Barclays PLC lifted its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 110.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,531,756 shares of the oil and gas producer's stock after buying an additional 1,326,010 shares during the period. Barclays PLC owned approximately 0.12% of Enterprise Products Partners worth $73,699,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hantz Financial Services Inc. purchased a new position in Enterprise Products Partners in the 2nd quarter worth approximately $25,000. Mascoma Wealth Management LLC purchased a new position in Enterprise Products Partners during the second quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. boosted its stake in Enterprise Products Partners by 1,000.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer's stock worth $32,000 after buying an additional 1,000 shares during the last quarter. Assetmark Inc. grew its holdings in Enterprise Products Partners by 19,800.0% in the 3rd quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer's stock valued at $35,000 after buying an additional 1,188 shares in the last quarter. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Enterprise Products Partners in the 3rd quarter worth $36,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. US Capital Advisors upgraded shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Finally, Bank of America began coverage on shares of Enterprise Products Partners in a report on Thursday, October 17th. They set a "buy" rating and a $35.00 price target for the company. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $34.00.
Check Out Our Latest Stock Analysis on Enterprise Products Partners
Enterprise Products Partners Trading Up 0.0 %
EPD traded up $0.01 during mid-day trading on Thursday, hitting $32.41. 1,735,385 shares of the stock were exchanged, compared to its average volume of 4,312,835. The firm's fifty day moving average is $30.68 and its two-hundred day moving average is $29.60. Enterprise Products Partners L.P. has a 1-year low of $25.96 and a 1-year high of $34.63. The company has a market cap of $70.24 billion, a PE ratio of 12.06, a PEG ratio of 1.69 and a beta of 1.08. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). The business had revenue of $13.78 billion for the quarter, compared to analyst estimates of $13.87 billion. Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. Equities analysts forecast that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current fiscal year.
Enterprise Products Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date of this dividend was Thursday, October 31st. Enterprise Products Partners's dividend payout ratio is currently 78.65%.
About Enterprise Products Partners
(
Free Report)
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.
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