Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by Creative Planning

Creative Planning increased its position in Enterprise Products Partners L.P. (NYSE:EPDGet Rating) by 4.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 717,514 shares of the oil and gas producer’s stock after acquiring an additional 31,354 shares during the period. Creative Planning’s holdings in Enterprise Products Partners were worth $17,486,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. raised its holdings in Enterprise Products Partners by 4.7% in the 1st quarter. BlackRock Inc. now owns 25,050,292 shares of the oil and gas producer’s stock valued at $646,548,000 after acquiring an additional 1,114,690 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of Enterprise Products Partners by 2.8% in the first quarter. Neuberger Berman Group LLC now owns 18,451,802 shares of the oil and gas producer’s stock valued at $476,241,000 after purchasing an additional 501,154 shares during the period. American Century Companies Inc. increased its stake in Enterprise Products Partners by 57.5% in the first quarter. American Century Companies Inc. now owns 15,180,587 shares of the oil and gas producer’s stock valued at $391,811,000 after purchasing an additional 5,543,237 shares during the last quarter. FMR LLC lifted its position in Enterprise Products Partners by 1.5% during the second quarter. FMR LLC now owns 12,779,225 shares of the oil and gas producer’s stock worth $311,430,000 after buying an additional 194,468 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in Enterprise Products Partners by 12.5% in the 1st quarter. Clearbridge Investments LLC now owns 11,888,708 shares of the oil and gas producer’s stock worth $306,848,000 after buying an additional 1,323,267 shares during the last quarter. Hedge funds and other institutional investors own 27.29% of the company’s stock.

Enterprise Products Partners Stock Performance

Shares of EPD stock opened at $23.86 on Friday. The company’s fifty day simple moving average is $24.81 and its 200-day simple moving average is $25.54. The company has a current ratio of 0.86, a quick ratio of 0.61 and a debt-to-equity ratio of 0.97. Enterprise Products Partners L.P. has a 52 week low of $20.42 and a 52 week high of $28.65. The company has a market cap of $51.91 billion, a PE ratio of 10.28 and a beta of 1.12.

Enterprise Products Partners (NYSE:EPDGet Rating) last released its quarterly earnings data on Tuesday, November 1st. The oil and gas producer reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $15.47 billion for the quarter, compared to analyst estimates of $13.85 billion. Enterprise Products Partners had a return on equity of 19.59% and a net margin of 9.12%. As a group, equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.47 EPS for the current year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, October 31st were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 7.96%. The ex-dividend date of this dividend was Friday, October 28th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 81.90%.

Analysts Set New Price Targets

A number of research firms have recently commented on EPD. Tudor, Pickering, Holt & Co. downgraded shares of Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a research note on Tuesday, October 18th. StockNews.com began coverage on shares of Enterprise Products Partners in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Citigroup initiated coverage on shares of Enterprise Products Partners in a report on Thursday. They issued a “buy” rating and a $31.00 price target on the stock. Finally, Tudor Pickering downgraded Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a report on Tuesday, October 18th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Insiders Place Their Bets

In other news, Director John R. Rutherford acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were bought at an average price of $24.88 per share, for a total transaction of $248,800.00. Following the completion of the purchase, the director now directly owns 123,941 shares of the company’s stock, valued at approximately $3,083,652.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 32.60% of the stock is owned by company insiders.

About Enterprise Products Partners

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding EPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Products Partners L.P. (NYSE:EPDGet Rating).

Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

Receive News & Ratings for Enterprise Products Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners and related companies with MarketBeat.com's FREE daily email newsletter.