Enterprise Products Partners L.P. $EPD Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 57.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 464,128 shares of the oil and gas producer’s stock after acquiring an additional 169,535 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Enterprise Products Partners were worth $14,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Fulcrum Asset Management LLP boosted its stake in Enterprise Products Partners by 16.1% in the fourth quarter. Fulcrum Asset Management LLP now owns 16,733 shares of the oil and gas producer’s stock valued at $537,000 after acquiring an additional 2,320 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Enterprise Products Partners by 7.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,510,036 shares of the oil and gas producer’s stock valued at $144,592,000 after acquiring an additional 327,807 shares in the last quarter. AM Investment Strategies LLC boosted its stake in Enterprise Products Partners by 1.5% in the fourth quarter. AM Investment Strategies LLC now owns 122,749 shares of the oil and gas producer’s stock valued at $3,935,000 after acquiring an additional 1,837 shares in the last quarter. Avantax Planning Partners Inc. boosted its stake in Enterprise Products Partners by 2.5% in the fourth quarter. Avantax Planning Partners Inc. now owns 42,070 shares of the oil and gas producer’s stock valued at $1,349,000 after acquiring an additional 1,026 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its stake in Enterprise Products Partners by 18.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 30,316 shares of the oil and gas producer’s stock valued at $972,000 after acquiring an additional 4,808 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Insider Transactions at Enterprise Products Partners

In related news, CEO Aj Teague bought 2,665 shares of the company’s stock in a transaction on Friday, March 20th. The stock was bought at an average cost of $37.55 per share, with a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 32.60% of the company’s stock.

Enterprise Products Partners Trading Down 1.0%

NYSE EPD opened at $39.41 on Thursday. The stock has a market capitalization of $85.19 billion, a P/E ratio of 14.60, a P/E/G ratio of 1.48 and a beta of 0.52. Enterprise Products Partners L.P. has a 52-week low of $30.01 and a 52-week high of $40.17. The firm has a 50-day moving average price of $37.95 and a 200 day moving average price of $34.91. The company has a quick ratio of 0.61, a current ratio of 0.91 and a debt-to-equity ratio of 1.03.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly 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 firm had revenue of $14.39 billion for the quarter, compared to analysts’ expectations of $13.62 billion. Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 earnings per share. Equities research analysts expect that Enterprise Products Partners L.P. will post 2.95 EPS for the current year.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.20 dividend on an annualized basis and a yield of 5.6%. Enterprise Products Partners’s dividend payout ratio (DPR) is 81.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EPD shares. Wells Fargo & Company raised shares of Enterprise Products Partners from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $40.00 to $42.00 in a report on Wednesday, March 25th. UBS Group reaffirmed a “buy” rating on shares of Enterprise Products Partners in a report on Wednesday, March 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $39.00 target price on shares of Enterprise Products Partners in a report on Thursday, May 14th. Barclays upped their target price on shares of Enterprise Products Partners from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Products Partners in a report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.