Enterprise Products Partners L.P. (NYSE:EPD) Shares Acquired by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPDGet Rating) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 224,183 shares of the oil and gas producer’s stock after acquiring an additional 10,004 shares during the period. Gilman Hill Asset Management LLC’s holdings in Enterprise Products Partners were worth $5,463,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sargent Bickham Lagudis LLC bought a new position in Enterprise Products Partners in the second quarter worth about $25,000. Mark Sheptoff Financial Planning LLC lifted its holdings in Enterprise Products Partners by 64.5% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,020 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 400 shares during the last quarter. Zullo Investment Group Inc. lifted its holdings in Enterprise Products Partners by 133.1% in the first quarter. Zullo Investment Group Inc. now owns 1,000 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 571 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in Enterprise Products Partners in the first quarter worth about $26,000. Finally, Fairfield Bush & CO. bought a new position in Enterprise Products Partners in the first quarter worth about $31,000. Institutional investors own 27.29% of the company’s stock.

Insider Activity

In other news, Director John R. Rutherford purchased 6,500 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were acquired at an average price of $25.78 per share, with a total value of $167,570.00. Following the completion of the purchase, the director now directly owns 113,941 shares of the company’s stock, valued at approximately $2,937,398.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 37.50% of the stock is currently owned by insiders.

Enterprise Products Partners Price Performance

Enterprise Products Partners stock traded down $1.06 on Friday, reaching $23.86. The company’s stock had a trading volume of 112,899 shares, compared to its average volume of 4,133,797. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.65 and a current ratio of 0.87. The company has a market cap of $52.00 billion, a price-to-earnings ratio of 11.23 and a beta of 1.15. The business’s fifty day moving average price is $26.30 and its 200 day moving average price is $26.00. Enterprise Products Partners L.P. has a twelve month low of $20.42 and a twelve month high of $28.65.

Enterprise Products Partners (NYSE:EPDGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. Enterprise Products Partners had a return on equity of 18.97% and a net margin of 9.54%. The business had revenue of $16.06 billion for the quarter, compared to analyst estimates of $11.96 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 69.9% compared to the same quarter last year. Equities analysts expect that Enterprise Products Partners L.P. will post 2.52 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, July 29th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 7.96%. The ex-dividend date of this dividend was Thursday, July 28th. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.47. Enterprise Products Partners’s dividend payout ratio is 85.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. US Capital Advisors reaffirmed a “buy” rating on shares of Enterprise Products Partners in a report on Wednesday, June 1st. UBS Group lifted their price target on Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, July 8th. TD Securities lifted their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Finally, Raymond James lifted their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “strong-buy” rating in a report on Thursday, August 4th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Enterprise Products Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Enterprise Products Partners Profile

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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.

Further Reading

Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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