Key Points
- CEO Aj Teague purchased 2,665 shares on March 20 at $37.55, spending about $100,070 and increasing his direct stake to 77,576 shares (a 3.56% increase); the buy was disclosed in an SEC Form 4 filing.
- Enterprise Products Partners paid a $0.55 quarterly dividend (annualized $2.20), representing a 5.8% yield with a payout ratio of about 82.7%.
- The company reported quarterly EPS of $0.75 and revenue of $13.79 billion, both beating estimates, and trades with a market cap of ~$82.4 billion, a P/E of 14.34, and a consensus analyst rating of "Hold" with a $37.14 target.
Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) CEO Aj Teague acquired 2,665 shares of the firm's stock in a transaction dated Friday, March 20th. The stock was bought at an average price of $37.55 per share, with a total value of $100,070.75. Following the completion of the acquisition, the chief executive officer directly owned 77,576 shares of the company's stock, valued at approximately $2,912,978.80. This represents a 3.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Enterprise Products Partners Price Performance
NYSE EPD opened at $38.13 on Tuesday. Enterprise Products Partners L.P. has a 12 month low of $27.77 and a 12 month high of $38.22. The firm has a market capitalization of $82.43 billion, a PE ratio of 14.34, a P/E/G ratio of 1.50 and a beta of 0.59. The company's 50 day simple moving average is $35.45 and its 200 day simple moving average is $33.00. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.04 and a quick ratio of 0.74.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.06. The firm had revenue of $13.79 billion during the quarter, compared to the consensus estimate of $12.44 billion. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 earnings per share. As a group, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.
Enterprise Products Partners Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 5.8%. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.55. The ex-dividend date was Friday, January 30th. Enterprise Products Partners's payout ratio is currently 82.71%.
Hedge Funds Weigh In On Enterprise Products Partners
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in Enterprise Products Partners by 19.9% during the fourth quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer's stock valued at $1,023,000 after buying an additional 5,425 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of Enterprise Products Partners by 9.3% during the second quarter. Schnieders Capital Management LLC. now owns 58,918 shares of the oil and gas producer's stock valued at $1,827,000 after acquiring an additional 5,000 shares during the period. Geode Capital Management LLC raised its holdings in shares of Enterprise Products Partners by 6.2% during the second quarter. Geode Capital Management LLC now owns 63,702 shares of the oil and gas producer's stock valued at $1,975,000 after acquiring an additional 3,742 shares during the period. Bahl & Gaynor Inc. lifted its position in shares of Enterprise Products Partners by 2.8% in the 2nd quarter. Bahl & Gaynor Inc. now owns 14,751 shares of the oil and gas producer's stock valued at $457,000 after acquiring an additional 400 shares in the last quarter. Finally, Tableaux LLC purchased a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at approximately $59,000. Institutional investors and hedge funds own 26.07% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Wolfe Research lowered Enterprise Products Partners from a "peer perform" rating to an "underperform" rating and set a $31.00 target price on the stock. in a report on Wednesday, January 14th. TD Cowen raised their price objective on shares of Enterprise Products Partners from $33.00 to $34.00 and gave the company a "hold" rating in a research report on Wednesday, February 4th. Raymond James Financial cut shares of Enterprise Products Partners from a "strong-buy" rating to an "outperform" rating and set a $36.00 price objective on the stock. in a research note on Monday, January 5th. Morgan Stanley boosted their target price on shares of Enterprise Products Partners from $34.00 to $38.00 and gave the stock an "underweight" rating in a report on Wednesday, March 18th. Finally, UBS Group reissued a "buy" rating on shares of Enterprise Products Partners in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $37.14.
Check Out Our Latest Research Report on EPD
About Enterprise Products Partners
(
Get Free Report)
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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