20,655 Shares in Enterprise Products Partners L.P. $EPD Acquired by Johnson Financial Group LLC

Johnson Financial Group LLC bought a new stake in Enterprise Products Partners L.P. (NYSE:EPDFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,655 shares of the oil and gas producer’s stock, valued at approximately $662,000.

Other hedge funds have also modified their holdings of the company. PMV Capital Advisers LLC purchased a new position in shares of Enterprise Products Partners during the fourth quarter worth $25,000. Palisade Asset Management LLC purchased a new stake in shares of Enterprise Products Partners in the 3rd quarter valued at $31,000. Abich Financial Wealth Management LLC purchased a new position in Enterprise Products Partners during the 3rd quarter valued at about $32,000. Texas Capital Bancshares Inc TX acquired a new position in Enterprise Products Partners in the 3rd quarter valued at about $32,000. Finally, Daytona Street Capital LLC acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth about $42,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners Stock Performance

NYSE:EPD opened at $38.04 on Thursday. Enterprise Products Partners L.P. has a 1-year low of $30.01 and a 1-year high of $40.17. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.91 and a quick ratio of 0.61. The firm’s fifty day moving average price is $38.14 and its 200 day moving average price is $35.42. The firm has a market cap of $82.22 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 1.34 and a beta of 0.49.

Enterprise Products Partners (NYSE:EPDGet Free Report) last announced its quarterly earnings data on Monday, April 27th. The oil and gas producer reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). The firm had revenue of $14.39 billion during the quarter, compared to analyst estimates of $13.62 billion. Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. Enterprise Products Partners’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.98 EPS for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were given a $0.55 dividend. The ex-dividend date was Thursday, April 30th. This represents a $2.20 annualized dividend and a yield of 5.8%. Enterprise Products Partners’s dividend payout ratio is presently 81.48%.

Insider Buying and Selling

In other Enterprise Products Partners news, CEO Aj Teague bought 2,665 shares of Enterprise Products Partners stock in a transaction on Friday, March 20th. The stock was bought at an average price of $37.55 per share, with a total value of $100,070.75. Following the completion of the acquisition, the chief executive officer owned 77,576 shares in the company, valued at $2,912,978.80. The trade was a 3.56% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 32.60% of the company’s stock.

Key Headlines Impacting Enterprise Products Partners

Here are the key news stories impacting Enterprise Products Partners this week:

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EPD. JPMorgan Chase & Co. lifted their price objective on shares of Enterprise Products Partners from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Barclays increased their target price on shares of Enterprise Products Partners from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Truist Financial boosted their price objective on shares of Enterprise Products Partners from $36.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Morgan Stanley restated an “underweight” rating and issued a $43.00 target price (up from $42.00) on shares of Enterprise Products Partners in a report on Wednesday, May 20th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $39.00 price target on shares of Enterprise Products Partners in a research note on Thursday, May 14th. Nine research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $39.67.

Check Out Our Latest Research Report on Enterprise Products Partners

Enterprise Products Partners Profile

(Free Report)

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.

Featured Stories

Want to see what other hedge funds are holding EPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Products Partners L.P. (NYSE:EPDFree Report).

Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

Receive News & Ratings for Enterprise Products Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners and related companies with MarketBeat.com's FREE daily email newsletter.