11,500 Shares in Enterprise Products Partners L.P. (NYSE:EPD) Bought by Sather Financial Group Inc

Key Points

• Sather Financial Group Inc acquired 11,500 shares of Enterprise Products Partners L.P. valued at approximately $393,000 during the 1st quarter, according to their recent SEC filing.
• Enterprise Products Partners declared an increase in its quarterly dividend to $0.545 per share, now representing a dividend yield of 6.91%.
• The company's recent earnings report showed an EPS of $0.64, which was below estimates, despite revenue rising to $15.42 billion.

Sather Financial Group Inc purchased a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,500 shares of the oil and gas producer's stock, valued at approximately $393,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EPD. Alps Advisors Inc. boosted its stake in shares of Enterprise Products Partners by 5.0% during the 1st quarter. Alps Advisors Inc. now owns 41,326,613 shares of the oil and gas producer's stock worth $1,410,891,000 after acquiring an additional 1,967,188 shares in the last quarter. Invesco Ltd. raised its holdings in Enterprise Products Partners by 1.3% in the 4th quarter. Invesco Ltd. now owns 27,076,718 shares of the oil and gas producer's stock worth $849,126,000 after purchasing an additional 359,288 shares during the period. FMR LLC boosted its position in Enterprise Products Partners by 2.1% during the fourth quarter. FMR LLC now owns 14,734,295 shares of the oil and gas producer's stock worth $462,067,000 after purchasing an additional 304,997 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Enterprise Products Partners by 8.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,546,528 shares of the oil and gas producer's stock valued at $330,739,000 after purchasing an additional 851,188 shares during the period. Finally, Westwood Holdings Group Inc. grew its holdings in Enterprise Products Partners by 11.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 5,830,088 shares of the oil and gas producer's stock valued at $182,832,000 after purchasing an additional 580,850 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Stock Down 0.7%

EPD stock opened at $31.56 on Friday. The company has a market cap of $68.46 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.84 and a beta of 0.64. The firm has a 50-day moving average of $31.45 and a two-hundred day moving average of $32.09. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month high of $34.63. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.05). The company had revenue of $15.42 billion during the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a net margin of 10.26% and a return on equity of 19.90%. Enterprise Products Partners's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. As a group, analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 6.91%. The ex-dividend date is Thursday, July 31st. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.54. Enterprise Products Partners's payout ratio is currently 81.65%.

Wall Street Analysts Forecast Growth

EPD has been the subject of several research analyst reports. Barclays reduced their target price on Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday, July 2nd. Citigroup reduced their price objective on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Wall Street Zen upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Mizuho set a $38.00 price target on shares of Enterprise Products Partners and gave the stock an "outperform" rating in a research report on Friday, July 11th. Finally, Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $36.36.

Enterprise Products Partners Company 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. 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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