Augustine Asset Management Inc. decreased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 64.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,150 shares of the oil and gas producer’s stock after selling 18,296 shares during the period. Augustine Asset Management Inc.’s holdings in Enterprise Products Partners were worth $224,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the stock. Annandale Capital LLC acquired a new stake in Enterprise Products Partners during the fourth quarter valued at approximately $1,817,000. Hamlin Capital Management LLC increased its holdings in shares of Enterprise Products Partners by 3.6% in the 4th quarter. Hamlin Capital Management LLC now owns 4,172,631 shares of the oil and gas producer’s stock valued at $81,742,000 after acquiring an additional 145,827 shares during the last quarter. Planned Solutions Inc. raised its position in shares of Enterprise Products Partners by 666.7% during the 4th quarter. Planned Solutions Inc. now owns 2,300 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 2,000 shares in the last quarter. Penn Davis Mcfarland Inc. lifted its stake in Enterprise Products Partners by 8.3% during the fourth quarter. Penn Davis Mcfarland Inc. now owns 1,150,688 shares of the oil and gas producer’s stock worth $22,542,000 after purchasing an additional 88,672 shares during the last quarter. Finally, Bank Hapoalim BM boosted its holdings in Enterprise Products Partners by 69.7% in the fourth quarter. Bank Hapoalim BM now owns 52,822 shares of the oil and gas producer’s stock worth $1,035,000 after purchasing an additional 21,697 shares during the period. Institutional investors and hedge funds own 30.51% of the company’s stock.
Shares of EPD opened at $24.17 on Tuesday. Enterprise Products Partners L.P. has a one year low of $14.90 and a one year high of $24.30. The stock’s fifty day moving average is $23.02 and its 200-day moving average is $21.37. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 1.12. The firm has a market capitalization of $52.82 billion, a price-to-earnings ratio of 11.73 and a beta of 1.38.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 12th. Investors of record on Friday, April 30th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, April 29th. This represents a $1.80 annualized dividend and a yield of 7.45%. Enterprise Products Partners’s payout ratio is 83.72%.
EPD has been the topic of a number of recent research reports. Mizuho raised their price target on shares of Enterprise Products Partners from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, January 20th. Morgan Stanley lifted their target price on Enterprise Products Partners from $29.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, March 29th. TD Securities initiated coverage on Enterprise Products Partners in a report on Tuesday, April 13th. They set a “buy” rating and a $28.00 target price for the company. Finally, Wells Fargo & Company raised their price target on Enterprise Products Partners from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, May 13th. Thirteen analysts have rated the stock with a buy rating, Enterprise Products Partners has an average rating of “Buy” and an average price target of $25.50.
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.
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