Walnut Private Equity Partners LLC boosted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 398,052 shares of the oil and gas producer’s stock after purchasing an additional 10,000 shares during the period. Enterprise Products Partners comprises 8.7% of Walnut Private Equity Partners LLC’s investment portfolio, making the stock its 5th largest position. Walnut Private Equity Partners LLC’s holdings in Enterprise Products Partners were worth $9,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of EPD. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Enterprise Products Partners by 43.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 414,850 shares of the oil and gas producer’s stock worth $11,919,000 after acquiring an additional 126,075 shares during the period. Tower Research Capital LLC TRC boosted its position in Enterprise Products Partners by 192.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,386 shares of the oil and gas producer’s stock valued at $298,000 after acquiring an additional 6,836 shares in the last quarter. Whittier Trust Co. boosted its position in Enterprise Products Partners by 24.6% during the 3rd quarter. Whittier Trust Co. now owns 60,778 shares of the oil and gas producer’s stock valued at $1,745,000 after acquiring an additional 12,000 shares in the last quarter. Valley National Advisers Inc. boosted its position in shares of Enterprise Products Partners by 49.5% in the 3rd quarter. Valley National Advisers Inc. now owns 20,717 shares of the oil and gas producer’s stock worth $595,000 after purchasing an additional 6,861 shares in the last quarter. Finally, Baldwin Brothers Inc. MA lifted its position in Enterprise Products Partners by 3.2% during the 3rd quarter. Baldwin Brothers Inc. MA now owns 392,421 shares of the oil and gas producer’s stock worth $11,274,000 after acquiring an additional 12,337 shares during the period. 37.27% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Enterprise Products Partners stock traded down $0.05 on Friday, hitting $27.04. The stock had a trading volume of 278,440 shares, compared to its average volume of 7,699,683. Enterprise Products Partners L.P. has a twelve month low of $23.10 and a twelve month high of $30.05. The company has a market capitalization of $58.74 billion, a P/E ratio of 20.48, a P/E/G ratio of 4.74 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.70 and a quick ratio of 0.49.
Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.15. The company had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.72 billion. Enterprise Products Partners had a return on equity of 16.28% and a net margin of 10.23%. Enterprise Products Partners’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. Equities analysts anticipate that Enterprise Products Partners L.P. will post 1.87 EPS for the current year.
In other news, CEO Aj Teague acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were bought at an average cost of $24.36 per share, with a total value of $243,600.00. Following the acquisition, the chief executive officer now owns 1,654,372 shares in the company, valued at approximately $40,300,501.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James T. Hackett sold 25,000 shares of Enterprise Products Partners stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $26.94, for a total value of $673,500.00. Following the completion of the transaction, the director now directly owns 226,832 shares in the company, valued at $6,110,854.08. The disclosure for this sale can be found here. Insiders have bought a total of 55,005 shares of company stock valued at $1,390,132 in the last quarter. 37.50% of the stock is owned by corporate insiders.
Several equities research analysts have commented on EPD shares. Bank of America boosted their price objective on Enterprise Products Partners from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 15th. Zacks Investment Research upgraded shares of Enterprise Products Partners from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research note on Wednesday, October 3rd. Raymond James raised their price objective on shares of Enterprise Products Partners from $34.00 to $35.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 4th. Credit Suisse Group initiated coverage on shares of Enterprise Products Partners in a report on Thursday, October 11th. They issued an “outperform” rating and a $36.00 target price for the company. Finally, Wells Fargo & Co raised their price objective on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $32.75.
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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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