Capital Advisors Inc. OK Purchases 13,721 Shares of Enterprise Products Partners L.P. $EPD

Key Points

• Capital Advisors Inc. OK increased its stake in Enterprise Products Partners L.P. by 10.3%, acquiring an additional 13,721 shares and bringing its total holdings to 146,867 shares valued at approximately $4.55 million.
• Enterprise Products Partners reported a 0.66 EPS for the last quarter, missing analysts' estimates, with revenues down 15.7% year-over-year, amounting to $11.36 billion.
• The company announced a quarterly dividend increase to $0.545 per share, reflecting a dividend yield of 6.9%, with a payout ratio of 81.04%.

Capital Advisors Inc. OK increased its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 10.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 146,867 shares of the oil and gas producer's stock after purchasing an additional 13,721 shares during the period. Capital Advisors Inc. OK's holdings in Enterprise Products Partners were worth $4,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of EPD. Brighton Jones LLC raised its holdings in shares of Enterprise Products Partners by 19.9% in the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer's stock valued at $1,023,000 after purchasing an additional 5,425 shares during the period. GAMMA Investing LLC boosted its position in shares of Enterprise Products Partners by 3,314.0% during the 1st quarter. GAMMA Investing LLC now owns 17,070 shares of the oil and gas producer's stock worth $583,000 after acquiring an additional 16,570 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Enterprise Products Partners during the 1st quarter worth approximately $136,000. Sovereign Financial Group Inc. boosted its position in shares of Enterprise Products Partners by 3.5% during the 1st quarter. Sovereign Financial Group Inc. now owns 14,967 shares of the oil and gas producer's stock worth $511,000 after acquiring an additional 500 shares in the last quarter. Finally, Princeton Global Asset Management LLC boosted its position in shares of Enterprise Products Partners by 10.9% during the 1st quarter. Princeton Global Asset Management LLC now owns 8,885 shares of the oil and gas producer's stock worth $303,000 after acquiring an additional 875 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD opened at $31.65 on Monday. The company's fifty day moving average price is $31.56 and its 200-day moving average price is $31.45. The firm has a market capitalization of $68.53 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 2.25 and a beta of 0.64. Enterprise Products Partners L.P. has a one year low of $27.77 and a one year high of $34.63. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.96 and a quick ratio of 0.69.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its earnings results on Monday, July 28th. The oil and gas producer reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The business had revenue of $11.36 billion during the quarter, compared to analysts' expectations of $15.24 billion. Enterprise Products Partners had a return on equity of 19.81% and a net margin of 10.71%.Enterprise Products Partners's revenue for the quarter was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 EPS. On average, equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st were paid a $0.545 dividend. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.54. This represents a $2.18 annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Thursday, July 31st. Enterprise Products Partners's payout ratio is currently 81.04%.

Wall Street Analyst Weigh In

EPD has been the topic of several analyst reports. TD Cowen started coverage on shares of Enterprise Products Partners in a research report on Monday, July 7th. They set a "hold" rating and a $33.00 price target on the stock. Morgan Stanley cut their target price on shares of Enterprise Products Partners from $35.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 26th. Mizuho set a $38.00 price target on shares of Enterprise Products Partners and gave the company an "outperform" rating in a research note on Friday, July 11th. Stifel Nicolaus dropped their price target on shares of Enterprise Products Partners from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, July 29th. Finally, Barclays lowered their target price on shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Enterprise Products Partners currently has an average rating of "Moderate Buy" and a consensus target price of $35.75.

Insider Activity at Enterprise Products Partners

In related news, Director John R. Rutherford acquired 15,000 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was purchased at an average cost of $31.35 per share, with a total value of $470,250.00. Following the completion of the acquisition, the director directly owned 158,586 shares of the company's stock, valued at approximately $4,971,671.10. This trade represents a 10.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William C. Montgomery acquired 16,000 shares of the firm's stock in a transaction dated Wednesday, July 30th. The shares were bought at an average cost of $31.55 per share, with a total value of $504,800.00. Following the completion of the acquisition, the director directly owned 136,920 shares of the company's stock, valued at $4,319,826. The trade was a 13.23% increase in their ownership of the stock. The disclosure for this purchase can be found here. 32.60% of the stock is owned by insiders.

About Enterprise Products Partners

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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