Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by NBW Capital LLC

Key Points

• NBW Capital LLC increased its holdings in Enterprise Products Partners L.P. by 24.4%, acquiring an additional 82,509 shares to reach a total of 420,872 shares valued at approximately $14.37 million.
• Enterprise Products Partners recently announced a quarterly dividend of $0.545, marking an increase from the previous $0.54, yielding 7.0% annualized.
• Despite a revenue decline of 15.7% year-over-year, the company reported $0.66 EPS for the quarter, slightly missing analyst expectations of $0.67 by just $0.01.

NBW Capital LLC grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 24.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 420,872 shares of the oil and gas producer's stock after purchasing an additional 82,509 shares during the quarter. Enterprise Products Partners makes up about 3.2% of NBW Capital LLC's holdings, making the stock its 5th biggest position. NBW Capital LLC's holdings in Enterprise Products Partners were worth $14,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of EPD. Colonial Trust Co SC increased its stake in shares of Enterprise Products Partners by 44.9% during the 4th quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock worth $32,000 after purchasing an additional 314 shares in the last quarter. Strategic Advisors LLC increased its stake in shares of Enterprise Products Partners by 3.5% during the 1st quarter. Strategic Advisors LLC now owns 9,985 shares of the oil and gas producer's stock worth $341,000 after purchasing an additional 337 shares in the last quarter. Full Sail Capital LLC increased its stake in shares of Enterprise Products Partners by 3.9% during the 4th quarter. Full Sail Capital LLC now owns 9,081 shares of the oil and gas producer's stock worth $285,000 after purchasing an additional 341 shares in the last quarter. Keystone Wealth Services LLC increased its stake in shares of Enterprise Products Partners by 2.6% during the 1st quarter. Keystone Wealth Services LLC now owns 13,937 shares of the oil and gas producer's stock worth $476,000 after purchasing an additional 349 shares in the last quarter. Finally, Duncan Williams Asset Management LLC increased its stake in shares of Enterprise Products Partners by 4.5% during the 1st quarter. Duncan Williams Asset Management LLC now owns 8,207 shares of the oil and gas producer's stock worth $280,000 after purchasing an additional 357 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Enterprise Products Partners

In other Enterprise Products Partners news, Director William C. Montgomery acquired 16,000 shares of the company's stock in a transaction dated Wednesday, July 30th. The stock was bought at an average price of $31.55 per share, with a total value of $504,800.00. Following the completion of the transaction, the director directly owned 136,920 shares of the company's stock, valued at approximately $4,319,826. The trade was a 13.23% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John R. Rutherford acquired 15,000 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was acquired at an average cost of $31.35 per share, with a total value of $470,250.00. Following the transaction, the director directly 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 disclosure for this purchase can be found here. 32.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EPD shares. Stifel Nicolaus reduced their target price on shares of Enterprise Products Partners from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, July 29th. Wall Street Zen upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Citigroup reduced their target price on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Mizuho set a $38.00 target price on shares of Enterprise Products Partners and gave the company an "outperform" rating in a report on Friday, July 11th. Finally, Scotiabank upped their target price on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Thursday, June 5th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.25.

Enterprise Products Partners Trading Up 0.9%

Shares of NYSE EPD traded up $0.27 on Friday, reaching $31.46. 5,434,247 shares of the company traded hands, compared to its average volume of 4,556,419. Enterprise Products Partners L.P. has a fifty-two week low of $27.77 and a fifty-two week high of $34.63. The company has a 50 day moving average of $31.38 and a 200 day moving average of $31.95. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $68.23 billion, a PE ratio of 11.70, a P/E/G ratio of 1.80 and a beta of 0.66.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data 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 19.88%. The company had revenue of $11.36 billion for the quarter, compared to analyst estimates of $15.24 billion. During the same period in the prior year, the company earned $0.64 EPS. The company's revenue was down 15.7% compared to the same quarter last year. On average, equities research 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be given a $0.545 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.54. This represents a $2.18 annualized dividend and a dividend yield of 6.9%. Enterprise Products Partners's dividend payout ratio (DPR) is currently 81.04%.

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.