AE Wealth Management LLC Has $378,000 Position in Enterprise Products Partners L.P. (EPD)

AE Wealth Management LLC boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 29.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,677 shares of the oil and gas producer’s stock after purchasing an additional 3,100 shares during the period. AE Wealth Management LLC’s holdings in Enterprise Products Partners were worth $378,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC lifted its position in shares of Enterprise Products Partners by 15.2% in the second quarter. Flagship Harbor Advisors LLC now owns 20,328 shares of the oil and gas producer’s stock valued at $562,000 after acquiring an additional 2,683 shares in the last quarter. BRYN MAWR TRUST Co purchased a new position in shares of Enterprise Products Partners in the second quarter valued at about $342,000. Samson Capital Management LLC lifted its position in shares of Enterprise Products Partners by 0.8% in the second quarter. Samson Capital Management LLC now owns 519,358 shares of the oil and gas producer’s stock valued at $14,371,000 after acquiring an additional 3,873 shares in the last quarter. Lido Advisors LLC lifted its position in shares of Enterprise Products Partners by 258.0% in the second quarter. Lido Advisors LLC now owns 37,041 shares of the oil and gas producer’s stock valued at $1,024,000 after acquiring an additional 26,693 shares in the last quarter. Finally, Certified Advisory Corp lifted its position in shares of Enterprise Products Partners by 27.9% in the second quarter. Certified Advisory Corp now owns 9,376 shares of the oil and gas producer’s stock valued at $260,000 after acquiring an additional 2,045 shares in the last quarter. Institutional investors own 36.52% of the company’s stock.

Shares of EPD stock opened at $29.23 on Friday. 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 0.74, a quick ratio of 0.56 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $62.48 billion, a PE ratio of 22.14, a PEG ratio of 5.74 and a beta of 0.91.

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

In other news, CEO Aj Teague bought 3,390 shares of Enterprise Products Partners stock in a transaction dated Thursday, August 2nd. The shares were purchased at an average cost of $29.48 per share, with a total value of $99,937.20. Following the completion of the acquisition, the chief executive officer now owns 1,616,790 shares of the company’s stock, valued at approximately $47,662,969.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 37.50% of the company’s stock.

Several brokerages have recently commented on EPD. Zacks Investment Research downgraded Enterprise Products Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Scotiabank set a $33.00 price objective on Enterprise Products Partners and gave the company a “buy” rating in a research report on Monday, August 20th. Morgan Stanley boosted their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, August 17th. Bank of America boosted their price objective on Enterprise Products Partners from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Finally, Barclays boosted their price objective on Enterprise Products Partners from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Enterprise Products Partners currently has a consensus rating of “Buy” and a consensus price target of $32.38.

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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