Johnson Financial Group LLC Buys Shares of 20,655 Enterprise Products Partners L.P. $EPD

Johnson Financial Group LLC purchased a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPDFree Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 20,655 shares of the oil and gas producer’s stock, valued at approximately $662,000.

Several other institutional investors have also modified their holdings of the company. PMV Capital Advisers LLC acquired a new stake in shares of Enterprise Products Partners in the 4th quarter worth approximately $25,000. Palisade Asset Management LLC acquired a new position in Enterprise Products Partners during the third quarter worth $31,000. Abich Financial Wealth Management LLC purchased a new stake in Enterprise Products Partners during the third quarter worth $32,000. Texas Capital Bancshares Inc TX purchased a new stake in Enterprise Products Partners during the third quarter worth $32,000. Finally, Daytona Street Capital LLC acquired a new stake in Enterprise Products Partners in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Insider Buying and Selling at Enterprise Products Partners

In related news, CEO Aj Teague acquired 2,665 shares of the stock in a transaction dated 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 purchase, the chief executive officer directly owned 77,576 shares of the company’s stock, valued at approximately $2,912,978.80. This represents a 3.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 32.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Citigroup reaffirmed a “buy” rating and set a $44.00 price target (up from $39.00) on shares of Enterprise Products Partners in a research note on Friday, May 1st. Morgan Stanley restated an “underweight” rating and set a $43.00 target price (up from $42.00) on shares of Enterprise Products Partners in a research report on Wednesday, May 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $39.00 price target on shares of Enterprise Products Partners in a research report on Thursday, May 14th. Barclays raised their price objective on shares of Enterprise Products Partners from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, Scotiabank restated a “sector perform” rating and set a $40.00 price objective (up from $39.00) on shares of Enterprise Products Partners in a research report on Tuesday, May 12th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.67.

Check Out Our Latest Report on EPD

Enterprise Products Partners Stock Performance

Shares of EPD opened at $38.04 on Thursday. Enterprise Products Partners L.P. has a 1 year low of $30.01 and a 1 year high of $40.17. The company has a market capitalization of $82.22 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 1.34 and a beta of 0.49. The company’s 50 day simple moving average is $38.14 and its 200 day simple moving average is $35.42. 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 (NYSE:EPDGet Free Report) last announced its quarterly earnings data on Monday, April 27th. The oil and gas producer reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. The business had revenue of $14.39 billion during the quarter, compared to analysts’ expectations of $13.62 billion. During the same period in the prior year, the firm earned $0.64 EPS. Enterprise Products Partners’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.98 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were paid a dividend of $0.55 per share. 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 5.8%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 81.48%.

Enterprise Products Partners News Roundup

Here are the key news stories impacting Enterprise Products Partners this week:

About Enterprise Products Partners

(Free Report)

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.

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:EPDFree Report).

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.