Enterprise Products Partners L.P. $EPD Stock Holdings Boosted by Howard Financial Services LTD.

by · The Cerbat Gem

Howard Financial Services LTD. lifted its position in shares of Enterprise Products Partners L.P. (NYSE:EPDFree Report) by 23.9% in the 2nd quarter, Holdings Channel reports. The fund owned 115,985 shares of the oil and gas producer’s stock after buying an additional 22,354 shares during the period. Howard Financial Services LTD.’s holdings in Enterprise Products Partners were worth $3,597,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Harbor Investment Advisory LLC grew its position in shares of Enterprise Products Partners by 9.5% during the second quarter. Harbor Investment Advisory LLC now owns 16,163 shares of the oil and gas producer’s stock worth $501,000 after acquiring an additional 1,403 shares during the last quarter. BROOKFIELD Corp ON grew its position in shares of Enterprise Products Partners by 2.8% during the first quarter. BROOKFIELD Corp ON now owns 4,698,769 shares of the oil and gas producer’s stock worth $160,416,000 after acquiring an additional 128,545 shares during the last quarter. Ellsworth Advisors LLC grew its position in shares of Enterprise Products Partners by 705.0% during the first quarter. Ellsworth Advisors LLC now owns 185,323 shares of the oil and gas producer’s stock worth $6,327,000 after acquiring an additional 162,301 shares during the last quarter. Advisors Capital Management LLC grew its position in shares of Enterprise Products Partners by 3.9% during the first quarter. Advisors Capital Management LLC now owns 13,250 shares of the oil and gas producer’s stock worth $452,000 after acquiring an additional 500 shares during the last quarter. Finally, Rollins Financial Advisors LLC grew its position in shares of Enterprise Products Partners by 6.9% during the first quarter. Rollins Financial Advisors LLC now owns 146,381 shares of the oil and gas producer’s stock worth $4,997,000 after acquiring an additional 9,471 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

Shares of NYSE EPD opened at $31.75 on Friday. Enterprise Products Partners L.P. has a twelve month low of $27.77 and a twelve month high of $34.63. 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 has a market capitalization of $68.75 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 2.00 and a beta of 0.69. The firm has a 50-day moving average of $31.56 and a two-hundred day moving average of $31.66.

Enterprise Products Partners (NYSE:EPDGet Free Report) last issued its quarterly earnings results on Monday, July 28th. The oil and gas producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Enterprise Products Partners had a net margin of 10.71% and a return on equity of 19.81%. The business had revenue of $11.36 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same period in the previous year, the company posted $0.64 earnings per share. Enterprise Products Partners’s revenue was down 15.7% compared to the same quarter last year. As a group, analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st were issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Thursday, July 31st. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.54. Enterprise Products Partners’s dividend payout ratio is currently 81.04%.

Insider Transactions at Enterprise Products Partners

In other Enterprise Products Partners news, Director John R. Rutherford purchased 15,000 shares of the business’s stock in a transaction on 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 acquisition, the director owned 158,586 shares of the company’s stock, valued at $4,971,671.10. The trade was a 10.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William C. Montgomery purchased 16,000 shares of the business’s stock in a transaction on Wednesday, July 30th. The stock was acquired at an average cost of $31.55 per share, with a total value 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays lowered their price target on shares of Enterprise Products Partners from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, July 2nd. Morgan Stanley decreased their target price on shares of Enterprise Products Partners from $35.00 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 26th. Scotiabank increased their target price on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Thursday, June 5th. Mizuho set a $38.00 target price on shares of Enterprise Products Partners and gave the company an “outperform” rating in a research report on Friday, July 11th. Finally, Stifel Nicolaus decreased their target price on shares of Enterprise Products Partners from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.83.

View Our Latest Report on Enterprise Products Partners

Enterprise Products Partners Company Profile

(Free Report)

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.

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