Steward Partners Investment Advisory LLC Has $11.34 Million Stock Holdings in Enterprise Products Partners L.P. $EPD

Key Points

• Steward Partners Investment Advisory LLC increased its stake in Enterprise Products Partners by 7.1%, acquiring an additional 21,887 shares, bringing their total holdings to 332,019 shares worth approximately $11.3 million.
• In the most recent earnings report, Enterprise Products Partners missed analysts' EPS estimates, reporting $0.66 per share against an expected $0.67, and a revenue of $11.36 billion, down 15.7% year-over-year.
• The company declared a quarterly dividend of $0.545 per share, reflecting a 6.9% dividend yield, which is an increase from the previous dividend of $0.54.

Steward Partners Investment Advisory LLC increased its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 332,019 shares of the oil and gas producer's stock after buying an additional 21,887 shares during the period. Steward Partners Investment Advisory LLC's holdings in Enterprise Products Partners were worth $11,335,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Eaton Financial Holdings Company LLC increased its position in Enterprise Products Partners by 1.6% during the first quarter. Eaton Financial Holdings Company LLC now owns 37,842 shares of the oil and gas producer's stock worth $1,292,000 after purchasing an additional 602 shares during the last quarter. AR Asset Management Inc. increased its position in Enterprise Products Partners by 12.8% during the first quarter. AR Asset Management Inc. now owns 175,810 shares of the oil and gas producer's stock worth $6,002,000 after purchasing an additional 20,000 shares during the last quarter. Cowa LLC increased its position in Enterprise Products Partners by 1.2% during the first quarter. Cowa LLC now owns 88,807 shares of the oil and gas producer's stock worth $3,032,000 after purchasing an additional 1,012 shares during the last quarter. Oder Investment Management LLC increased its position in Enterprise Products Partners by 5.6% during the first quarter. Oder Investment Management LLC now owns 16,257 shares of the oil and gas producer's stock worth $555,000 after purchasing an additional 864 shares during the last quarter. Finally, Roanoke Asset Management Corp NY increased its position in Enterprise Products Partners by 1.1% during the first quarter. Roanoke Asset Management Corp NY now owns 50,953 shares of the oil and gas producer's stock worth $1,740,000 after purchasing an additional 565 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

Shares of EPD stock traded up $0.1250 during midday trading on Wednesday, reaching $31.5350. 1,610,018 shares of the company were exchanged, compared to its average volume of 4,734,069. Enterprise Products Partners L.P. has a 12 month low of $27.77 and a 12 month high of $34.63. The company has a market cap of $68.28 billion, a P/E ratio of 11.74, a PEG ratio of 1.81 and a beta of 0.66. The company's 50 day moving average price is $31.39 and its two-hundred day moving average price is $31.84. 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 announced its quarterly earnings data 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 business had revenue of $11.36 billion during the quarter, compared to analyst estimates of $15.24 billion. Enterprise Products Partners had a return on equity of 19.81% and a net margin of 10.71%.The business's revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. TD Cowen assumed coverage on shares of Enterprise Products Partners in a research note on Monday, July 7th. They set a "hold" rating and a $33.00 price objective for the company. Barclays decreased their price objective on shares of Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday, July 2nd. Stifel Nicolaus decreased their price objective on shares of Enterprise Products Partners from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, July 29th. Finally, Citigroup lowered their price target on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Enterprise Products Partners has a consensus rating of "Moderate Buy" and a consensus price target of $36.25.

Insider Buying and Selling

In other Enterprise Products Partners news, Director John R. Rutherford bought 15,000 shares of Enterprise Products Partners stock in a transaction on Tuesday, July 29th. The stock was purchased at an average cost of $31.35 per share, for a total transaction of $470,250.00. Following the completion of the purchase, the director directly owned 158,586 shares of the company's stock, valued at $4,971,671.10. The trade was a 10.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William C. Montgomery bought 16,000 shares of Enterprise Products Partners 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 completion of the purchase, 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 disclosure for this purchase can be found here. 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.