Enterprise Products Partners L.P. (EPD) Shares Bought by Certified Advisory Corp

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Certified Advisory Corp lifted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 27.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,376 shares of the oil and gas producer’s stock after purchasing an additional 2,045 shares during the quarter. Certified Advisory Corp’s holdings in Enterprise Products Partners were worth $260,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Alps Advisors Inc. raised its position in shares of Enterprise Products Partners by 13.2% in the 2nd quarter. Alps Advisors Inc. now owns 40,898,736 shares of the oil and gas producer’s stock valued at $1,084,226,000 after purchasing an additional 4,777,192 shares during the last quarter. Neuberger Berman Group LLC raised its position in Enterprise Products Partners by 1.6% during the 1st quarter. Neuberger Berman Group LLC now owns 20,331,405 shares of the oil and gas producer’s stock worth $497,713,000 after buying an additional 315,368 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Enterprise Products Partners by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,202,934 shares of the oil and gas producer’s stock worth $372,168,000 after buying an additional 169,660 shares during the last quarter. BlackRock Inc. raised its position in Enterprise Products Partners by 321.0% during the 2nd quarter. BlackRock Inc. now owns 13,588,906 shares of the oil and gas producer’s stock worth $376,005,000 after buying an additional 10,360,904 shares during the last quarter. Finally, Brookfield Asset Management Inc. raised its position in Enterprise Products Partners by 215.4% during the 1st quarter. Brookfield Asset Management Inc. now owns 12,347,075 shares of the oil and gas producer’s stock worth $302,256,000 after buying an additional 8,432,139 shares during the last quarter. 36.51% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Aj Teague acquired 3,390 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were acquired at an average price of $29.48 per share, with a total value of $99,937.20. Following the purchase, the chief executive officer now directly owns 1,616,790 shares of the company’s stock, valued at $47,662,969.20. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 37.50% of the stock is owned by company insiders.

A number of equities analysts have issued reports on the stock. Bank of America raised their price target on shares of Enterprise Products Partners from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Barclays raised their price target on shares of Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a research report on Monday, August 20th. Zacks Investment Research raised shares of Enterprise Products Partners from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Monday, July 2nd. Finally, ValuEngine raised shares of Enterprise Products Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $32.38.

Shares of NYSE EPD opened at $28.96 on Friday. The company has a market cap of $63.28 billion, a PE ratio of 19.26, a PEG ratio of 5.82 and a beta of 0.91. Enterprise Products Partners L.P. has a 12 month low of $23.10 and a 12 month high of $30.05. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.56 and a current ratio of 0.74.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. The business had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $8.55 billion. Enterprise Products Partners had a net margin of 8.95% and a return on equity of 14.42%. The business’s revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. analysts forecast that Enterprise Products Partners L.P. will post 1.68 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 8th. Stockholders of record on Tuesday, July 31st were paid a dividend of $0.43 per share. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, July 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.94%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 130.30%.

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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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

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