Bogart Wealth LLC Purchases 515 Shares of Enterprise Products Partners L.P. $EPD

Bogart Wealth LLC lifted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,790 shares of the oil and gas producer’s stock after purchasing an additional 515 shares during the period. Bogart Wealth LLC’s holdings in Enterprise Products Partners were worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Enterprise Products Partners by 19.9% in the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock valued at $1,023,000 after buying an additional 5,425 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Enterprise Products Partners by 4.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 709,059 shares of the oil and gas producer’s stock valued at $24,207,000 after acquiring an additional 27,219 shares during the period. Hudson Value Partners LLC boosted its position in shares of Enterprise Products Partners by 42.2% in the first quarter. Hudson Value Partners LLC now owns 9,433 shares of the oil and gas producer’s stock valued at $322,000 after acquiring an additional 2,800 shares during the period. Flagship Harbor Advisors LLC grew its stake in shares of Enterprise Products Partners by 2.2% in the first quarter. Flagship Harbor Advisors LLC now owns 79,470 shares of the oil and gas producer’s stock valued at $2,713,000 after acquiring an additional 1,680 shares in the last quarter. Finally, Pursue Wealth Partners LLC bought a new position in Enterprise Products Partners during the first quarter worth about $201,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John R. Rutherford purchased 15,000 shares of the stock in a transaction dated Tuesday, July 29th. The stock was bought at an average cost of $31.35 per share, for a total transaction of $470,250.00. Following the completion of the acquisition, the director owned 158,586 shares of the company’s stock, valued at approximately $4,971,671.10. This represents a 10.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William C. Montgomery purchased 16,000 shares of the company’s stock in a transaction dated Wednesday, July 30th. The stock was purchased at an average price of $31.55 per share, with a total value of $504,800.00. Following the completion of the purchase, the director directly owned 136,920 shares in the company, valued at $4,319,826. The trade was a 13.23% increase in their position. The disclosure for this purchase can be found here. 32.60% of the stock is owned by corporate insiders.

Enterprise Products Partners Trading Up 1.7%

Shares of EPD stock opened at $30.72 on Tuesday. Enterprise Products Partners L.P. has a fifty-two week low of $27.77 and a fifty-two week high of $34.63. The stock’s fifty day moving average price is $31.51 and its two-hundred day moving average price is $31.24. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.69 and a current ratio of 0.96. The company has a market cap of $66.51 billion, a PE ratio of 11.42, a P/E/G ratio of 2.15 and a beta of 0.64.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Monday, July 28th. The oil and gas producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $15.24 billion. Enterprise Products Partners had a return on equity of 19.81% and a net margin of 10.71%.Enterprise Products Partners’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 earnings per share. Equities analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.18 annualized dividend and a dividend yield of 7.1%. Enterprise Products Partners’s payout ratio is 81.04%.

Analysts Set New Price Targets

A number of research firms have issued reports on EPD. Morgan Stanley cut their price objective on shares of Enterprise Products Partners from $35.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, August 26th. Mizuho set a $38.00 price target on Enterprise Products Partners and gave the stock an “outperform” rating in a research report on Friday, July 11th. Stifel Nicolaus lowered their price objective on Enterprise Products Partners from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Products Partners in a research report on Wednesday, October 8th. Finally, Scotiabank decreased their price target on Enterprise Products Partners from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.82.

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.