17,675 Shares in Enterprise Products Partners L.P. $EPD Acquired by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,675 shares of the oil and gas producer’s stock, valued at approximately $553,000.

Several other hedge funds have also recently added to or reduced their stakes in EPD. Energy Income Partners LLC increased its holdings in shares of Enterprise Products Partners by 14.3% in the second quarter. Energy Income Partners LLC now owns 14,624,238 shares of the oil and gas producer’s stock valued at $453,498,000 after buying an additional 1,834,659 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Enterprise Products Partners by 119.4% during the 2nd quarter. Corient Private Wealth LLC now owns 2,414,035 shares of the oil and gas producer’s stock worth $74,859,000 after acquiring an additional 1,313,976 shares in the last quarter. Eagle Global Advisors LLC boosted its stake in shares of Enterprise Products Partners by 42.2% during the 3rd quarter. Eagle Global Advisors LLC now owns 2,931,052 shares of the oil and gas producer’s stock worth $91,654,000 after acquiring an additional 870,103 shares in the last quarter. HRT Financial LP grew its holdings in shares of Enterprise Products Partners by 118.1% in the 2nd quarter. HRT Financial LP now owns 1,528,580 shares of the oil and gas producer’s stock worth $47,401,000 after acquiring an additional 827,780 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Enterprise Products Partners by 70.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,495,518 shares of the oil and gas producer’s stock worth $46,765,000 after acquiring an additional 619,014 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research firms recently weighed in on EPD. Wells Fargo & Company increased their price target on Enterprise Products Partners from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on Enterprise Products Partners from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Products Partners in a research note on Thursday, January 22nd. Scotiabank reissued a “sector perform” rating and issued a $37.00 target price (up from $35.00) on shares of Enterprise Products Partners in a research report on Thursday, February 5th. Finally, Raymond James Financial lowered shares of Enterprise Products Partners from a “strong-buy” rating to an “outperform” rating and set a $36.00 price target on the stock. in a report on Monday, January 5th. One equities 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $36.71.

Enterprise Products Partners Stock Up 1.1%

EPD stock opened at $37.01 on Friday. The company has a 50 day moving average of $34.78 and a two-hundred day moving average of $32.75. The company has a market cap of $80.00 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.47 and a beta of 0.59. Enterprise Products Partners L.P. has a 12-month low of $27.77 and a 12-month high of $38.22. The company has a quick ratio of 0.74, a current ratio of 1.04 and a debt-to-equity ratio of 1.07.

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

Enterprise Products Partners Increases Dividend

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

About Enterprise Products Partners

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.