10,992 Shares in Enterprise Products Partners L.P. (EPD) Purchased by Ahrens Investment Partners LLC

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.

A number of equities research analysts have recently issued reports on EPD shares. Credit Suisse Group started coverage on Enterprise Products Partners in a report on Thursday, January 4th. They set an “outperform” rating and a $31.00 price objective for the company. Bank of America started coverage on Enterprise Products Partners in a report on Tuesday, January 9th. They set a “buy” rating for the company. Stifel Nicolaus boosted their price objective on Enterprise Products Partners from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $34.00 price target on shares of Enterprise Products Partners in a research note on Tuesday, January 16th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $29.00 price target on shares of Enterprise Products Partners in a research note on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $31.14.

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%.

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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.

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

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