Enterprise Products Partners L.P. $EPD is U.S. Capital Wealth Advisors LLC's 6th Largest Position

Key Points

• U.S. Capital Wealth Advisors LLC has increased its stake in Enterprise Products Partners L.P. by 1.9%, making it the fund's 6th largest position with 2,184,992 shares valued at approximately $67.76 million.
• Enterprise Products Partners recently declared a quarterly dividend of $0.545, up from $0.54, reflecting a 6.9% yield and an annualized payout of $2.18.
• Despite missing earnings estimates with $0.66 earnings per share for the last quarter, analysts maintain a consensus rating of "Moderate Buy" with an average price target of $35.75.

U.S. Capital Wealth Advisors LLC increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,184,992 shares of the oil and gas producer's stock after purchasing an additional 41,185 shares during the period. Enterprise Products Partners makes up 2.0% of U.S. Capital Wealth Advisors LLC's investment portfolio, making the stock its 6th largest holding. U.S. Capital Wealth Advisors LLC owned 0.10% of Enterprise Products Partners worth $67,757,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in Enterprise Products Partners by 1.6% during the second quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,957,500 shares of the oil and gas producer's stock valued at $60,702,000 after buying an additional 31,652 shares during the last quarter. Southland Equity Partners LLC increased its holdings in Enterprise Products Partners by 7.9% during the second quarter. Southland Equity Partners LLC now owns 10,309 shares of the oil and gas producer's stock valued at $320,000 after buying an additional 758 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Enterprise Products Partners by 8.2% during the second quarter. Park Avenue Securities LLC now owns 37,034 shares of the oil and gas producer's stock valued at $1,148,000 after buying an additional 2,798 shares during the last quarter. Quad Cities Investment Group LLC increased its holdings in Enterprise Products Partners by 3.8% during the second quarter. Quad Cities Investment Group LLC now owns 33,909 shares of the oil and gas producer's stock valued at $1,052,000 after buying an additional 1,228 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Enterprise Products Partners by 49.0% during the second quarter. Farther Finance Advisors LLC now owns 64,966 shares of the oil and gas producer's stock valued at $2,015,000 after buying an additional 21,366 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John R. Rutherford purchased 15,000 shares of the stock in a transaction dated Tuesday, July 29th. The shares were acquired at an average cost of $31.35 per share, for a total transaction of $470,250.00. Following the acquisition, the director owned 158,586 shares of the company's stock, valued at approximately $4,971,671.10. This represents a 10.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William C. Montgomery purchased 16,000 shares of the stock in a transaction dated Wednesday, July 30th. The stock was purchased at an average price 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 approximately $4,319,826. This represents a 13.23% increase in their position. The disclosure for this purchase can be found here. Company insiders own 32.60% of the company's stock.

Enterprise Products Partners Trading Down 0.5%

Shares of EPD opened at $31.65 on Monday. Enterprise Products Partners L.P. has a twelve month low of $27.77 and a twelve month high of $34.63. The company has a market cap of $68.53 billion, a P/E ratio of 11.77, a P/E/G ratio of 2.25 and a beta of 0.69. The company has a current ratio of 0.96, a quick ratio of 0.69 and a debt-to-equity ratio of 1.04. The company's fifty day simple moving average is $31.56 and its 200-day simple moving average is $31.59.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced 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 19.81%. The firm had revenue of $11.36 billion during the quarter, compared to analysts' expectations of $15.24 billion. During the same period in the prior year, the company posted $0.64 EPS. The company's revenue was down 15.7% compared to the same quarter last year. As a group, analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have commented on EPD shares. Morgan Stanley reduced their target price on shares of Enterprise Products Partners from $35.00 to $33.00 and set an "equal weight" rating for the company in a report on Tuesday, August 26th. Barclays dropped 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 report on Wednesday, July 2nd. Scotiabank dropped their price target on shares of Enterprise Products Partners from $36.00 to $35.00 and set a "sector perform" rating for the company in a research report on Friday. Mizuho set a $38.00 price target on shares of Enterprise Products Partners and gave the stock an "outperform" rating in a research report on Friday, July 11th. Finally, 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 report on Tuesday, July 29th. 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. According to MarketBeat, Enterprise Products Partners presently has a consensus rating of "Moderate Buy" and an average price target of $35.75.

Enterprise Products Partners 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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