Intrua Financial LLC Has $2.22 Million Stake in Enterprise Products Partners L.P. $EPD

Intrua Financial LLC lifted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 12.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,699 shares of the oil and gas producer’s stock after buying an additional 7,661 shares during the period. Intrua Financial LLC’s holdings in Enterprise Products Partners were worth $2,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC increased its position in shares of Enterprise Products Partners by 19.9% in the fourth quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock worth $1,023,000 after purchasing an additional 5,425 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Enterprise Products Partners by 7.1% in the 1st quarter. Bank of New York Mellon Corp now owns 314,768 shares of the oil and gas producer’s stock valued at $10,746,000 after purchasing an additional 20,801 shares in the last quarter. Sigma Planning Corp grew its stake in shares of Enterprise Products Partners by 6.9% during the first quarter. Sigma Planning Corp now owns 36,668 shares of the oil and gas producer’s stock worth $1,252,000 after buying an additional 2,382 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Enterprise Products Partners by 19.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 12,264 shares of the oil and gas producer’s stock worth $419,000 after acquiring an additional 2,037 shares during the last quarter. Finally, Sage Mountain Advisors LLC bought a new position in Enterprise Products Partners in the 1st quarter valued at approximately $215,000. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Price Performance

EPD stock opened at $31.76 on Friday. The firm has a 50-day moving average of $31.27 and a 200 day moving average of $31.35. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.96 and a quick ratio of 0.69. The company has a market cap of $68.71 billion, a P/E ratio of 11.81, a PEG ratio of 2.22 and a beta of 0.67. Enterprise Products Partners L.P. has a 1 year low of $27.77 and a 1 year high of $34.63.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Wednesday, October 29th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.07). The firm had revenue of $12.02 billion during the quarter, compared to analysts’ expectations of $11.83 billion. Enterprise Products Partners had a return on equity of 19.81% and a net margin of 10.71%.The firm’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. On average, sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners declared that its board has authorized a share buyback program on Thursday, October 30th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the oil and gas producer to repurchase up to 7.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a $0.545 dividend. The ex-dividend date is Friday, October 31st. This represents a $2.18 dividend on an annualized basis and a yield of 6.9%. Enterprise Products Partners’s dividend payout ratio is presently 82.26%.

Analyst Upgrades and Downgrades

EPD has been the subject of several analyst reports. Stifel Nicolaus raised their price target on shares of Enterprise Products Partners from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Products Partners in a report on Wednesday, October 8th. Scotiabank decreased their price target on Enterprise Products Partners from $35.00 to $34.00 and set a “sector perform” rating for the company in a report on Tuesday, November 4th. Finally, Morgan Stanley reduced their target price on Enterprise Products Partners from $35.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Enterprise Products Partners Company Profile

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.