Enterprise Products Partners L.P. $EPD Shares Newly Purchased by Ulrich Consultants & Investment Group LLC

Ulrich Consultants & Investment Group LLC acquired a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD – Free Report) during the third quarter, Holdings Channel reports. The firm acquired 36,926 shares of the oil and gas producer’s stock, valued at approximately $1,315,000. Enterprise Products Partners comprises 1.4% of Ulrich Consultants & Investment Group LLC’s investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of EPD. Auto Owners Insurance Co lifted its holdings in Enterprise Products Partners by 3,106.0% in the 4th quarter. Auto Owners Insurance Co now owns 32,060,000 shares of the oil and gas producer’s stock valued at $102,784,000 after acquiring an additional 31,060,000 shares during the last quarter. Energy Income Partners LLC acquired a new stake in Enterprise Products Partners during the 2nd quarter valued at $508,461,000. Bank of America Corp DE acquired a new position in Enterprise Products Partners during the second quarter valued at $416,553,000. BlackRock Inc. purchased a new stake in shares of Enterprise Products Partners in the second quarter worth approximately $255,325,000. Finally, Berkley W R Corp acquired a new stake in shares of Enterprise Products Partners during the second quarter worth approximately $250,887,000. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on EPD shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $42.00 target price on shares of Enterprise Products Partners in a research report on Tuesday, September 22nd. Wall Street Zen lowered shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 3rd. Capital One Financial initiated coverage on Enterprise Products Partners in a report on Tuesday, September 22nd. They set an “equal weight” rating and a $42.00 target price on the stock. TD Cowen reissued 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, August 3rd. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $38.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, June 17th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.12.

View Our Latest Report on Enterprise Products Partners

Enterprise Products Partners Trading Up 0.5%

Shares of Enterprise Products Partners stock opened at $36.09 on Wednesday. The company’s fifty day moving average price is $37.98 and its two-hundred day moving average price is $37.88. The firm has a market capitalization of $77.92 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.32 and a beta of 0.50. Enterprise Products Partners L.P. has a 52-week low of $30.01 and a 52-week high of $40.17. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.93 and a quick ratio of 0.66.

Enterprise Products Partners (NYSE:EPD – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Enterprise Products Partners had a return on equity of 20.67% and a net margin of 10.79%. The firm had revenue of $18.27 billion for the quarter, compared to analysts’ expectations of $13.69 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The business’s revenue was up 60.8% compared to the same quarter last year. On average, analysts expect that Enterprise Products Partners L.P. will post 3.02 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, October 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 77.78%.

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About Enterprise Products Partners

(Free Report)

Enterprise Products Partners L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure in the United States. The company transports, stores, processes and exports oil, natural gas, natural gas liquids (NGLs), refined products and petrochemicals.

Its operations include pipelines, natural gas processing plants, NGL fractionation facilities, underground storage, marine terminals and export infrastructure. Enterprise serves producers, refiners, petrochemical manufacturers, utilities and other energy customers by connecting major producing regions with domestic and international markets.

Enterprise Products Partners was founded in 1968 and is headquartered in Houston, Texas.

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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