus increased their price target on Enterprise Products Partners from $41.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. UBS Group restated a “buy” rating and issued a $45.00 price target on shares of Enterprise Products Partners in a research report on Wednesday. Finally, Wolfe Research raised shares of Enterprise Products Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Nine research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.94.

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.