XTX Topco Ltd Boosts Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Key Points

• XTX Topco Ltd increased its stake in Enterprise Products Partners L.P. by 113.5%, owning a total of 73,258 shares valued at approximately $2.5 million.
• Enterprise Products Partners announced a quarterly dividend of $0.545 per share, reflecting a 6.95% yield, set to be paid on August 14th.
• The company's recent earnings report showed a fourth quarter revenue drop of 15.7% and an EPS of $0.66, falling short of analysts’ expectations of $0.67.

XTX Topco Ltd increased its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 113.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 73,258 shares of the oil and gas producer's stock after acquiring an additional 38,953 shares during the period. XTX Topco Ltd's holdings in Enterprise Products Partners were worth $2,501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Colonial Trust Co SC lifted its stake in Enterprise Products Partners by 44.9% during the fourth 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 lifted its stake in 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 acquiring an additional 337 shares in the last quarter. Full Sail Capital LLC increased its stake in Enterprise Products Partners by 3.9% during the fourth 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 during the period. Keystone Wealth Services LLC lifted its position in shares of Enterprise Products Partners by 2.6% during the first 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 boosted its stake in shares of Enterprise Products Partners by 4.5% in the first quarter. Duncan Williams Asset Management LLC now owns 8,207 shares of the oil and gas producer's stock valued at $280,000 after purchasing an additional 357 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Stock Performance

Shares of EPD stock traded up $0.07 during mid-day trading on Wednesday, hitting $31.50. 4,915,729 shares of the stock were exchanged, compared to its average volume of 3,898,352. The stock's fifty day simple moving average is $31.40 and its two-hundred day simple moving average is $32.07. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.86. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63. The stock has a market capitalization of $68.32 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 1.82 and a beta of 0.64.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The firm had revenue of $11.36 billion for the quarter, compared to analysts' expectations of $15.24 billion. Enterprise Products Partners had a return on equity of 19.88% and a net margin of 10.71%. The company's quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. On average, analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 31st will be given a $0.545 dividend. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $2.18 annualized dividend and a yield of 6.92%. Enterprise Products Partners's dividend payout ratio is 80.15%.

Insider Buying and Selling at Enterprise Products Partners

In other Enterprise Products Partners news, Director William C. Montgomery bought 16,000 shares of Enterprise Products Partners stock in a transaction dated Wednesday, July 30th. The stock was acquired at an average cost of $31.55 per share, with a total value of $504,800.00. Following the completion of the acquisition, the director owned 136,920 shares of the company's stock, valued at approximately $4,319,826. This represents a 13.23% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John R. Rutherford purchased 15,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were bought 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. 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EPD shares. Stifel Nicolaus cut 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 research note on Tuesday. TD Cowen started coverage on Enterprise Products Partners in a report on Monday, July 7th. They issued a "hold" rating and a $33.00 target price for the company. Wall Street Zen upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Citigroup lowered 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, Barclays cut their target price on shares of Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 2nd. Five equities research 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 company's stock. According to data from MarketBeat, Enterprise Products Partners has an average rating of "Moderate Buy" and a consensus price target of $36.25.

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.