Enterprise Products Partners L.P. $EPD Shares Bought by SailingStone Capital Partners LLC

SailingStone Capital Partners LLC grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 18.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,150,631 shares of the oil and gas producer’s stock after buying an additional 181,356 shares during the quarter. Enterprise Products Partners comprises about 9.2% of SailingStone Capital Partners LLC’s holdings, making the stock its 4th biggest position. SailingStone Capital Partners LLC’s holdings in Enterprise Products Partners were worth $36,889,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in EPD. PMV Capital Advisers LLC acquired a new stake in Enterprise Products Partners during the 4th quarter valued at $25,000. Palisade Asset Management LLC acquired a new stake in Enterprise Products Partners during the 3rd quarter valued at $31,000. Texas Capital Bancshares Inc TX acquired a new stake in Enterprise Products Partners during the 3rd quarter valued at $32,000. Daytona Street Capital LLC acquired a new stake in Enterprise Products Partners during the 4th quarter valued at $42,000. Finally, Groesbeck Investment Management Corp NJ acquired a new stake in Enterprise Products Partners during the 4th quarter valued at $45,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Trading Down 0.0%

Enterprise Products Partners stock opened at $36.49 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.91 and a quick ratio of 0.61. The company has a market capitalization of $78.88 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.30 and a beta of 0.49. Enterprise Products Partners L.P. has a one year low of $30.01 and a one year high of $40.17. The company’s fifty day moving average price is $37.96 and its two-hundred day moving average price is $35.75.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Monday, April 27th. The oil and gas producer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.03). The business had revenue of $14.39 billion for the quarter, compared to analyst estimates of $13.62 billion. Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The company’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 earnings per share. On average, analysts forecast that Enterprise Products Partners L.P. will post 2.98 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Thursday, April 30th. Enterprise Products Partners’s dividend payout ratio is presently 81.48%.

Wall Street Analysts Forecast Growth

EPD has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “neutral” rating on shares of Enterprise Products Partners in a research note on Wednesday. TD Cowen reaffirmed a “hold” rating and issued a $38.00 price target (up from $34.00) on shares of Enterprise Products Partners in a research note on Thursday, April 16th. Citigroup reaffirmed a “buy” rating and issued a $44.00 price target (up from $39.00) on shares of Enterprise Products Partners in a research note on Friday, May 1st. Weiss Ratings raised shares of Enterprise Products Partners from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price target on shares of Enterprise Products Partners from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.67.

Insider Buying and Selling

In other Enterprise Products Partners news, CEO Aj Teague bought 2,665 shares of the stock in a transaction on Friday, March 20th. The shares were purchased at an average cost of $37.55 per share, with a total value of $100,070.75. Following the completion of the transaction, the chief executive officer directly owned 77,576 shares of the company’s stock, valued at $2,912,978.80. This represents a 3.56% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 32.60% of the stock is owned by insiders.

Enterprise Products Partners Profile

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.