Stephens Inc. AR Grows Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Stephens Inc. AR lifted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 3.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 289,264 shares of the oil and gas producer’s stock after buying an additional 10,451 shares during the period. Stephens Inc. AR’s holdings in Enterprise Products Partners were worth $8,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Enterprise Products Partners by 1.0% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 41,620,404 shares of the oil and gas producer’s stock worth $1,201,581,000 after buying an additional 431,656 shares during the last quarter. Energy Income Partners LLC lifted its position in Enterprise Products Partners by 6.6% during the second quarter. Energy Income Partners LLC now owns 22,050,598 shares of the oil and gas producer’s stock valued at $636,601,000 after purchasing an additional 1,366,532 shares in the last quarter. Morgan Stanley lifted its position in Enterprise Products Partners by 9.4% during the second quarter. Morgan Stanley now owns 21,438,384 shares of the oil and gas producer’s stock valued at $618,927,000 after purchasing an additional 1,835,431 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in Enterprise Products Partners by 7.3% during the third quarter. CIBC Private Wealth Group LLC now owns 18,911,235 shares of the oil and gas producer’s stock valued at $540,482,000 after purchasing an additional 1,291,052 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Enterprise Products Partners by 3,750.3% during the second quarter. Invesco Ltd. now owns 16,978,814 shares of the oil and gas producer’s stock valued at $490,179,000 after purchasing an additional 16,537,844 shares in the last quarter. Hedge funds and other institutional investors own 36.67% of the company’s stock.

In other Enterprise Products Partners news, Director Murray E. Brasseux acquired 5,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $30.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the director now directly owns 17,885 shares of the company’s stock, valued at $536,550. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 37.50% of the stock is owned by insiders.

Several equities analysts recently weighed in on EPD shares. Royal Bank of Canada started coverage on Enterprise Products Partners in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 target price on the stock. Stifel Nicolaus lifted their target price on Enterprise Products Partners from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Piper Jaffray Companies started coverage on Enterprise Products Partners in a research report on Wednesday, July 17th. They set an “overweight” rating and a $37.00 target price on the stock. Zacks Investment Research downgraded Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research report on Monday, August 26th. Finally, ValuEngine downgraded Enterprise Products Partners from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $33.45.

Shares of Enterprise Products Partners stock opened at $27.56 on Monday. The stock’s 50-day simple moving average is $28.34 and its 200-day simple moving average is $28.87. Enterprise Products Partners L.P. has a 52 week low of $23.33 and a 52 week high of $30.86. The company has a market capitalization of $60.42 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 3.11 and a beta of 0.87. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 1.06.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Enterprise Products Partners had a return on equity of 20.02% and a net margin of 14.26%. The business had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.57 billion. During the same period in the previous year, the business earned $0.31 earnings per share. The business’s revenue was down 2.3% on a year-over-year basis. On average, equities analysts expect that Enterprise Products Partners L.P. will post 2.2 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a $0.4425 dividend. This represents a $1.77 annualized dividend and a dividend yield of 6.42%. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.44. The ex-dividend date is Wednesday, October 30th. Enterprise Products Partners’s payout ratio is presently 90.72%.

About Enterprise Products Partners

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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