Cooperman Leon G grew its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD – Free Report) by 4.4% during the third quarter, Holdings Channel reports. The firm owned 1,323,635 shares of the oil and gas producer’s stock after acquiring an additional 56,000 shares during the quarter. Enterprise Products Partners comprises 1.3% of Cooperman Leon G’s portfolio, making the stock its 23rd largest holding. Cooperman Leon G’s holdings in Enterprise Products Partners were worth $41,390,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of EPD. Arete Wealth Advisors LLC grew its position in shares of Enterprise Products Partners by 1.5% during the 3rd quarter. Arete Wealth Advisors LLC now owns 21,145 shares of the oil and gas producer’s stock valued at $661,000 after buying an additional 317 shares during the last quarter. Patrick M Sweeney & Associates Inc. lifted its holdings in Enterprise Products Partners by 2.9% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 11,978 shares of the oil and gas producer’s stock worth $375,000 after acquiring an additional 334 shares during the last quarter. Tranquility Partners LLC lifted its holdings in Enterprise Products Partners by 1.5% in the third quarter. Tranquility Partners LLC now owns 24,299 shares of the oil and gas producer’s stock worth $760,000 after acquiring an additional 355 shares during the last quarter. Patriot Investment Management Group Inc. boosted its stake in Enterprise Products Partners by 1.7% in the third quarter. Patriot Investment Management Group Inc. now owns 21,242 shares of the oil and gas producer’s stock valued at $664,000 after acquiring an additional 360 shares during the period. Finally, Asset Dedication LLC grew its holdings in shares of Enterprise Products Partners by 1.0% during the second quarter. Asset Dedication LLC now owns 38,620 shares of the oil and gas producer’s stock valued at $1,198,000 after purchasing an additional 364 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director John R. Rutherford bought 15,000 shares of the stock in a transaction on Monday, December 29th. The shares were purchased at an average price of $32.09 per share, with a total value of $481,350.00. Following the purchase, the director owned 173,586 shares in the company, valued at approximately $5,570,374.74. This represents a 9.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 32.60% of the company’s stock.
Enterprise Products Partners Stock Up 1.1%
Enterprise Products Partners (NYSE:EPD – Get Free Report) last released its quarterly earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share (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 company had revenue of $13.79 billion during the quarter, compared to analysts’ expectations of $12.44 billion. During the same quarter in the prior year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, research analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.
Enterprise Products Partners Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a $0.55 dividend. The ex-dividend date was Friday, January 30th. This represents a $2.20 dividend on an annualized basis and a yield of 5.9%. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.55. Enterprise Products Partners’s payout ratio is currently 82.71%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on EPD shares. Jefferies Financial Group reiterated a “hold” rating and set a $34.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, February 4th. Citigroup restated a “buy” rating and set a $39.00 price objective (up from $36.00) on shares of Enterprise Products Partners in a research note on Wednesday, February 4th. UBS Group reaffirmed a “buy” rating on shares of Enterprise Products Partners in a research report on Wednesday, March 4th. Morgan Stanley cut Enterprise Products Partners from an “equal weight” rating to an “underweight” rating and set a $34.00 target price on the stock. in a research note on Thursday, December 18th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $32.00 price target on shares of Enterprise Products Partners in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $36.71.
Read Our Latest Stock Analysis on Enterprise Products Partners
Key Enterprise Products Partners News
Here are the key news stories impacting Enterprise Products Partners this week:
- Positive Sentiment: Multiple banks and outlets have pushed price targets higher, signaling incremental upside: Wells Fargo raised its target to $40 (maintaining an Equal Weight) and several Street analysts have moved targets into the high-$30s/low-$40s. This analyst activity supports demand for the units. Benzinga
- Positive Sentiment: Coverage highlighting an updated investment narrative — slightly higher fair-value estimates and visible buyback activity — suggests management capital allocation (buybacks + stable distributions) is being priced more favorably by the Street. Why The Investment Narrative Is Shifting
- Positive Sentiment: Dividend stability and distribution reliability remain a prominent theme in recent coverage; pieces stressing EPD’s consistent payouts help attract income-focused investors. Dividends Do Not Fluctuate
- Neutral Sentiment: Retail and media outlets continue to list EPD among top pipeline/large-cap energy picks and long-term dividend holdings, reinforcing visibility but not necessarily moving near-term fundamentals. Price Target Raised to $39
- Neutral Sentiment: Stock is included in several “buy”/“hold long-term” roundups (The Motley Fool and others), which can support steady demand from dividend-oriented retail investors but may have limited immediate impact. 3 Pipeline Stocks to Buy 2 Monster Stocks
- Neutral Sentiment: A short-term lift in trading followed an analyst upgrade/coverage note reported by market outlets — this can drive intraday momentum but doesn’t change fundamentals by itself. Trading Up After Analyst Upgrade
- Negative Sentiment: Some analysts and commentary argue EPD is “still a blue-chip, just not a bargain,” implying limited near-term upside and that valuation compression could cap gains if growth fails to accelerate. This view may restrain more aggressive buy-side moves. Not a Bargain
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.
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