Enterprise Products Partners L.P. $EPD Shares Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 5.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 443,070 shares of the oil and gas producer’s stock after buying an additional 22,457 shares during the quarter. Tectonic Advisors LLC’s holdings in Enterprise Products Partners were worth $15,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new position in shares of Enterprise Products Partners during the 2nd quarter worth $37,000. Bravera Wealth increased its stake in shares of Enterprise Products Partners by 666.7% in the second quarter. Bravera Wealth now owns 1,035 shares of the oil and gas producer’s stock worth $38,000 after purchasing an additional 900 shares in the last quarter. Markowski Investments bought a new stake in shares of Enterprise Products Partners in the second quarter valued at approximately $46,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of Enterprise Products Partners during the 2nd quarter valued at approximately $48,000. Finally, West Paces Advisors Inc. purchased a new stake in shares of Enterprise Products Partners during the 2nd quarter valued at approximately $55,000. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Trading Up 1.5%

Enterprise Products Partners stock traded up $0.56 during mid-day trading on Friday, hitting $37.08. The company’s stock had a trading volume of 2,730,272 shares, compared to its average volume of 3,923,327. The business has a 50 day moving average price of $37.74 and a 200-day moving average price of $37.79. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.93 and a quick ratio of 0.66. Enterprise Products Partners L.P. has a 12 month low of $30.02 and a 12 month high of $40.17. The stock has a market cap of $80.06 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.30 and a beta of 0.50.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Enterprise Products Partners had a return on equity of 20.67% and a net margin of 10.79%. The business had revenue of $18.27 billion for the quarter, compared to analysts’ expectations of $13.69 billion. During the same period in the previous year, the firm earned $0.66 EPS. The business’s quarterly revenue was up 60.8% on a year-over-year basis. As a group, analysts forecast that Enterprise Products Partners L.P. will post 3.10 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.24 annualized dividend and a yield of 6.0%. Enterprise Products Partners’s dividend payout ratio is presently 77.78%.

Analyst Ratings Changes

A number of research analysts recently weighed in on EPD shares. Capital One Financial began coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 22nd. They issued an “equal weight” rating and a $42.00 price objective for the company. Morgan Stanley reiterated an “underweight” rating and issued a $41.00 price target (up from $40.00) on shares of Enterprise Products Partners in a research report on Tuesday, August 18th. Wall Street Zen raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. Weiss Ratings raised shares of Enterprise Products Partners from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of Enterprise Products Partners from $43.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, October 8th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Enterprise Products Partners has a consensus rating of “Hold” and a consensus target price of $40.12.

Enterprise Products Partners News Summary

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

• Positive Sentiment: Strong dividend track record: Enterprise Products Partners has increased its distribution for 28 consecutive years, reinforcing its reputation as a reliable income investment. Its high yield is attracting investors seeking returns above those available from many savings products. 2 No-Brainer High-Yield Energy Stocks to Buy Right Now
• Positive Sentiment: Distribution appears well covered: One analysis says EPD covers its payout approximately 1.9 times, suggesting a meaningful cushion for its distribution and supporting the stock’s appeal among conservative income investors. Enterprise Products Covers Its Payout 1.9 Times
• Positive Sentiment: Potentially attractive valuation: Despite a roughly 121% five-year total return, commentary suggests the units may still trade below fair value based on the partnership’s earnings power, leaving room for further appreciation if results remain solid. EPD Stock Looks Below Fair Value
• Neutral Sentiment: Earnings are the next major event: Enterprise Products Partners was expected to release quarterly results Thursday. Investors will look for evidence that operating cash flow, earnings and distribution coverage continue to support the partnership’s income proposition. EPD Expected to Release Quarterly Earnings
• Negative Sentiment: Cash-flow risks remain: Analysts caution that headline pipeline yields do not alone prove distributions are safe; investors should examine underlying cash flow, capital spending and leverage. This could limit enthusiasm if coverage deteriorates. This Energy Giant’s High Dividend Yield Is Backed by an Important Number

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a North American midstream energy partnership headquartered in Houston, Texas. The company provides infrastructure and services for the transportation, storage, processing and export of energy products, connecting producers with domestic and international markets.

Its operations include pipelines, storage facilities, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, and marine terminals. Enterprise handles NGLs such as ethane, propane, butanes and natural gasoline, as well as crude oil, refined products, petrochemicals and natural gas.