Enterprise Products Partners L.P. (NYSE:EPD) Director Randa Duncan Williams acquired 240,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average cost of $26.00 per share, with a total value of $6,240,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NYSE:EPD traded up $0.45 during trading on Wednesday, hitting $26.13. 5,247,230 shares of the company traded hands, compared to its average volume of 4,149,924. The stock has a market capitalization of $57.62 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 3.00 and a beta of 0.87. The business’s fifty day moving average is $26.63 and its 200-day moving average is $28.29. Enterprise Products Partners L.P. has a one year low of $23.33 and a one year high of $30.86. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.00.
Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Monday, October 28th. The oil and gas producer reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.05). The company had revenue of $7.96 billion for the quarter, compared to the consensus estimate of $8.97 billion. Enterprise Products Partners had a net margin of 14.07% and a return on equity of 19.59%. The firm’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. On average, analysts forecast that Enterprise Products Partners L.P. will post 2.19 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.4425 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.44. This represents a $1.77 annualized dividend and a dividend yield of 6.77%. Enterprise Products Partners’s dividend payout ratio is 91.24%.
Several brokerages recently weighed in on EPD. Scotia Howard Weill began coverage on Enterprise Products Partners in a report on Wednesday, September 4th. They issued an “outperform” rating for the company. Zacks Investment Research lowered Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a report on Monday, August 26th. Royal Bank of Canada began coverage on Enterprise Products Partners in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $35.00 price objective for the company. ValuEngine lowered Enterprise Products Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Finally, Scotiabank began coverage on Enterprise Products Partners in a report on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 target price for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $33.88.
Several large investors have recently bought and sold shares of the company. Capital Advisors Inc. OK boosted its position in shares of Enterprise Products Partners by 7.1% during the second quarter. Capital Advisors Inc. OK now owns 21,418 shares of the oil and gas producer’s stock worth $618,000 after buying an additional 1,418 shares during the period. Cornerstone Wealth Management LLC boosted its position in shares of Enterprise Products Partners by 71.6% during the second quarter. Cornerstone Wealth Management LLC now owns 12,395 shares of the oil and gas producer’s stock worth $357,000 after buying an additional 5,171 shares during the period. Comerica Bank boosted its position in shares of Enterprise Products Partners by 20.7% during the third quarter. Comerica Bank now owns 27,250 shares of the oil and gas producer’s stock worth $748,000 after buying an additional 4,677 shares during the period. Ashburton Jersey Ltd acquired a new position in shares of Enterprise Products Partners during the second quarter worth approximately $63,000. Finally, Northstar Investment Advisors LLC boosted its position in shares of Enterprise Products Partners by 1.2% during the third quarter. Northstar Investment Advisors LLC now owns 216,677 shares of the oil and gas producer’s stock worth $6,177,000 after buying an additional 2,548 shares during the period. 36.95% of the stock is owned by institutional investors.
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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