Asset Planning Services Inc. LA ADV Sells 1,340 Shares of Enterprise Products Partners L.P. $EPD

Asset Planning Services Inc. LA ADV trimmed its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,290 shares of the oil and gas producer’s stock after selling 1,340 shares during the period. Enterprise Products Partners accounts for 2.2% of Asset Planning Services Inc. LA ADV’s portfolio, making the stock its 22nd largest holding. Asset Planning Services Inc. LA ADV’s holdings in Enterprise Products Partners were worth $4,414,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of EPD. Brooklyn Investment Group bought a new stake in shares of Enterprise Products Partners in the first quarter worth about $27,000. Wealth Preservation Advisors LLC purchased a new position in shares of Enterprise Products Partners during the 1st quarter worth about $28,000. Security National Bank purchased a new position in shares of Enterprise Products Partners during the 1st quarter worth about $30,000. Alpine Bank Wealth Management purchased a new position in shares of Enterprise Products Partners during the 1st quarter worth about $31,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Enterprise Products Partners in the 1st quarter valued at about $34,000. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Stock Performance

EPD opened at $31.93 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.96 and a debt-to-equity ratio of 1.04. The company has a market cap of $69.14 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.98 and a beta of 0.69. Enterprise Products Partners L.P. has a 52-week low of $27.77 and a 52-week high of $34.63. The firm’s fifty day simple moving average is $31.55 and its two-hundred day simple moving average is $31.67.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Monday, July 28th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $15.24 billion. Enterprise Products Partners had a net margin of 10.71% and a return on equity of 19.81%. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 earnings per share. Equities analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st were given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 6.8%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.54. The ex-dividend date was Thursday, July 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 81.04%.

Insider Transactions at Enterprise Products Partners

In other news, Director William C. Montgomery acquired 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The stock was purchased at an average cost of $31.55 per share, for a total transaction of $504,800.00. Following the completion of the transaction, the director owned 136,920 shares in the company, valued at approximately $4,319,826. This trade represents a 13.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John R. Rutherford acquired 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average price of $31.35 per share, with a total value of $470,250.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. 32.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lowered their price objective 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. Scotiabank boosted their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 5th. Mizuho set a $38.00 price objective on shares of Enterprise Products Partners and gave the stock an “outperform” rating in a research note on Friday, July 11th. Morgan Stanley cut their price target on shares of Enterprise Products Partners from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 26th. Finally, TD Cowen began coverage on shares of Enterprise Products Partners in a research note on Monday, July 7th. They set a “hold” rating and a $33.00 price target on the stock. Two 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.83.

Enterprise Products Partners Profile

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.