Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 1.1% in the first quarter, Holdings Channel reports. The fund owned 10,906,425 shares of the oil and gas producer’s stock after selling 121,916 shares during the period. Enterprise Products Partners accounts for approximately 5.5% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s investment portfolio, making the stock its 3rd largest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Enterprise Products Partners were worth $317,377,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Nalls Sherbakoff Group LLC acquired a new stake in shares of Enterprise Products Partners during the 4th quarter worth approximately $25,000. Ffcm LLC increased its holdings in shares of Enterprise Products Partners by 50.0% during the 4th quarter. Ffcm LLC now owns 1,245 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 415 shares during the last quarter. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Enterprise Products Partners during the 4th quarter worth approximately $31,000. Essex Savings Bank acquired a new stake in shares of Enterprise Products Partners during the 4th quarter worth approximately $32,000. Finally, PRW Wealth Management LLC acquired a new stake in shares of Enterprise Products Partners during the 4th quarter worth approximately $32,000. Institutional investors own 36.74% of the company’s stock.
NYSE:EPD opened at $28.58 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.58. The company has a market cap of $61.76 billion, a P/E ratio of 14.73, a P/E/G ratio of 3.47 and a beta of 0.95. Enterprise Products Partners L.P. has a fifty-two week low of $23.33 and a fifty-two week high of $30.05.
Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. The firm had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $9.23 billion. Enterprise Products Partners had a net margin of 12.67% and a return on equity of 19.50%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS. As a group, equities analysts forecast that Enterprise Products Partners L.P. will post 2.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Tuesday, April 30th were given a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 6.12%. The ex-dividend date was Monday, April 29th. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.44. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 90.21%.
A number of analysts have recently issued reports on EPD shares. Bank of America set a $32.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a report on Tuesday, January 29th. Zacks Investment Research upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Wednesday, February 13th. Goldman Sachs Group upgraded shares of Enterprise Products Partners from a “neutral” rating to a “buy” rating and raised their price target for the stock from $30.00 to $32.00 in a report on Tuesday, April 2nd. Finally, Evercore ISI started coverage on shares of Enterprise Products Partners in a report on Tuesday, February 5th. They set an “outperform” rating for the company. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $33.27.
Enterprise Products Partners Profile
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
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