Stephens Inc. AR Sells 22,161 Shares of Enterprise Products Partners L.P. $EPD

Stephens Inc. AR reduced its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 605,273 shares of the oil and gas producer’s stock after selling 22,161 shares during the quarter. Stephens Inc. AR’s holdings in Enterprise Products Partners were worth $19,405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tred Avon Family Wealth LLC bought a new position in shares of Enterprise Products Partners during the 3rd quarter valued at approximately $1,015,000. Miller Howard Investments Inc. NY boosted its position in shares of Enterprise Products Partners by 1.0% during the 4th quarter. Miller Howard Investments Inc. NY now owns 3,112,119 shares of the oil and gas producer’s stock valued at $99,775,000 after acquiring an additional 31,733 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Enterprise Products Partners by 3.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,252,088 shares of the oil and gas producer’s stock valued at $39,153,000 after buying an additional 36,339 shares during the period. Advisors Asset Management Inc. raised its holdings in Enterprise Products Partners by 20.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 229,911 shares of the oil and gas producer’s stock valued at $7,189,000 after buying an additional 38,660 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Enterprise Products Partners by 70.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,495,518 shares of the oil and gas producer’s stock valued at $46,765,000 after buying an additional 619,014 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock opened at $39.24 on Friday. The firm has a market cap of $84.82 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.47 and a beta of 0.52. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 1.03. Enterprise Products Partners L.P. has a 12 month low of $30.01 and a 12 month high of $39.74. The stock’s fifty day moving average price is $37.82 and its 200-day moving average price is $34.72.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Monday, April 27th. The oil and gas producer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.03). Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. The firm had revenue of $14.39 billion for the quarter, compared to analysts’ expectations of $13.62 billion. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s quarterly revenue was down 6.7% on a year-over-year basis. On average, equities research analysts expect that Enterprise Products Partners L.P. will post 2.92 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

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

Insiders Place Their Bets

In other Enterprise Products Partners news, CEO Aj Teague purchased 2,665 shares of the stock in a transaction on Friday, March 20th. The stock was acquired at an average price of $37.55 per share, with a total value of $100,070.75. Following the completion of the acquisition, the chief executive officer owned 77,576 shares in the company, valued at $2,912,978.80. The trade was a 3.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 32.60% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. The Goldman Sachs Group restated a “neutral” rating and set a $39.00 price target on shares of Enterprise Products Partners in a report on Thursday. UBS Group restated a “buy” rating on shares of Enterprise Products Partners in a report on Wednesday, March 4th. Barclays increased their price target on Enterprise Products Partners from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. TD Cowen restated a “hold” rating and set a $38.00 price target (up from $34.00) on shares of Enterprise Products Partners in a report on Thursday, April 16th. Finally, Royal Bank Of Canada increased their price target on Enterprise Products Partners from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, March 30th. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $39.60.

Enterprise Products Partners Profile

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.