Teamwork Financial Advisors LLC Has $3.47 Million Holdings in Enterprise Products Partners L.P. $EPD

Teamwork Financial Advisors LLC decreased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,389 shares of the oil and gas producer’s stock after selling 16,071 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Enterprise Products Partners were worth $3,470,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Palisade Asset Management LLC bought a new stake in shares of Enterprise Products Partners during the 3rd quarter worth approximately $31,000. Kestra Investment Management LLC bought a new position in Enterprise Products Partners in the second quarter valued at approximately $48,000. State of Wyoming bought a new position in Enterprise Products Partners in the second quarter valued at approximately $54,000. Tucker Asset Management LLC acquired a new position in Enterprise Products Partners during the fourth quarter valued at approximately $55,000. Finally, Entrust Financial LLC bought a new stake in Enterprise Products Partners during the fourth quarter worth $59,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EPD has been the topic of a number of research analyst reports. Wall Street Zen raised Enterprise Products Partners from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley set a $40.00 price target on Enterprise Products Partners and gave the stock an “underweight” rating in a report on Tuesday, July 21st. TD Cowen reaffirmed a “hold” rating and issued a $38.00 price objective (down from $39.00) on shares of Enterprise Products Partners in a research note on Monday. Weiss Ratings cut Enterprise Products Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Enterprise Products Partners from $41.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.93.

Enterprise Products Partners Stock Performance

NYSE EPD opened at $37.79 on Friday. The firm’s fifty day moving average price is $37.54 and its two-hundred day moving average price is $37.16. The stock has a market cap of $81.70 billion, a PE ratio of 13.12, a PEG ratio of 1.37 and a beta of 0.49. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.91. Enterprise Products Partners L.P. has a fifty-two week low of $30.01 and a fifty-two week high of $40.17.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Enterprise Products Partners had a return on equity of 20.80% and a net margin of 10.79%.The company had revenue of $18.27 billion during the quarter, compared to analysts’ expectations of $13.69 billion. During the same period in the prior year, the company earned $0.66 EPS. Enterprise Products Partners’s revenue was up 60.8% compared to the same quarter last year. On average, equities analysts expect that Enterprise Products Partners L.P. will post 2.96 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a $0.56 dividend. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.55. This represents a $2.24 annualized dividend and a yield of 5.9%. The ex-dividend date is Friday, July 31st. Enterprise Products Partners’s dividend payout ratio is 77.78%.

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.