36,487 Shares of Enterprise Products Partners L.P. $EPD Bought by M Holdings Securities Inc.

Key Points

• M Holdings Securities opened a new position in Enterprise Products Partners, buying 36,487 shares valued at approximately $1.338 million. Institutional investors collectively own 26.07% of the company.
• Enterprise Products Partners reported quarterly EPS of $0.75, matching analyst expectations, while revenue rose 49.3% year over year to $17.95 billion.
• The company declared a quarterly dividend of $0.56 per share, equivalent to $2.24 annually and a 6.1% yield. Analysts have a consensus “Hold” rating and an average price target of $40.18.

M Holdings Securities Inc. purchased a new position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 36,487 shares of the oil and gas producer's stock, valued at approximately $1,338,000.

Several other large investors also recently made changes to their positions in EPD. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in shares of Enterprise Products Partners by 15.1% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,801,500 shares of the oil and gas producer's stock valued at $64,151,000 after buying an additional 236,000 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of Enterprise Products Partners during the 2nd quarter valued at $12,866,000. Bank of America Corp DE bought a new stake in shares of Enterprise Products Partners during the 2nd quarter worth $416,553,000. Core Capital Management & Research inc. bought a new stake in shares of Enterprise Products Partners during the 2nd quarter worth $4,393,000. Finally, Ulrich Consultants & Investment Group LLC bought a new stake in shares of Enterprise Products Partners during the 3rd quarter worth $1,315,000. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

NYSE EPD opened at $36.74 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $79.34 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.37 and a beta of 0.48. Enterprise Products Partners L.P. has a 12-month low of $30.97 and a 12-month high of $40.17. The company has a 50 day moving average price of $37.47 and a two-hundred day moving average price of $37.39.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The oil and gas producer reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $17.95 billion for the quarter, compared to analyst estimates of $14.98 billion. Enterprise Products Partners had a net margin of 10.24% and a return on equity of 21.50%. Enterprise Products Partners's quarterly revenue was up 49.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS. As a group, equities analysts predict that Enterprise Products Partners L.P. will post 3.05 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, October 30th. Enterprise Products Partners's payout ratio is presently 74.17%.

Analyst Upgrades and Downgrades

EPD has been the topic of a number of recent analyst reports. Wall Street Zen lowered Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 31st. Weiss Ratings lowered Enterprise Products Partners from a "buy (b+)" rating to a "buy (b)" rating in a research report on Wednesday, November 4th. Capital One Financial initiated coverage on shares of Enterprise Products Partners in a research report on Tuesday, September 22nd. They issued an "equal weight" rating and a $42.00 target price on the stock. TD Cowen reiterated a "hold" rating and set a $38.00 price target (down from $39.00) on shares of Enterprise Products Partners in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Enterprise Products Partners from $43.00 to $42.00 and set a "neutral" rating on the stock in a research note on Thursday, October 8th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Enterprise Products Partners presently has a consensus rating of "Hold" and a consensus price target of $40.18.

Enterprise Products Partners Profile

Enterprise Products Partners NYSE: EPD is a North American midstream energy company that gathers, processes, transports, stores and exports energy-related commodities. Its operations support the movement of products from producing regions to refineries, petrochemical plants and other customers.

The company's assets include pipelines, natural gas processing plants, storage facilities, and terminals. It handles natural gas, natural gas liquids (NGLs), crude oil, refined products and petrochemicals, and provides services such as NGL fractionation and transportation.

Founded in 1968, Enterprise Products Partners is headquartered in Houston, Texas.

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