Moneta Group Investment Advisors LLC Increases Position in Enterprise Products Partners L.P. (NYSE:EPD)

Moneta Group Investment Advisors LLC lifted its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 41.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,177 shares of the oil and gas producer’s stock after acquiring an additional 6,177 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Enterprise Products Partners were worth $586,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Argent Trust Co grew its position in Enterprise Products Partners by 8.1% during the fourth quarter. Argent Trust Co now owns 32,989 shares of the oil and gas producer’s stock valued at $875,000 after buying an additional 2,485 shares during the period. US Bancorp DE lifted its holdings in Enterprise Products Partners by 0.8% during the first quarter. US Bancorp DE now owns 331,846 shares of the oil and gas producer’s stock valued at $8,124,000 after purchasing an additional 2,644 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in Enterprise Products Partners by 20.6% during the first quarter. Eagle Asset Management Inc. now owns 123,107 shares of the oil and gas producer’s stock valued at $3,013,000 after purchasing an additional 21,000 shares in the last quarter. Haverford Trust Co. lifted its holdings in Enterprise Products Partners by 12.8% during the first quarter. Haverford Trust Co. now owns 93,633 shares of the oil and gas producer’s stock valued at $2,292,000 after purchasing an additional 10,658 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in Enterprise Products Partners during the first quarter valued at $2,515,000. Hedge funds and other institutional investors own 36.41% of the company’s stock.

In other news, CEO Aj Teague bought 3,390 shares of Enterprise Products Partners stock in a transaction on Thursday, August 2nd. The shares were bought at an average cost of $29.48 per share, with a total value of $99,937.20. Following the completion of the purchase, the chief executive officer now directly owns 1,616,790 shares of the company’s stock, valued at $47,662,969.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 37.50% of the stock is owned by insiders.

Several research firms have issued reports on EPD. Zacks Investment Research downgraded shares of Enterprise Products Partners from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Stifel Nicolaus increased their price objective on shares of Enterprise Products Partners from $32.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Barclays increased their price objective on shares of Enterprise Products Partners from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Wednesday, July 11th. ValuEngine downgraded shares of Enterprise Products Partners from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Finally, US Capital Advisors reaffirmed a “buy” rating on shares of Enterprise Products Partners in a report on Tuesday, July 17th. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. Enterprise Products Partners has an average rating of “Buy” and an average price target of $32.50.

NYSE:EPD opened at $29.21 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.56 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $62.09 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 5.71 and a beta of 0.91. Enterprise Products Partners L.P. has a twelve month low of $23.10 and a twelve month high of $30.05.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. Enterprise Products Partners had a net margin of 8.95% and a return on equity of 14.42%. The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same period in the previous year, the firm earned $0.30 earnings per share. Enterprise Products Partners’s quarterly revenue was up 28.1% compared to the same quarter last year. On average, research analysts anticipate that Enterprise Products Partners L.P. will post 1.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 8th. Shareholders of record on Wednesday, October 31st will be paid a dividend of $0.4325 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.43. This represents a $1.73 dividend on an annualized basis and a yield of 5.92%. Enterprise Products Partners’s payout ratio is 130.30%.

Enterprise Products Partners Company Profile

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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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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