Enterprise Products Partners L.P. (EPD) Shares Bought by Garde Capital Inc.

Garde Capital Inc. increased its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 8.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,600 shares of the oil and gas producer’s stock after acquiring an additional 2,200 shares during the period. Garde Capital Inc.’s holdings in Enterprise Products Partners were worth $819,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Argent Trust Co raised its stake in shares of Enterprise Products Partners by 8.1% during the 4th quarter. Argent Trust Co now owns 32,989 shares of the oil and gas producer’s stock worth $875,000 after purchasing an additional 2,485 shares in the last quarter. US Bancorp DE raised its stake in shares of Enterprise Products Partners by 0.8% during the 1st quarter. US Bancorp DE now owns 331,846 shares of the oil and gas producer’s stock worth $8,124,000 after purchasing an additional 2,644 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of Enterprise Products Partners by 20.6% during the 1st quarter. Eagle Asset Management Inc. now owns 123,107 shares of the oil and gas producer’s stock worth $3,013,000 after purchasing an additional 21,000 shares in the last quarter. Haverford Trust Co. raised its stake in shares of Enterprise Products Partners by 12.8% during the 1st quarter. Haverford Trust Co. now owns 93,633 shares of the oil and gas producer’s stock worth $2,292,000 after purchasing an additional 10,658 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Enterprise Products Partners during the 1st quarter worth about $2,515,000. 36.41% of the stock is owned by hedge funds and other institutional investors.

Shares of EPD stock opened at $29.25 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. Enterprise Products Partners L.P. has a twelve month low of $23.10 and a twelve month high of $30.05. The company has a market capitalization of $63.17 billion, a P/E ratio of 19.23, a P/E/G ratio of 5.81 and a beta of 0.91.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.46 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same period last year, the business earned $0.30 EPS. The firm’s revenue was up 28.1% compared to the same quarter last year. research analysts forecast that Enterprise Products Partners L.P. will post 1.68 EPS for the current year.

In related news, CEO Aj Teague acquired 3,390 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were acquired at an average cost of $29.48 per share, with a total value of $99,937.20. Following the purchase, the chief executive officer now owns 1,616,790 shares of the company’s stock, valued at $47,662,969.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 37.50% of the stock is currently owned by company insiders.

A number of research firms have recently weighed in on EPD. Bank of America raised their price target on Enterprise Products Partners from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Stifel Nicolaus raised their price target on Enterprise Products Partners from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Barclays raised their price target on Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Mitsubishi UFJ Financial Group raised their price target on Enterprise Products Partners to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, August 2nd. Finally, Scotiabank set a $33.00 price target on Enterprise Products Partners and gave the stock a “buy” rating in a research note on Monday, August 20th. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Enterprise Products Partners presently has a consensus rating of “Buy” and a consensus price target of $32.38.

Enterprise Products Partners 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.

Featured Story: How are the companies in the S&P 500 selected?

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

Receive News & Ratings for Enterprise Products Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply