Ahrens Investment Partners LLC acquired a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,992 shares of the oil and gas producer’s stock, valued at approximately $291,000.
Other large investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its holdings in shares of Enterprise Products Partners by 14.3% during the second quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock worth $107,000 after acquiring an additional 500 shares during the period. Ffcm LLC bought a new stake in shares of Enterprise Products Partners during the third quarter worth approximately $112,000. Global Trust Asset Management LLC bought a new stake in shares of Enterprise Products Partners during the fourth quarter worth approximately $123,000. Vigilant Capital Management LLC bought a new stake in shares of Enterprise Products Partners during the fourth quarter worth approximately $126,000. Finally, First Dallas Securities Inc. bought a new stake in shares of Enterprise Products Partners during the fourth quarter worth approximately $143,000. Institutional investors own 36.93% of the company’s stock.
In other news, CEO Aj Teague acquired 11,300 shares of the stock in a transaction on Wednesday, December 27th. The stock was acquired at an average cost of $26.47 per share, for a total transaction of $299,111.00. Following the completion of the transaction, the chief executive officer now directly owns 1,474,183 shares in the company, valued at $39,021,624.01. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 37.50% of the stock is owned by insiders.
Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at $27.09 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.71 and a quick ratio of 0.48. The stock has a market capitalization of $58,738.32, a P/E ratio of 20.84, a P/E/G ratio of 4.41 and a beta of 0.81. Enterprise Products Partners L.P. has a 12 month low of $23.59 and a 12 month high of $29.51.
Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Enterprise Products Partners had a net margin of 9.57% and a return on equity of 12.53%. The business had revenue of $8.43 billion during the quarter, compared to the consensus estimate of $7.02 billion. During the same period in the previous year, the business earned $0.31 earnings per share. The company’s revenue was up 30.1% on a year-over-year basis. research analysts predict that Enterprise Products Partners L.P. will post 1.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 31st were given a dividend of $0.425 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a yield of 6.28%. The ex-dividend date of this dividend was Tuesday, January 30th. Enterprise Products Partners’s payout ratio is currently 130.77%.
Enterprise Products Partners Profile
Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
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: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.