Enterprise GP Holdings L.P. common stock (EPE) Shares Down 1.7% After Insider Selling

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Enterprise GP Holdings L.P. common stock (NYSE:EPE)’s share price dropped 1.7% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $2.40 and last traded at $2.38. Approximately 28,073 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 1,140,837 shares. The stock had previously closed at $2.42.

Specifically, major shareholder Apollo Investment Fund Vii L. P sold 416,054 shares of the stock in a transaction on Monday, July 9th. The shares were sold at an average price of $2.94, for a total transaction of $1,223,198.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Apollo Investment Fund Vii L. P sold 529,487 shares of the firm’s stock in a transaction dated Friday, July 13th. The stock was sold at an average price of $2.82, for a total transaction of $1,493,153.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,037,073 shares of company stock valued at $6,026,627. 0.39% of the stock is currently owned by company insiders.

Several equities analysts have recently commented on the company. ValuEngine cut Enterprise GP Holdings L.P. common stock from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. Johnson Rice started coverage on Enterprise GP Holdings L.P. common stock in a research report on Wednesday, March 21st. They set a “hold” rating and a $2.00 price objective for the company. Zacks Investment Research upgraded Enterprise GP Holdings L.P. common stock from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Thursday, June 21st. KLR Group lowered Enterprise GP Holdings L.P. common stock from a “buy” rating to a “hold” rating and set a $3.00 price objective for the company. in a report on Monday, May 14th. Finally, Wells Fargo & Co reduced their target price on Enterprise GP Holdings L.P. common stock from $3.00 to $2.00 and set a “market perform” rating on the stock in a research note on Monday, March 19th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $2.75.

The firm has a market cap of $678.69 million, a PE ratio of -6.23 and a beta of 4.04. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 10.01.

Enterprise GP Holdings L.P. common stock (NYSE:EPE) last released its quarterly earnings data on Tuesday, May 8th. The energy producer reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Enterprise GP Holdings L.P. common stock had a negative return on equity of 19.01% and a negative net margin of 12.59%. The business had revenue of $286.00 million for the quarter, compared to analysts’ expectations of $282.76 million. analysts forecast that Enterprise GP Holdings L.P. common stock will post -0.08 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP bought a new position in Enterprise GP Holdings L.P. common stock during the 4th quarter valued at about $986,000. Schwab Charles Investment Management Inc. grew its stake in shares of Enterprise GP Holdings L.P. common stock by 207.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 186,220 shares of the energy producer’s stock worth $440,000 after purchasing an additional 125,720 shares during the period. Fiera Capital Corp lifted its holdings in shares of Enterprise GP Holdings L.P. common stock by 150.0% during the 1st quarter. Fiera Capital Corp now owns 500,000 shares of the energy producer’s stock worth $670,000 after acquiring an additional 300,000 shares during the period. BlackRock Inc. boosted its stake in shares of Enterprise GP Holdings L.P. common stock by 5.3% during the 4th quarter. BlackRock Inc. now owns 4,045,762 shares of the energy producer’s stock valued at $9,548,000 after buying an additional 203,147 shares during the last quarter. Finally, Columbia Pacific Advisors LLC increased its holdings in shares of Enterprise GP Holdings L.P. common stock by 66.5% during the first quarter. Columbia Pacific Advisors LLC now owns 1,472,846 shares of the energy producer’s stock valued at $1,974,000 after purchasing an additional 588,381 shares during the period. 68.31% of the stock is owned by institutional investors.

About Enterprise GP Holdings L.P. common stock

EP Energy Corporation, an independent exploration and production company, engages in the exploration for and the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States. The company has interests in three primary areas, such as the Permian basin in West Texas; the Eagle Ford Shale in South Texas; and the Altamont Field in the Uinta basin in Northeastern Utah.

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