Creative Financial Designs Inc. ADV Sells 35,325 Shares of Enterprise Products Partners L.P. $EPD

Creative Financial Designs Inc. ADV lowered its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 79.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,039 shares of the oil and gas producer’s stock after selling 35,325 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Enterprise Products Partners were worth $290,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. PMV Capital Advisers LLC bought a new position in Enterprise Products Partners during the fourth quarter worth $25,000. Palisade Asset Management LLC bought a new position in Enterprise Products Partners during the third quarter worth $31,000. Abich Financial Wealth Management LLC bought a new position in Enterprise Products Partners during the third quarter worth $32,000. Texas Capital Bancshares Inc TX bought a new position in Enterprise Products Partners during the third quarter worth $32,000. Finally, Daytona Street Capital LLC bought a new position in Enterprise Products Partners during the fourth quarter worth $42,000. Institutional investors own 26.07% of the company’s stock.

Insider Activity at Enterprise Products Partners

In other news, CEO Aj Teague bought 2,665 shares of Enterprise Products Partners stock in a transaction dated Friday, March 20th. The shares were bought at an average price of $37.55 per share, for a total transaction of $100,070.75. Following the purchase, the chief executive officer owned 77,576 shares of the company’s stock, valued at approximately $2,912,978.80. This trade represents a 3.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 32.60% of the company’s stock.

Enterprise Products Partners Trading Up 0.2%

Shares of Enterprise Products Partners stock opened at $39.55 on Friday. The firm has a market capitalization of $85.49 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.91 and a quick ratio of 0.61. The company’s fifty day moving average price is $38.05 and its two-hundred day moving average price is $35.01. Enterprise Products Partners L.P. has a 52-week low of $30.01 and a 52-week high of $40.17.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.03). The business had revenue of $14.39 billion during the quarter, compared to the consensus estimate of $13.62 billion. Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. On average, analysts expect that Enterprise Products Partners L.P. will post 2.95 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Thursday, April 30th. Enterprise Products Partners’s payout ratio is currently 81.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Enterprise Products Partners from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Jefferies Financial Group boosted their target price on shares of Enterprise Products Partners from $34.00 to $40.00 and gave the stock a “hold” rating in a research report on Tuesday, March 31st. Barclays boosted their price target on shares of Enterprise Products Partners from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Wolfe Research raised shares of Enterprise Products Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada boosted their price target on shares of Enterprise Products Partners from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, March 30th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.67.

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.