Stratos Wealth Partners LTD. Has $4.31 Million Holdings in Enterprise Products Partners L.P. $EPD

Stratos Wealth Partners LTD. grew its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,898 shares of the oil and gas producer’s stock after purchasing an additional 6,552 shares during the period. Stratos Wealth Partners LTD.’s holdings in Enterprise Products Partners were worth $4,307,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Enterprise Products Partners by 19.9% during the fourth quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock worth $1,023,000 after buying an additional 5,425 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Enterprise Products Partners by 4.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,116,068 shares of the oil and gas producer’s stock worth $38,103,000 after acquiring an additional 47,784 shares during the period. Advisor Resource Council acquired a new stake in shares of Enterprise Products Partners during the 1st quarter worth approximately $1,061,000. Castleview Partners LLC increased its position in shares of Enterprise Products Partners by 22.4% during the first quarter. Castleview Partners LLC now owns 17,136 shares of the oil and gas producer’s stock valued at $585,000 after purchasing an additional 3,136 shares during the period. Finally, Stonegate Investment Group LLC increased its position in shares of Enterprise Products Partners by 5.9% during the first quarter. Stonegate Investment Group LLC now owns 13,271 shares of the oil and gas producer’s stock valued at $453,000 after purchasing an additional 735 shares during the period. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

NYSE:EPD opened at $30.21 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.96 and a debt-to-equity ratio of 1.04. The firm has a market cap of $65.42 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 2.15 and a beta of 0.64. Enterprise Products Partners L.P. has a 12 month low of $27.77 and a 12 month high of $34.63. The company’s 50-day moving average price is $31.52 and its two-hundred day moving average price is $31.26.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Monday, July 28th. The oil and gas producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $11.36 billion for the quarter, compared to analyst estimates of $15.24 billion. Enterprise Products Partners had a return on equity of 19.81% and a net margin of 10.71%.The business’s quarterly revenue was down 15.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 EPS. On average, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Friday, October 31st. Enterprise Products Partners’s dividend payout ratio is presently 81.04%.

Insider Buying and Selling at Enterprise Products Partners

In other Enterprise Products Partners news, Director John R. Rutherford bought 15,000 shares of the stock in a transaction dated Tuesday, July 29th. The stock was bought at an average cost of $31.35 per share, for a total transaction of $470,250.00. Following the completion of the purchase, the director owned 158,586 shares in the company, valued at $4,971,671.10. This represents a 10.45% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William C. Montgomery purchased 16,000 shares of Enterprise Products Partners stock in a transaction that occurred on Wednesday, July 30th. The shares were bought at an average price of $31.55 per share, for a total transaction of $504,800.00. Following the transaction, the director owned 136,920 shares in the company, valued at $4,319,826. This represents a 13.23% increase in their ownership of the stock. The disclosure for this purchase can be found here. 32.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EPD has been the topic of a number of recent research reports. TD Cowen initiated coverage on shares of Enterprise Products Partners in a research note on Monday, July 7th. They set a “hold” rating and a $33.00 price target on the stock. Barclays lowered their target price on shares of Enterprise Products Partners from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Products Partners in a research report on Wednesday, October 8th. Stifel Nicolaus decreased their price objective on Enterprise Products Partners from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, July 29th. Finally, Scotiabank lowered their price objective on Enterprise Products Partners from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.82.

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.