Wells Fargo & Company MN increased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,125,158 shares of the oil and gas producer’s stock after purchasing an additional 213,218 shares during the period. Wells Fargo & Company MN owned approximately 0.24% of Enterprise Products Partners worth $147,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. Tompkins Financial Corp increased its holdings in Enterprise Products Partners by 150.3% during the 2nd quarter. Tompkins Financial Corp now owns 3,830 shares of the oil and gas producer’s stock valued at $106,000 after acquiring an additional 2,300 shares in the last quarter. Stelac Advisory Services LLC acquired a new stake in shares of Enterprise Products Partners in the second quarter worth approximately $109,000. Poehling Capital Management LLC acquired a new stake in shares of Enterprise Products Partners in the second quarter worth approximately $111,000. Arlington Partners LLC acquired a new stake in shares of Enterprise Products Partners in the third quarter worth approximately $115,000. Finally, Horrell Capital Management Inc. acquired a new stake in shares of Enterprise Products Partners in the second quarter worth approximately $122,000. Institutional investors own 37.32% of the company’s stock.
In related news, CEO Aj Teague acquired 15,005 shares of the stock in a transaction dated Wednesday, November 14th. The stock was purchased at an average cost of $26.32 per share, with a total value of $394,931.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider W Randall Fowler acquired 10,000 shares of the stock in a transaction dated Tuesday, November 13th. The stock was bought at an average cost of $26.19 per share, with a total value of $261,900.00. The disclosure for this purchase can be found here. Insiders own 37.50% of the company’s stock.
Shares of NYSE EPD traded up $0.77 during midday trading on Monday, hitting $27.02. 4,198,480 shares of the company’s stock were exchanged, compared to its average volume of 5,139,855. The company has a market capitalization of $56.73 billion, a P/E ratio of 20.47, a P/E/G ratio of 4.67 and a beta of 0.88. Enterprise Products Partners L.P. has a 12 month low of $23.10 and a 12 month high of $30.05. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96.
Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.15. Enterprise Products Partners had a return on equity of 16.28% and a net margin of 10.23%. The firm had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.72 billion. During the same period in the previous year, the firm earned $0.28 EPS. The company’s quarterly revenue was up 39.2% compared to the same quarter last year. Analysts predict that Enterprise Products Partners L.P. will post 1.87 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 8th. Investors of record on Wednesday, October 31st were given a dividend of $0.4325 per share. The ex-dividend date was Tuesday, October 30th. This represents a $1.73 dividend on an annualized basis and a yield of 6.40%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.43. Enterprise Products Partners’s payout ratio is currently 131.06%.
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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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