Enterprise Products Partners L.P. $EPD Shares Newly Purchased by Sepio Capital LP

Sepio Capital LP bought a new position in Enterprise Products Partners L.P. (NYSE:EPD) in the third quarter, HoldingsChannel.com reports. The fund bought 19,667 shares of the oil and gas producer’s stock, valued at approximately $700,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. WP Advisors LLC lifted its position in Enterprise Products Partners by 1.4% during the 3rd quarter. WP Advisors LLC now owns 383,561 shares of the oil and gas producer’s stock valued at $13,659,000 after purchasing an additional 5,343 shares during the period. NBT Bank N.A. acquired a new stake in shares of Enterprise Products Partners during the third quarter worth $466,000. Crescent Grove Advisors LLC lifted its stake in Enterprise Products Partners by 127.4% in the third quarter. Crescent Grove Advisors LLC now owns 124,618 shares of the oil and gas producer’s stock valued at $4,438,000 after buying an additional 69,819 shares during the period. Foster Victor Wealth Advisors LLC grew its position in shares of Enterprise Products Partners by 196.9% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 20,558 shares of the oil and gas producer’s stock worth $757,000 after buying an additional 13,633 shares during the period. Finally, Axxcess Wealth Management LLC grew its position in shares of Enterprise Products Partners by 66.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 9,562 shares of the oil and gas producer’s stock worth $341,000 after buying an additional 3,822 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Key Stories Impacting Enterprise Products Partners

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

• Positive Sentiment: Strong dividend track record: Enterprise Products Partners has increased its distribution for 28 consecutive years, reinforcing its reputation as a reliable income investment. Its high yield is attracting investors seeking returns above those available from many savings products. 2 No-Brainer High-Yield Energy Stocks to Buy Right Now
• Positive Sentiment: Distribution appears well covered: One analysis says EPD covers its payout approximately 1.9 times, suggesting a meaningful cushion for its distribution and supporting the stock’s appeal among conservative income investors. Enterprise Products Covers Its Payout 1.9 Times
• Positive Sentiment: Potentially attractive valuation: Despite a roughly 121% five-year total return, commentary suggests the units may still trade below fair value based on the partnership’s earnings power, leaving room for further appreciation if results remain solid. EPD Stock Looks Below Fair Value
• Neutral Sentiment: Earnings are the next major event: Enterprise Products Partners was expected to release quarterly results Thursday. Investors will look for evidence that operating cash flow, earnings and distribution coverage continue to support the partnership’s income proposition. EPD Expected to Release Quarterly Earnings
• Negative Sentiment: Cash-flow risks remain: Analysts caution that headline pipeline yields do not alone prove distributions are safe; investors should examine underlying cash flow, capital spending and leverage. This could limit enthusiasm if coverage deteriorates. This Energy Giant’s High Dividend Yield Is Backed by an Important Number

Analyst Ratings Changes

EPD has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “underweight” rating and issued a $41.00 target price (up from $40.00) on shares of Enterprise Products Partners in a research note on Tuesday, August 18th. Weiss Ratings raised shares of Enterprise Products Partners from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, October 16th. Capital One Financial began coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 22nd. They set an “equal weight” rating and a $42.00 price target for the company. Wall Street Zen raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $42.00 price objective on shares of Enterprise Products Partners in a report on Tuesday, September 22nd. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Enterprise Products Partners currently has an average rating of “Hold” and an average price target of $40.12.

Enterprise Products Partners Price Performance

NYSE:EPD traded up $0.56 during trading hours on Friday, reaching $37.08. 2,730,272 shares of the company were exchanged, compared to its average volume of 3,923,327. The company has a market capitalization of $80.06 billion, a P/E ratio of 12.87, a P/E/G ratio of 1.30 and a beta of 0.50. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.93 and a quick ratio of 0.66. The business has a 50 day moving average of $37.74 and a 200 day moving average of $37.79. Enterprise Products Partners L.P. has a 1-year low of $30.02 and a 1-year high of $40.17.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $18.27 billion during the quarter, compared to the consensus estimate of $13.69 billion. Enterprise Products Partners had a return on equity of 20.67% and a net margin of 10.79%. Enterprise Products Partners’s revenue for the quarter was up 60.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Research analysts forecast that Enterprise Products Partners L.P. will post 3.10 EPS for the current year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.24 annualized dividend and a yield of 6.0%. Enterprise Products Partners’s dividend payout ratio is presently 77.78%.

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a North American midstream energy partnership headquartered in Houston, Texas. The company provides infrastructure and services for the transportation, storage, processing and export of energy products, connecting producers with domestic and international markets.

Its operations include pipelines, storage facilities, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, and marine terminals. Enterprise handles NGLs such as ethane, propane, butanes and natural gasoline, as well as crude oil, refined products, petrochemicals and natural gas.