Sheets Smith Wealth Management grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,150 shares of the oil and gas producer’s stock after buying an additional 4,600 shares during the quarter. Sheets Smith Wealth Management’s holdings in Enterprise Products Partners were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. raised its position in shares of Enterprise Products Partners by 43.7% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 414,850 shares of the oil and gas producer’s stock worth $11,919,000 after buying an additional 126,075 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Enterprise Products Partners by 192.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,386 shares of the oil and gas producer’s stock worth $298,000 after buying an additional 6,836 shares in the last quarter. Whittier Trust Co. raised its position in shares of Enterprise Products Partners by 24.6% during the 3rd quarter. Whittier Trust Co. now owns 60,778 shares of the oil and gas producer’s stock worth $1,745,000 after buying an additional 12,000 shares in the last quarter. Valley National Advisers Inc. raised its position in shares of Enterprise Products Partners by 49.5% during the 3rd quarter. Valley National Advisers Inc. now owns 20,717 shares of the oil and gas producer’s stock worth $595,000 after buying an additional 6,861 shares in the last quarter. Finally, Baldwin Brothers Inc. MA grew its stake in shares of Enterprise Products Partners by 3.2% in the 3rd quarter. Baldwin Brothers Inc. MA now owns 392,421 shares of the oil and gas producer’s stock worth $11,274,000 after purchasing an additional 12,337 shares during the last quarter. Institutional investors own 37.27% of the company’s stock.

In related news, CEO Aj Teague acquired 15,005 shares of the stock in a transaction that occurred on Wednesday, November 14th. The shares were purchased at an average cost of $26.32 per share, with a total value of $394,931.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James T. Hackett sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $26.94, for a total transaction of $673,500.00. Following the transaction, the director now directly owns 226,832 shares in the company, valued at $6,110,854.08. The disclosure for this sale can be found here. Insiders have purchased 55,005 shares of company stock worth $1,390,132 over the last ninety days. 37.50% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on EPD shares. Zacks Investment Research raised shares of Enterprise Products Partners from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a research note on Wednesday, October 3rd. Raymond James lifted their price objective on shares of Enterprise Products Partners from $34.00 to $35.00 and gave the stock a “strong-buy” rating in a research note on Thursday, October 4th. Wells Fargo & Co lifted their price objective on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, October 8th. Goldman Sachs Group started coverage on shares of Enterprise Products Partners in a research note on Monday, October 8th. They issued a “neutral” rating and a $28.00 price objective on the stock. Finally, Credit Suisse Group started coverage on shares of Enterprise Products Partners in a research note on Thursday, October 11th. They issued an “outperform” rating and a $36.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Enterprise Products Partners has a consensus rating of “Buy” and a consensus target price of $32.75.

Shares of Enterprise Products Partners stock traded up $0.01 during trading on Friday, hitting $27.10. The stock had a trading volume of 133,339 shares, compared to its average volume of 7,699,683. The company has a market cap of $58.74 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 4.74 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.70 and a quick ratio of 0.49. Enterprise Products Partners L.P. has a 1 year low of $23.10 and a 1 year high of $30.05.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.15. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.72 billion. Enterprise Products Partners had a net margin of 10.23% and a return on equity of 16.28%. The firm’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. On average, analysts expect that Enterprise Products Partners L.P. will post 1.87 EPS for the current fiscal year.

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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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

See Also: Net Income

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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