Enterprise Products Partners L.P. $EPD Stock Bought by Prairie Advisory LLC

Prairie Advisory LLC boosted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 95.6% in the third quarter, HoldingsChannel.com reports. The firm owned 30,224 shares of the oil and gas producer’s stock after buying an additional 14,774 shares during the period. Prairie Advisory LLC’s holdings in Enterprise Products Partners were worth $1,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. N.E.W. Advisory Services LLC acquired a new position in Enterprise Products Partners during the 2nd quarter worth about $37,000. Bravera Wealth increased its stake in shares of Enterprise Products Partners by 666.7% in the second quarter. Bravera Wealth now owns 1,035 shares of the oil and gas producer’s stock valued at $38,000 after buying an additional 900 shares during the period. Markowski Investments acquired a new stake in shares of Enterprise Products Partners in the second quarter valued at about $46,000. BOK Financial Private Wealth Inc. bought a new position in shares of Enterprise Products Partners during the second quarter worth about $48,000. Finally, West Paces Advisors Inc. bought a new position in shares of Enterprise Products Partners during the second quarter worth about $55,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Trading Down 0.0%

Enterprise Products Partners stock traded down $0.00 during trading hours on Monday, reaching $36.82. 1,846,434 shares of the company’s stock were exchanged, compared to its average volume of 3,881,199. The firm’s 50 day simple moving average is $37.87 and its 200 day simple moving average is $37.82. Enterprise Products Partners L.P. has a twelve month low of $30.02 and a twelve month high of $40.17. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $79.51 billion, a PE ratio of 12.78, a PEG ratio of 1.34 and a beta of 0.50.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The company had revenue of $18.27 billion for 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%. The firm’s revenue was up 60.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 EPS. Research analysts predict that Enterprise Products Partners L.P. will post 3.02 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.24 annualized dividend and a yield of 6.1%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 77.78%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. TD Cowen reaffirmed a “hold” rating and issued a $38.00 price objective (down from $39.00) on shares of Enterprise Products Partners in a research note on Monday, August 3rd. Royal Bank Of Canada restated an “outperform” rating and set a $42.00 price target on shares of Enterprise Products Partners in a report on Tuesday, September 22nd. Morgan Stanley restated an “underweight” rating and set a $41.00 price target (up from $40.00) on shares of Enterprise Products Partners in a report on Tuesday, August 18th. JPMorgan Chase & Co. dropped their price target on shares of Enterprise Products Partners from $43.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, October 8th. Finally, Wall Street Zen raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Seven research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.12.

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.