Enterprise Products Partners L.P. (NYSE:EPD) Stock Holdings Boosted by Certified Advisory Corp

Key Points

• Certified Advisory Corp increased its holdings in Enterprise Products Partners L.P. by 37.7%, now owning 66,520 shares valued at approximately $2.27 million.
• Multiple institutional investors have also acquired new stakes, with notable purchases including Security National Bank and Alpine Bank Wealth Management, indicating growing interest in the company.
• Enterprise Products Partners recently boosted its quarterly dividend to $0.545 per share, resulting in an annualized yield of 7.0%.

Certified Advisory Corp raised its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 37.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,520 shares of the oil and gas producer's stock after acquiring an additional 18,198 shares during the period. Certified Advisory Corp's holdings in Enterprise Products Partners were worth $2,271,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Colonial Trust Co SC grew its holdings in shares of Enterprise Products Partners by 44.9% in the fourth quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 314 shares in the last quarter. Strategic Advisors LLC lifted its stake in Enterprise Products Partners by 3.5% in the first quarter. Strategic Advisors LLC now owns 9,985 shares of the oil and gas producer's stock worth $341,000 after acquiring an additional 337 shares during the last quarter. Full Sail Capital LLC lifted its stake in Enterprise Products Partners by 3.9% in the fourth quarter. Full Sail Capital LLC now owns 9,081 shares of the oil and gas producer's stock worth $285,000 after acquiring an additional 341 shares during the last quarter. Keystone Wealth Services LLC lifted its stake in Enterprise Products Partners by 2.6% in the first quarter. Keystone Wealth Services LLC now owns 13,937 shares of the oil and gas producer's stock worth $476,000 after acquiring an additional 349 shares during the last quarter. Finally, Duncan Williams Asset Management LLC lifted its stake in Enterprise Products Partners by 4.5% in the first quarter. Duncan Williams Asset Management LLC now owns 8,207 shares of the oil and gas producer's stock worth $280,000 after acquiring an additional 357 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Enterprise Products Partners

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

Enterprise Products Partners Price Performance

Shares of NYSE:EPD traded down $0.24 on Friday, reaching $30.75. 4,221,882 shares of the company were exchanged, compared to its average volume of 4,092,727. 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 L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The firm has a market cap of $66.69 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 1.79 and a beta of 0.66. The company has a 50-day moving average of $31.38 and a 200-day moving average of $32.04.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Monday, July 28th. The oil and gas producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). Enterprise Products Partners had a net margin of 10.71% and a return on equity of 19.88%. The business had revenue of $11.36 billion for the quarter, compared to analysts' expectations of $15.24 billion. During the same quarter last year, the business posted $0.64 earnings per share. The business's revenue was down 15.7% compared to the same quarter last year. Equities 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 company 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 dividend on an annualized basis and a dividend yield of 7.1%. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 31st. Enterprise Products Partners's payout ratio is presently 81.04%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EPD. Wall Street Zen upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Barclays decreased their price target 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. Mizuho set a $38.00 price target on shares of Enterprise Products Partners and gave the stock an "outperform" rating in a research note on Friday, July 11th. Scotiabank lifted their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Finally, Stifel Nicolaus decreased 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. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Enterprise Products Partners presently has a consensus rating of "Moderate Buy" and an average price target of $36.25.

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.