KKM Financial LLC Buys 22,603 Shares of Enterprise Products Partners L.P. $EPD

KKM Financial LLC lifted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 22.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,002 shares of the oil and gas producer’s stock after purchasing an additional 22,603 shares during the quarter. KKM Financial LLC’s holdings in Enterprise Products Partners were worth $3,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of EPD. Winnow Wealth LLC purchased a new position in Enterprise Products Partners in the second quarter worth about $28,000. Traub Capital Management LLC bought a new stake in shares of Enterprise Products Partners during the second quarter valued at approximately $31,000. Abich Financial Wealth Management LLC bought a new stake in shares of Enterprise Products Partners during the third quarter valued at approximately $32,000. Texas Capital Bancshares Inc TX purchased a new position in Enterprise Products Partners in the 3rd quarter worth approximately $32,000. Finally, Financial Consulate Inc. bought a new position in Enterprise Products Partners in the 3rd quarter valued at approximately $33,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners Trading Up 1.1%

Shares of Enterprise Products Partners stock opened at $37.01 on Monday. Enterprise Products Partners L.P. has a 1-year low of $27.77 and a 1-year high of $38.22. The company’s fifty day simple moving average is $34.78 and its 200-day simple moving average is $32.77. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.04 and a quick ratio of 0.74. The stock has a market capitalization of $80.00 billion, a PE ratio of 13.91, a P/E/G ratio of 1.48 and a beta of 0.58.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.The firm had revenue of $13.79 billion during the quarter, compared to analyst estimates of $12.44 billion. During the same period in the prior year, the business posted $0.74 EPS. Enterprise Products Partners’s revenue was down 2.9% on a year-over-year basis. As a group, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 5.9%. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, January 30th. Enterprise Products Partners’s dividend payout ratio is 82.71%.

Analyst Ratings Changes

EPD has been the topic of several recent analyst reports. Scotiabank reiterated a “sector perform” rating and set a $37.00 target price (up from $35.00) on shares of Enterprise Products Partners in a research note on Thursday, February 5th. Morgan Stanley downgraded Enterprise Products Partners from an “equal weight” rating to an “underweight” rating and set a $34.00 price target on the stock. in a report on Thursday, December 18th. Wolfe Research downgraded Enterprise Products Partners from a “peer perform” rating to an “underperform” rating and set a $31.00 price objective for the company. in a report on Wednesday, January 14th. Jefferies Financial Group restated a “hold” rating and set a $34.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, February 4th. Finally, Citigroup restated a “buy” rating and issued a $39.00 target price (up from $36.00) on shares of Enterprise Products Partners in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Enterprise Products Partners presently has a consensus rating of “Hold” and a consensus target price of $36.71.

Insider Buying and Selling at Enterprise Products Partners

In other news, Director John R. Rutherford bought 15,000 shares of Enterprise Products Partners stock in a transaction that occurred on Monday, December 29th. The stock was bought at an average cost of $32.09 per share, with a total value of $481,350.00. Following the acquisition, the director owned 173,586 shares of the company’s stock, valued at $5,570,374.74. The trade was a 9.46% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 32.60% of the stock is currently 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.