Maryland State Retirement & Pension System Buys 21,916 Shares of Enterprise Products Partners L.P. $EPD

Maryland State Retirement & Pension System raised its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,366,687 shares of the oil and gas producer’s stock after acquiring an additional 21,916 shares during the period. Enterprise Products Partners accounts for about 0.9% of Maryland State Retirement & Pension System’s portfolio, making the stock its 20th biggest position. Maryland State Retirement & Pension System’s holdings in Enterprise Products Partners were worth $43,816,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Alps Advisors Inc. lifted its stake in Enterprise Products Partners by 0.6% during the 4th quarter. Alps Advisors Inc. now owns 42,639,131 shares of the oil and gas producer’s stock valued at $1,367,011,000 after acquiring an additional 260,305 shares in the last quarter. Morgan Stanley lifted its stake in Enterprise Products Partners by 4.8% during the 4th quarter. Morgan Stanley now owns 19,116,333 shares of the oil and gas producer’s stock valued at $612,870,000 after acquiring an additional 883,983 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Enterprise Products Partners by 12.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 18,163,343 shares of the oil and gas producer’s stock valued at $582,317,000 after acquiring an additional 1,940,583 shares in the last quarter. Energy Income Partners LLC lifted its stake in Enterprise Products Partners by 0.6% during the 3rd quarter. Energy Income Partners LLC now owns 14,705,122 shares of the oil and gas producer’s stock valued at $459,829,000 after acquiring an additional 80,884 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Enterprise Products Partners by 1.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,570,499 shares of the oil and gas producer’s stock valued at $361,810,000 after acquiring an additional 214,995 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Trading Down 0.0%

Shares of EPD opened at $36.49 on Wednesday. The business has a 50-day moving average of $37.96 and a 200 day moving average of $35.75. Enterprise Products Partners L.P. has a fifty-two week low of $30.01 and a fifty-two week high of $40.17. The firm has a market cap of $78.88 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 1.30 and a beta of 0.49. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.91.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.03). Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The firm had revenue of $14.39 billion during the quarter, compared to analysts’ expectations of $13.62 billion. During the same period last year, the business posted $0.64 EPS. The company’s revenue was down 6.7% compared to the same quarter last year. As a group, research analysts forecast that Enterprise Products Partners L.P. will post 2.98 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.20 annualized dividend and a yield of 6.0%. Enterprise Products Partners’s dividend payout ratio (DPR) is 81.48%.

Analysts Set New Price Targets

EPD has been the topic of several recent analyst reports. UBS Group restated a “buy” rating on shares of Enterprise Products Partners in a research note on Wednesday, March 4th. Wall Street Zen raised Enterprise Products Partners from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company raised Enterprise Products Partners from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $40.00 to $42.00 in a research report on Wednesday, March 25th. Wolfe Research raised Enterprise Products Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada raised their target price on Enterprise Products Partners from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Enterprise Products Partners currently has an average rating of “Hold” and an average price target of $39.67.

Insiders Place Their Bets

In other news, CEO Aj Teague acquired 2,665 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average price of $37.55 per share, with a total value of $100,070.75. Following the acquisition, the chief executive officer owned 77,576 shares in the company, valued at $2,912,978.80. The trade was a 3.56% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 32.60% of the company’s stock.

Enterprise Products Partners Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.