Enterprise Products Partners L.P. $EPD Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 7.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,631 shares of the oil and gas producer's stock after acquiring an additional 9,979 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Enterprise Products Partners were worth $4,703,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EPD. ING Groep NV acquired a new stake in Enterprise Products Partners during the first quarter worth about $71,052,000. Alps Advisors Inc. grew its stake in shares of Enterprise Products Partners by 5.0% in the first quarter. Alps Advisors Inc. now owns 41,326,613 shares of the oil and gas producer's stock valued at $1,410,891,000 after buying an additional 1,967,188 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Enterprise Products Partners by 65.3% in the first quarter. JPMorgan Chase & Co. now owns 4,347,247 shares of the oil and gas producer's stock valued at $148,415,000 after buying an additional 1,717,768 shares in the last quarter. Northside Capital Management LLC acquired a new stake in shares of Enterprise Products Partners in the second quarter valued at about $47,628,000. Finally, Truist Financial Corp grew its stake in shares of Enterprise Products Partners by 293.6% in the first quarter. Truist Financial Corp now owns 2,018,964 shares of the oil and gas producer's stock valued at $68,927,000 after buying an additional 1,506,055 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EPD has been the subject of a number of recent research reports. TD Cowen initiated coverage on Enterprise Products Partners in a research note on Monday, July 7th. They issued a "hold" rating and a $33.00 target price for the company. 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. Weiss Ratings reissued a "buy (b)" rating on shares of Enterprise Products Partners in a report on Wednesday, October 8th. Scotiabank reduced their price target on Enterprise Products Partners from $36.00 to $35.00 and set a "sector perform" rating for the company in a report on Friday, September 19th. Finally, Morgan Stanley reduced their price target on 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. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Enterprise Products Partners has a consensus rating of "Moderate Buy" and an average target price of $35.75.

Insider Activity at Enterprise Products Partners

In related news, Director John R. Rutherford purchased 15,000 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average price of $31.35 per share, with a total value of $470,250.00. Following the acquisition, the director owned 158,586 shares in the company, valued at approximately $4,971,671.10. This trade represents a 10.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William C. Montgomery purchased 16,000 shares of the business's stock in a transaction that occurred 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 acquisition, the director owned 136,920 shares in the company, valued at approximately $4,319,826. The trade was 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 Up 0.5%

NYSE:EPD opened at $30.94 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.96 and a debt-to-equity ratio of 1.04. The business's 50 day moving average is $31.58 and its two-hundred day moving average is $31.34. 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 market cap of $66.98 billion, a PE ratio of 11.50, a P/E/G ratio of 2.19 and a beta of 0.64.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released 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). Enterprise Products Partners had a return on equity of 19.81% and a net margin of 10.71%.The firm had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same period in the prior year, the business earned $0.64 EPS. The company's quarterly revenue was down 15.7% on a year-over-year basis. On average, analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a $0.545 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.18 annualized dividend and a dividend yield of 7.0%. Enterprise Products Partners's dividend payout ratio (DPR) is 81.04%.

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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