MML Investors Services LLC grew its position in Enterprise Products Partners L.P. (NYSE:EPD) by 14.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,943 shares of the oil and gas producer’s stock after buying an additional 6,979 shares during the period. MML Investors Services LLC’s holdings in Enterprise Products Partners were worth $1,550,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Montag A & Associates Inc. grew its stake in shares of Enterprise Products Partners by 23.0% in the 3rd quarter. Montag A & Associates Inc. now owns 21,355 shares of the oil and gas producer’s stock valued at $614,000 after buying an additional 4,000 shares during the period. Brasada Capital Management LP grew its stake in shares of Enterprise Products Partners by 16.7% in the 3rd quarter. Brasada Capital Management LP now owns 131,555 shares of the oil and gas producer’s stock valued at $3,780,000 after buying an additional 18,823 shares during the period. Ffcm LLC grew its stake in shares of Enterprise Products Partners by 908.3% in the 3rd quarter. Ffcm LLC now owns 8,369 shares of the oil and gas producer’s stock valued at $913,000 after buying an additional 7,539 shares during the period. Brighton Jones LLC boosted its position in shares of Enterprise Products Partners by 19.8% during the 3rd quarter. Brighton Jones LLC now owns 11,556 shares of the oil and gas producer’s stock worth $332,000 after purchasing an additional 1,913 shares during the period. Finally, Frontier Investment Mgmt Co. boosted its position in shares of Enterprise Products Partners by 102.3% during the 3rd quarter. Frontier Investment Mgmt Co. now owns 57,626 shares of the oil and gas producer’s stock worth $1,656,000 after purchasing an additional 29,138 shares during the period. 36.47% of the stock is owned by institutional investors and hedge funds.
In other Enterprise Products Partners news, CEO Aj Teague bought 15,005 shares of Enterprise Products Partners stock in a transaction on Wednesday, November 14th. The shares were bought at an average cost of $26.32 per share, for a total transaction of $394,931.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider W Randall Fowler bought 10,000 shares of Enterprise Products Partners stock in a transaction on Tuesday, November 13th. The shares were acquired at an average price of $26.19 per share, for a total transaction of $261,900.00. The disclosure for this purchase can be found here. 37.50% of the stock is owned by corporate insiders.
Enterprise Products Partners stock opened at $25.99 on Friday. The company has a market cap of $56.17 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 4.63 and a beta of 0.87. Enterprise Products Partners L.P. has a 52-week low of $23.10 and a 52-week high of $30.05. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96.
Enterprise Products Partners (NYSE:EPD) last released its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.15. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.72 billion. Enterprise Products Partners had a net margin of 10.23% and a return on equity of 16.28%. The firm’s quarterly revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. Equities analysts expect that Enterprise Products Partners L.P. will post 1.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 8th. Shareholders of record on Wednesday, October 31st were issued a dividend of $0.4325 per share. The ex-dividend date was Tuesday, October 30th. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.43. This represents a $1.73 dividend on an annualized basis and a yield of 6.66%. Enterprise Products Partners’s dividend payout ratio is 131.06%.
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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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