57,035 Enterprise Products Partners L.P. $EPD Shares Purchased by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners increased its Enterprise Products Partners stake by 206.9% in the third quarter, purchasing 57,035 additional shares for a total position of 84,596 shares valued at approximately $3.0 million.
• Enterprise Products Partners reported quarterly EPS of $0.84, surpassing the $0.75 consensus estimate, while revenue rose 60.8% year over year to $18.27 billion.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $40.12, compared with shares trading near $36.93.

Venture Visionary Partners LLC boosted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 206.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,596 shares of the oil and gas producer's stock after acquiring an additional 57,035 shares during the period. Venture Visionary Partners LLC's holdings in Enterprise Products Partners were worth $3,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EPD. Alps Advisors Inc. increased its position in shares of Enterprise Products Partners by 0.6% during the fourth quarter. Alps Advisors Inc. now owns 42,639,131 shares of the oil and gas producer's stock worth $1,367,011,000 after purchasing an additional 260,305 shares in the last quarter. Auto Owners Insurance Co boosted its position in shares of Enterprise Products Partners by 3,106.0% in the 4th quarter. Auto Owners Insurance Co now owns 32,060,000 shares of the oil and gas producer's stock worth $102,784,000 after purchasing an additional 31,060,000 shares in the last quarter. Energy Income Partners LLC purchased a new position in Enterprise Products Partners during the 2nd quarter worth $508,461,000. Bank of America Corp DE purchased a new position in Enterprise Products Partners during the 2nd quarter worth $416,553,000. Finally, BlackRock Inc. acquired a new position in Enterprise Products Partners during the 2nd quarter valued at about $255,325,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Performance

Shares of EPD stock opened at $36.93 on Thursday. The firm has a market capitalization of $79.75 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.93 and a quick ratio of 0.66. The business has a fifty day moving average of $38.12 and a 200 day moving average of $37.94. Enterprise Products Partners L.P. has a 1 year low of $30.01 and a 1 year high of $40.17.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. The business had revenue of $18.27 billion for the quarter, compared to the consensus estimate of $13.69 billion. Enterprise Products Partners had a return on equity of 20.67% and a net margin of 10.79%.The company's quarterly revenue was up 60.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 EPS. As a group, research analysts expect that Enterprise Products Partners L.P. will post 3.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on EPD shares. Capital One Financial initiated coverage on Enterprise Products Partners in a research note on Tuesday, September 22nd. They issued an "equal weight" rating and a $42.00 price target for the company. UBS Group restated a "buy" rating and set a $45.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, June 17th. The Goldman Sachs Group restated a "neutral" rating and set a $38.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, June 17th. Stifel Nicolaus initiated coverage on shares of Enterprise Products Partners in a research report on Thursday, September 10th. They issued a "hold" rating and a $40.00 price objective for the company. Finally, TD Cowen reiterated a "hold" rating and issued a $38.00 target price (down from $39.00) on shares of Enterprise Products Partners in a research note on Monday, August 3rd. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Enterprise Products Partners has a consensus rating of "Hold" and a consensus target price of $40.12.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure in the United States. The company transports, stores, processes and exports oil, natural gas, natural gas liquids (NGLs), refined products and petrochemicals.

Its operations include pipelines, natural gas processing plants, NGL fractionation facilities, underground storage, marine terminals and export infrastructure. Enterprise serves producers, refiners, petrochemical manufacturers, utilities and other energy customers by connecting major producing regions with domestic and international markets.

Enterprise Products Partners was founded in 1968 and is headquartered in Houston, Texas.

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