Enterprise Products Partners L.P. (EPD) Holdings Lifted by Mutual Advisors LLC

Mutual Advisors LLC raised its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 11.7% during the third quarter, Holdings Channel reports. The institutional investor owned 98,139 shares of the oil and gas producer’s stock after purchasing an additional 10,273 shares during the quarter. Mutual Advisors LLC’s holdings in Enterprise Products Partners were worth $2,820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EPD. Aperio Group LLC lifted its position in shares of Enterprise Products Partners by 93.0% during the second quarter. Aperio Group LLC now owns 52,398 shares of the oil and gas producer’s stock worth $1,450,000 after purchasing an additional 25,246 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Enterprise Products Partners by 3.9% during the second quarter. Alps Advisors Inc. now owns 37,546,525 shares of the oil and gas producer’s stock worth $1,038,912,000 after purchasing an additional 1,424,981 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Enterprise Products Partners by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 556,318 shares of the oil and gas producer’s stock worth $15,393,000 after purchasing an additional 7,748 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Enterprise Products Partners by 532.9% during the second quarter. Toronto Dominion Bank now owns 711,111 shares of the oil and gas producer’s stock worth $19,673,000 after purchasing an additional 598,745 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Enterprise Products Partners by 30.3% during the second quarter. SG Americas Securities LLC now owns 126,846 shares of the oil and gas producer’s stock worth $3,510,000 after purchasing an additional 29,517 shares in the last quarter. 37.32% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the stock. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a research report on Monday, August 20th. Bank of America increased their price target on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, October 15th. Zacks Investment Research cut shares of Enterprise Products Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Raymond James increased their price target on shares of Enterprise Products Partners from $34.00 to $35.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 4th. Finally, Credit Suisse Group started coverage on shares of Enterprise Products Partners in a research report on Thursday, October 11th. They set an “outperform” rating and a $36.00 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $32.75.

In related news, CEO Aj Teague purchased 15,005 shares of the company’s 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James T. Hackett sold 25,000 shares of the stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $26.94, for a total transaction of $673,500.00. Following the completion of the transaction, the director now owns 226,832 shares in the company, valued at $6,110,854.08. The disclosure for this sale can be found here. 37.50% of the stock is currently owned by corporate insiders.

EPD stock opened at $25.85 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.70. Enterprise Products Partners L.P. has a fifty-two week low of $23.10 and a fifty-two week high of $30.05. The company has a market cap of $55.86 billion, a P/E ratio of 19.58, a PEG ratio of 4.60 and a beta of 0.88.

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 for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.15. Enterprise Products Partners had a net margin of 10.23% and a return on equity of 16.28%. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.72 billion. During the same period in the prior year, the firm earned $0.28 earnings per share. The business’s quarterly revenue was up 39.2% compared to the same quarter last year. Analysts anticipate that Enterprise Products Partners L.P. will post 1.87 EPS for the current year.

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About Enterprise Products Partners

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

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