Ameritas Advisory Services LLC lowered its position in Enterprise Products Partners L.P. (NYSE:EPD – Free Report) by 57.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,846 shares of the oil and gas producer’s stock after selling 21,745 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Enterprise Products Partners were worth $508,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Energy Income Partners LLC lifted its position in shares of Enterprise Products Partners by 0.6% during the 3rd quarter. Energy Income Partners LLC now owns 14,705,122 shares of the oil and gas producer’s stock worth $459,829,000 after buying an additional 80,884 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Enterprise Products Partners by 1.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,570,499 shares of the oil and gas producer’s stock valued at $361,810,000 after purchasing an additional 214,995 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Enterprise Products Partners during the 3rd quarter valued at $292,194,000. Berkley W R Corp increased its stake in shares of Enterprise Products Partners by 17.9% in the 3rd quarter. Berkley W R Corp now owns 6,000,000 shares of the oil and gas producer’s stock valued at $187,620,000 after buying an additional 910,206 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Enterprise Products Partners by 8.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 4,182,229 shares of the oil and gas producer’s stock valued at $130,778,000 after buying an additional 331,066 shares during the period. Institutional investors own 26.07% of the company’s stock.
Enterprise Products Partners Price Performance
Shares of NYSE EPD opened at $39.24 on Friday. The business’s 50 day moving average price is $37.82 and its two-hundred day moving average price is $34.72. The company has a market cap of $84.82 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 1.03. Enterprise Products Partners L.P. has a twelve month low of $30.01 and a twelve month high of $39.74.
Enterprise Products Partners Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.20 annualized dividend and a dividend yield of 5.6%. Enterprise Products Partners’s dividend payout ratio is presently 81.48%.
Analysts Set New Price Targets
Several research firms have recently commented on EPD. Royal Bank Of Canada lifted their target price on Enterprise Products Partners from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Barclays lifted their price objective on Enterprise Products Partners from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Citigroup reaffirmed a “buy” rating and set a $44.00 price objective (up from $39.00) on shares of Enterprise Products Partners in a research note on Friday, May 1st. TD Cowen reiterated a “hold” rating and set a $38.00 target price (up from $34.00) on shares of Enterprise Products Partners in a report on Thursday, April 16th. Finally, Stifel Nicolaus boosted their price target on Enterprise Products Partners from $41.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.60.
Check Out Our Latest Stock Report on Enterprise Products Partners
Insider Activity at Enterprise Products Partners
In other news, CEO Aj Teague bought 2,665 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were bought at an average price of $37.55 per share, with a total value of $100,070.75. Following the completion of the transaction, the chief executive officer owned 77,576 shares of the company’s stock, valued at $2,912,978.80. This trade represents a 3.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 32.60% of the company’s stock.
About Enterprise Products Partners
Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.
Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.
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