Enterprise Products Partners L.P. $EPD Holdings Lifted by Investment Management Associates Inc. ADV

Investment Management Associates Inc. ADV increased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 534,405 shares of the oil and gas producer’s stock after buying an additional 4,298 shares during the quarter. Enterprise Products Partners accounts for approximately 5.5% of Investment Management Associates Inc. ADV’s holdings, making the stock its 8th biggest position. Investment Management Associates Inc. ADV’s holdings in Enterprise Products Partners were worth $16,572,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EPD. Brighton Jones LLC grew its holdings in shares of Enterprise Products Partners by 19.9% during the fourth quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock valued at $1,023,000 after buying an additional 5,425 shares in the last quarter. Koshinski Asset Management Inc. grew its holdings in shares of Enterprise Products Partners by 27.7% during the first quarter. Koshinski Asset Management Inc. now owns 9,270 shares of the oil and gas producer’s stock valued at $316,000 after buying an additional 2,012 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in shares of Enterprise Products Partners during the first quarter valued at $39,000. Mather Group LLC. grew its holdings in shares of Enterprise Products Partners by 2.1% during the first quarter. Mather Group LLC. now owns 26,829 shares of the oil and gas producer’s stock valued at $916,000 after buying an additional 557 shares in the last quarter. Finally, Clear Creek Financial Management LLC grew its holdings in shares of Enterprise Products Partners by 48.1% during the first quarter. Clear Creek Financial Management LLC now owns 15,473 shares of the oil and gas producer’s stock valued at $528,000 after buying an additional 5,028 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Scotiabank lowered their target price on Enterprise Products Partners from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Products Partners in a research note on Wednesday, October 8th. Stifel Nicolaus lowered their target price on Enterprise Products Partners from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, July 29th. TD Cowen assumed coverage on Enterprise Products Partners in a research note on Monday, July 7th. They issued a “hold” rating and a $33.00 target price on the stock. Finally, Mizuho set a $38.00 target price on Enterprise Products Partners and gave the company an “outperform” rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.82.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD opened at $31.10 on Thursday. Enterprise Products Partners L.P. has a fifty-two week low of $27.77 and a fifty-two week high of $34.63. The business has a 50-day moving average of $31.44 and a two-hundred day moving average of $31.33. The stock has a market capitalization of $67.33 billion, a P/E ratio of 11.56, a P/E/G ratio of 2.23 and a beta of 0.64. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.96 and a quick ratio of 0.69.

Enterprise Products Partners (NYSE:EPD) last announced 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 return on equity of 19.81% and a net margin of 10.71%.The company had revenue of $11.36 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same period in the prior year, the firm earned $0.64 EPS. Enterprise Products Partners’s quarterly revenue was down 15.7% on a year-over-year basis. On average, equities research analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a $0.545 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 7.0%. Enterprise Products Partners’s payout ratio is currently 81.04%.

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.