Enterprise Products Partners L.P. (EPD) Holdings Increased by MetLife Investment Advisors LLC
MetLife Investment Advisors LLC grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 14.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,481,270 shares of the oil and gas producer’s stock after acquiring an additional 191,110 shares during the period. MetLife Investment Advisors LLC’s holdings in Enterprise Products Partners were worth $36,424,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the business. Morningstar Investment Services LLC grew its position in Enterprise Products Partners by 28.6% during the fourth quarter. Morningstar Investment Services LLC now owns 476,332 shares of the oil and gas producer’s stock valued at $11,713,000 after purchasing an additional 106,037 shares in the last quarter. MML Investors Services LLC grew its position in Enterprise Products Partners by 5.0% during the fourth quarter. MML Investors Services LLC now owns 56,623 shares of the oil and gas producer’s stock valued at $1,392,000 after purchasing an additional 2,680 shares in the last quarter. Suntrust Banks Inc. grew its position in Enterprise Products Partners by 5.7% during the fourth quarter. Suntrust Banks Inc. now owns 115,323 shares of the oil and gas producer’s stock valued at $2,836,000 after purchasing an additional 6,171 shares in the last quarter. Energy Income Partners LLC grew its position in Enterprise Products Partners by 14.2% during the fourth quarter. Energy Income Partners LLC now owns 20,868,803 shares of the oil and gas producer’s stock valued at $513,164,000 after purchasing an additional 2,596,527 shares in the last quarter. Finally, Northern Oak Wealth Management Inc. lifted its stake in Enterprise Products Partners by 13.8% in the fourth quarter. Northern Oak Wealth Management Inc. now owns 8,250 shares of the oil and gas producer’s stock valued at $203,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 36.75% of the company’s stock.
In related news, CEO Aj Teague bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 31st. The shares were acquired at an average price of $24.36 per share, with a total value of $243,600.00. Following the completion of the transaction, the chief executive officer now owns 1,654,372 shares of the company’s stock, valued at approximately $40,300,501.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 30,000 shares of company stock worth $733,300 in the last ninety days. 37.50% of the stock is currently owned by insiders.
Shares of Enterprise Products Partners stock opened at $28.96 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.02. Enterprise Products Partners L.P. has a 1-year low of $23.30 and a 1-year high of $30.05. The firm has a market capitalization of $62.28 billion, a PE ratio of 14.93, a PEG ratio of 4.87 and a beta of 0.96.
Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Thursday, January 31st. The oil and gas producer reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.09. Enterprise Products Partners had a net margin of 11.42% and a return on equity of 18.13%. The business had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.46 billion. During the same period in the previous year, the company earned $0.36 earnings per share. As a group, analysts anticipate that Enterprise Products Partners L.P. will post 1.92 EPS for the current year.
About Enterprise Products Partners
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.
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