CW Advisors LLC Buys 20,591 Shares of Enterprise Products Partners L.P. $EPD

Key Points

• CW Advisors LLC increased its stake in Enterprise Products Partners L.P. by 4.5%, acquiring an additional 20,591 shares, bringing its total holdings to 482,858 shares valued at approximately $16.48 million.
• The company recently declared a quarterly dividend of $0.545 per share, representing a yield of 6.9%, which is an increase from the previous dividend of $0.54.
Enterprise Products Partners reported $0.66 EPS for the last quarter, missing estimates, with revenue down 15.7% year-over-year at $11.36 billion.

CW Advisors LLC boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 4.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 482,858 shares of the oil and gas producer's stock after purchasing an additional 20,591 shares during the quarter. CW Advisors LLC's holdings in Enterprise Products Partners were worth $16,480,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Enterprise Products Partners during the first quarter worth approximately $27,000. Security National Bank acquired a new position in shares of Enterprise Products Partners during the first quarter worth approximately $30,000. Alpine Bank Wealth Management acquired a new position in shares of Enterprise Products Partners during the first quarter worth approximately $31,000. Colonial Trust Co SC lifted its holdings in shares of Enterprise Products Partners by 44.9% during the fourth quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock worth $32,000 after buying an additional 314 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Enterprise Products Partners during the first quarter worth approximately $34,000. Institutional investors own 26.07% of the company's stock.

Wall Street Analyst Weigh In

EPD has been the subject of a number of research analyst reports. Stifel Nicolaus cut their price target on Enterprise Products Partners from $36.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, July 29th. Mizuho set a $38.00 target price on Enterprise Products Partners and gave the company an "outperform" rating in a research note on Friday, July 11th. Scotiabank upped their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the company a "sector perform" rating in a research note on Thursday, June 5th. Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Finally, TD Cowen initiated coverage on Enterprise Products Partners in a research report on Monday, July 7th. They issued a "hold" rating and a $33.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $36.25.

Enterprise Products Partners Price Performance

Shares of EPD stock opened at $31.6150 on Friday. The stock's fifty day moving average is $31.37 and its 200-day moving average is $31.83. The stock has a market capitalization of $68.45 billion, a PE ratio of 11.75, a PEG ratio of 1.82 and a beta of 0.66. Enterprise Products Partners L.P. has a 52 week low of $27.77 and a 52 week high of $34.63. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.69 and a current ratio of 0.96.

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

Enterprise Products Partners Increases Dividend

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

Insider Activity

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