Enterprise Products Partners L.P. $EPD Stock Position Raised by HRT Financial LP

HRT Financial LP boosted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 118.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,528,580 shares of the oil and gas producer’s stock after purchasing an additional 827,780 shares during the period. HRT Financial LP owned 0.07% of Enterprise Products Partners worth $47,401,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Invesco Ltd. boosted its position in shares of Enterprise Products Partners by 0.3% in the second quarter. Invesco Ltd. now owns 26,787,203 shares of the oil and gas producer’s stock worth $830,671,000 after buying an additional 69,505 shares during the period. American Century Companies Inc. boosted its position in Enterprise Products Partners by 1.4% during the 2nd quarter. American Century Companies Inc. now owns 18,652,232 shares of the oil and gas producer’s stock worth $578,406,000 after acquiring an additional 252,513 shares during the period. Energy Income Partners LLC grew its stake in Enterprise Products Partners by 14.3% during the 2nd quarter. Energy Income Partners LLC now owns 14,624,238 shares of the oil and gas producer’s stock valued at $453,498,000 after acquiring an additional 1,834,659 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Enterprise Products Partners by 3.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,355,504 shares of the oil and gas producer’s stock valued at $352,134,000 after purchasing an additional 351,931 shares during the period. Finally, Chickasaw Capital Management LLC increased its holdings in shares of Enterprise Products Partners by 1.5% in the 2nd quarter. Chickasaw Capital Management LLC now owns 5,515,066 shares of the oil and gas producer’s stock valued at $171,022,000 after purchasing an additional 81,135 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Trading Down 0.4%

Shares of NYSE:EPD opened at $32.10 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.60 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $69.43 billion, a PE ratio of 12.11, a P/E/G ratio of 2.46 and a beta of 0.59. Enterprise Products Partners L.P. has a 1 year low of $27.77 and a 1 year high of $34.53. The firm has a fifty day moving average price of $31.55 and a 200 day moving average price of $31.51.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Wednesday, October 29th. The oil and gas producer reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.07). The company had revenue of $12.02 billion during the quarter, compared to analyst estimates of $11.83 billion. Enterprise Products Partners had a return on equity of 19.40% and a net margin of 10.92%.Enterprise Products Partners’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. Analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $2.18 dividend on an annualized basis and a yield of 6.8%. Enterprise Products Partners’s dividend payout ratio is presently 82.26%.

Enterprise Products Partners declared that its board has approved a share buyback plan on Thursday, October 30th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the oil and gas producer to reacquire up to 7.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

EPD has been the topic of a number of research analyst reports. Morgan Stanley set a $34.00 price objective on shares of Enterprise Products Partners and gave the company an “equal weight” rating in a research report on Tuesday, December 2nd. Stifel Nicolaus boosted their price target on shares of Enterprise Products Partners from $35.00 to $38.00 and gave the company a “buy” rating in a report on Friday, October 31st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $35.00 price target on shares of Enterprise Products Partners in a research note on Monday, December 1st. Scotiabank reduced their price objective on Enterprise Products Partners from $35.00 to $34.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Products Partners in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.82.

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.