MADDEN SECURITIES Corp Has $1.97 Million Holdings in Enterprise Products Partners L.P. $EPD

MADDEN SECURITIES Corp decreased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,487 shares of the oil and gas producer’s stock after selling 956 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Enterprise Products Partners were worth $1,969,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in Enterprise Products Partners during the 1st quarter worth approximately $27,000. Wealth Preservation Advisors LLC bought a new stake in shares of Enterprise Products Partners in the first quarter worth $28,000. Security National Bank acquired a new position in Enterprise Products Partners during the first quarter worth $30,000. Alpine Bank Wealth Management acquired a new position in Enterprise Products Partners during the first quarter worth $31,000. Finally, Crowley Wealth Management Inc. bought a new position in Enterprise Products Partners in the second quarter valued at $29,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EPD shares. 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. 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 price target for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Products Partners in a research report on Saturday, September 27th. Stifel Nicolaus cut their price objective on Enterprise Products Partners from $36.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, July 29th. Finally, Barclays lowered their target price on shares of Enterprise Products Partners from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Enterprise Products Partners presently has a consensus rating of “Moderate Buy” and an average target price of $35.75.

Insider Transactions at Enterprise Products Partners

In other news, Director John R. Rutherford acquired 15,000 shares of Enterprise Products Partners stock in a transaction dated Tuesday, July 29th. The stock was bought at an average price of $31.35 per share, for a total transaction of $470,250.00. Following the completion of the acquisition, the director directly owned 158,586 shares in the company, valued at approximately $4,971,671.10. The trade was a 10.45% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William C. Montgomery bought 16,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 136,920 shares of the company’s stock, valued at $4,319,826. The trade was a 13.23% increase in their position. The disclosure for this purchase can be found here. 32.60% of the stock is currently owned by corporate insiders.

Enterprise Products Partners Stock Down 0.4%

EPD stock opened at $31.52 on Tuesday. Enterprise Products Partners L.P. has a 1-year low of $27.77 and a 1-year high of $34.63. The business’s 50 day simple moving average is $31.57 and its 200 day simple moving average is $31.43. The company has a current ratio of 0.96, a quick ratio of 0.69 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $68.25 billion, a PE ratio of 11.72, a PEG ratio of 2.25 and a beta of 0.64.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Monday, July 28th. The oil and gas producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $15.24 billion. Enterprise Products Partners had a return on equity of 19.81% and a net margin of 10.71%.The company’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period last year, the firm earned $0.64 earnings per share. As a group, research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

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.