RPg Family Wealth Advisory LLC decreased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 18.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,577 shares of the oil and gas producer’s stock after selling 2,348 shares during the quarter. RPg Family Wealth Advisory LLC’s holdings in Enterprise Products Partners were worth $305,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in EPD. Mcmillion Capital Management Inc. acquired a new position in Enterprise Products Partners during the 2nd quarter worth approximately $29,000. Centersquare Investment Management LLC bought a new stake in shares of Enterprise Products Partners during the second quarter valued at approximately $34,000. TRUE Private Wealth Advisors bought a new stake in shares of Enterprise Products Partners during the second quarter valued at approximately $41,000. Knuff & Co LLC acquired a new position in shares of Enterprise Products Partners during the first quarter worth approximately $42,000. Finally, TCG Advisors LP acquired a new position in shares of Enterprise Products Partners during the first quarter worth approximately $44,000. Institutional investors own 37.23% of the company’s stock.
Several research firms recently issued reports on EPD. ValuEngine downgraded shares of Enterprise Products Partners from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Scotia Howard Weill began coverage on shares of Enterprise Products Partners in a report on Wednesday, September 4th. They set an “outperform” rating on the stock. Royal Bank of Canada initiated coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $35.00 price objective on the stock. Stifel Nicolaus lifted their price objective on shares of Enterprise Products Partners from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Enterprise Products Partners presently has an average rating of “Buy” and a consensus target price of $33.71.
Shares of EPD stock traded up $0.21 on Wednesday, hitting $28.92. 90,758 shares of the stock were exchanged, compared to its average volume of 2,971,175. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $63.22 billion, a PE ratio of 14.92, a P/E/G ratio of 3.30 and a beta of 0.87. Enterprise Products Partners L.P. has a one year low of $23.33 and a one year high of $30.86. The firm’s 50 day moving average is $28.88 and its two-hundred day moving average is $28.88.
Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The business had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $8.57 billion. Enterprise Products Partners had a return on equity of 20.02% and a net margin of 14.26%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were issued a $0.44 dividend. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.44. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date of this dividend was Tuesday, July 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 90.72%.
Enterprise Products Partners 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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