Bogart Wealth LLC Acquires 515 Shares of Enterprise Products Partners L.P. $EPD

Bogart Wealth LLC boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 42,790 shares of the oil and gas producer’s stock after buying an additional 515 shares during the period. Bogart Wealth LLC’s holdings in Enterprise Products Partners were worth $1,327,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Brooklyn Investment Group bought a new stake in shares of Enterprise Products Partners during the first quarter worth $27,000. Wealth Preservation Advisors LLC acquired a new position in Enterprise Products Partners in the 1st quarter worth $28,000. Security National Bank bought a new position in Enterprise Products Partners during the 1st quarter worth about $30,000. Alpine Bank Wealth Management acquired a new stake in shares of Enterprise Products Partners in the 1st quarter valued at about $31,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of Enterprise Products Partners in the second quarter valued at about $29,000. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

Shares of EPD opened at $30.72 on Tuesday. The company has a market cap of $66.51 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 2.15 and a beta of 0.64. The company has a current ratio of 0.96, a quick ratio of 0.69 and a debt-to-equity ratio of 1.04. The company’s fifty day simple moving average is $31.51 and its 200 day simple moving average is $31.24. Enterprise Products Partners L.P. has a 1-year low of $27.77 and a 1-year high of $34.63.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Monday, July 28th. The oil and gas producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $15.24 billion. Enterprise Products Partners had a net margin of 10.71% and a return on equity of 19.81%. The business’s revenue was down 15.7% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS. On average, research analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a $0.545 dividend. The ex-dividend date is Friday, October 31st. This represents a $2.18 annualized dividend and a yield of 7.1%. Enterprise Products Partners’s dividend payout ratio is currently 81.04%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EPD shares. Barclays decreased their price objective on Enterprise Products Partners from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, July 2nd. Mizuho set a $38.00 price target on shares of Enterprise Products Partners and gave the stock an “outperform” rating in a research note on Friday, July 11th. Stifel Nicolaus cut their price objective on shares of Enterprise Products Partners from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, July 29th. TD Cowen started coverage on shares of Enterprise Products Partners in a report on Monday, July 7th. They set a “hold” rating and a $33.00 target price for the company. Finally, Morgan Stanley lowered their price target on shares of Enterprise Products Partners from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Enterprise Products Partners presently has a consensus rating of “Moderate Buy” and an average target price of $35.82.

Insider Activity at Enterprise Products Partners

In other Enterprise Products Partners news, Director John R. Rutherford acquired 15,000 shares of the business’s stock in a transaction dated Tuesday, July 29th. The stock was bought at an average cost of $31.35 per share, with a total value of $470,250.00. Following the completion of the transaction, the director directly owned 158,586 shares in the company, valued at approximately $4,971,671.10. This represents a 10.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William C. Montgomery bought 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The shares were acquired at an average cost of $31.55 per share, for a total transaction of $504,800.00. Following the completion of the acquisition, the director directly owned 136,920 shares in the company, valued at $4,319,826. The trade was a 13.23% increase in their position. The disclosure for this purchase can be found here. 32.60% of the stock is owned by corporate insiders.

Enterprise Products Partners Company 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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.