CWS Financial Advisors LLC Acquires New Holdings in Enterprise Products Partners L.P. $EPD

Key Points

• CWS Financial Advisors LLC has acquired a new stake in Enterprise Products Partners L.P., purchasing 8,550 shares valued at approximately $292,000 in the first quarter.
• Enterprise Products Partners recently declared a quarterly dividend of $0.545 per share, reflecting a yield of 7.0% and an increase from the previous quarter's dividend.
• The stock has faced a slight decline, trading down 0.6%, with current market data showing a price range between a 12-month low of $27.77 and a high of $34.63.

CWS Financial Advisors LLC acquired a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,550 shares of the oil and gas producer's stock, valued at approximately $292,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in Enterprise Products Partners by 19.9% in the fourth quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer's stock valued at $1,023,000 after acquiring an additional 5,425 shares during the period. Russell Investments Group Ltd. increased its stake in Enterprise Products Partners by 5.9% during the 4th quarter. Russell Investments Group Ltd. now owns 32,031 shares of the oil and gas producer's stock worth $1,004,000 after purchasing an additional 1,781 shares in the last quarter. Guggenheim Capital LLC increased its stake in Enterprise Products Partners by 7.5% during the 4th quarter. Guggenheim Capital LLC now owns 24,168 shares of the oil and gas producer's stock worth $758,000 after purchasing an additional 1,687 shares in the last quarter. Curi RMB Capital LLC boosted its holdings in shares of Enterprise Products Partners by 0.8% in the fourth quarter. Curi RMB Capital LLC now owns 74,411 shares of the oil and gas producer's stock valued at $2,334,000 after buying an additional 583 shares during the period. Finally, Transce3nd LLC acquired a new position in shares of Enterprise Products Partners in the fourth quarter valued at approximately $135,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Trading Down 0.6%

NYSE EPD opened at $31.31 on Tuesday. The company has a market cap of $67.79 billion, a PE ratio of 11.64, a PEG ratio of 1.82 and a beta of 0.66. The company has a current ratio of 0.96, a quick ratio of 0.69 and a debt-to-equity ratio of 1.04. Enterprise Products Partners L.P. has a 12 month low of $27.77 and a 12 month high of $34.63. The stock has a 50 day moving average of $31.40 and a 200-day moving average of $31.84.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly 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). Enterprise Products Partners had a net margin of 10.71% and a return on equity of 19.81%. The firm had revenue of $11.36 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same quarter in the prior year, the business earned $0.64 EPS. The business's revenue was down 15.7% compared to the same quarter last year. On average, equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.545 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $2.18 annualized dividend and a yield of 7.0%. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.54. Enterprise Products Partners's payout ratio is 81.04%.

Wall Street Analysts Forecast Growth

EPD has been the subject of several research analyst reports. Mizuho set a $38.00 price target on shares of Enterprise Products Partners and gave the company an "outperform" rating in a report on Friday, July 11th. TD Cowen assumed coverage on Enterprise Products Partners in a research report on Monday, July 7th. They set a "hold" rating and a $33.00 price objective for the company. Barclays reduced their price objective on Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday, July 2nd. Citigroup reduced their price objective on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Scotiabank upped their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.25.

Insider Buying and Selling at Enterprise Products Partners

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

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.

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