Robertson Stephens Wealth Management LLC Buys 25,261 Shares of Enterprise Products Partners L.P. $EPD

Robertson Stephens Wealth Management LLC raised its stake in shares of Enterprise Products Partners L.P. (NYSE:EPDFree Report) by 74.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,377 shares of the oil and gas producer’s stock after purchasing an additional 25,261 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Enterprise Products Partners were worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Arete Wealth Advisors LLC lifted its position in Enterprise Products Partners by 1.5% during the third quarter. Arete Wealth Advisors LLC now owns 21,145 shares of the oil and gas producer’s stock valued at $661,000 after purchasing an additional 317 shares during the last quarter. ORG Wealth Partners LLC lifted its position in Enterprise Products Partners by 0.5% during the fourth quarter. ORG Wealth Partners LLC now owns 66,266 shares of the oil and gas producer’s stock valued at $2,125,000 after purchasing an additional 317 shares during the last quarter. Walker Asset Management LLC lifted its position in Enterprise Products Partners by 1.7% during the fourth quarter. Walker Asset Management LLC now owns 19,678 shares of the oil and gas producer’s stock valued at $631,000 after purchasing an additional 326 shares during the last quarter. Patrick M Sweeney & Associates Inc. lifted its position in Enterprise Products Partners by 2.9% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 11,978 shares of the oil and gas producer’s stock valued at $375,000 after purchasing an additional 334 shares during the last quarter. Finally, ProVise Management Group LLC lifted its position in Enterprise Products Partners by 0.3% during the fourth quarter. ProVise Management Group LLC now owns 115,708 shares of the oil and gas producer’s stock valued at $3,710,000 after purchasing an additional 345 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

More Enterprise Products Partners News

Here are the key news stories impacting Enterprise Products Partners this week:

Insider Buying and Selling

In other news, CEO Aj Teague purchased 2,665 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average cost of $37.55 per share, for a total transaction of $100,070.75. Following the acquisition, the chief executive officer directly owned 77,576 shares of the company’s stock, valued at $2,912,978.80. This represents a 3.56% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 32.60% of the stock is owned by corporate insiders.

Enterprise Products Partners Trading Down 1.5%

Shares of EPD opened at $38.13 on Friday. The firm has a market cap of $82.42 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.44 and a beta of 0.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.74 and a current ratio of 1.04. Enterprise Products Partners L.P. has a fifty-two week low of $29.68 and a fifty-two week high of $39.74. The firm has a 50 day moving average price of $37.51 and a 200-day moving average price of $34.24.

Enterprise Products Partners (NYSE:EPDGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). Enterprise Products Partners had a return on equity of 19.56% and a net margin of 11.45%.The business had revenue of $14.39 billion during the quarter, compared to the consensus estimate of $13.62 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was down 6.7% compared to the same quarter last year. As a group, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.89 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 30th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Thursday, April 30th. Enterprise Products Partners’s dividend payout ratio is currently 81.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EPD shares. Wolfe Research upgraded shares of Enterprise Products Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. TD Cowen restated a “hold” rating and issued a $38.00 price objective (up from $34.00) on shares of Enterprise Products Partners in a report on Thursday, April 16th. JPMorgan Chase & Co. boosted their price objective on shares of Enterprise Products Partners from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Raymond James Financial lowered shares of Enterprise Products Partners from a “strong-buy” rating to an “outperform” rating and set a $36.00 price objective for the company. in a report on Monday, January 5th. Finally, UBS Group restated a “buy” rating on shares of Enterprise Products Partners in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Enterprise Products Partners currently has an average rating of “Moderate Buy” and a consensus target price of $38.67.

View Our Latest Stock Analysis on EPD

Enterprise Products Partners Company Profile

(Free Report)

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.

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

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