Sepio Capital LP Purchases 19,667 Shares of Enterprise Products Partners L.P. $EPD

Sepio Capital LP bought a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 19,667 shares of the oil and gas producer’s stock, valued at approximately $700,000.

A number of other hedge funds also recently made changes to their positions in EPD. Energy Income Partners LLC bought a new position in Enterprise Products Partners during the 2nd quarter valued at $508,461,000. Bank of America Corp DE bought a new position in Enterprise Products Partners during the second quarter worth $416,553,000. BlackRock Inc. acquired a new position in Enterprise Products Partners in the second quarter worth $255,325,000. Berkley W R Corp acquired a new stake in shares of Enterprise Products Partners during the second quarter worth $250,887,000. Finally, Corient Private Wealth LP bought a new position in shares of Enterprise Products Partners in the 2nd quarter worth about $99,119,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EPD. Wall Street Zen raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. Morgan Stanley restated an “underweight” rating and issued a $41.00 target price (up from $40.00) on shares of Enterprise Products Partners in a research report on Tuesday, August 18th. JPMorgan Chase & Co. lowered their target price on Enterprise Products Partners from $43.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, October 8th. Melius Research started coverage on shares of Enterprise Products Partners in a report on Tuesday, September 22nd. They issued a “hold” rating and a $42.00 price objective for the company. Finally, Capital One Financial began coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 22nd. They set an “equal weight” rating and a $42.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $40.12.

Key Headlines Impacting Enterprise Products Partners

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 Stock Up 1.5%

NYSE:EPD traded up $0.56 during trading hours on Friday, hitting $37.08. 2,730,272 shares of the company’s stock traded hands, compared to its average volume of 3,923,327. The stock’s fifty day moving average price is $37.74 and its two-hundred day moving average price is $37.79. The firm has a market cap of $80.06 billion, a P/E ratio of 12.87, a P/E/G ratio of 1.30 and a beta of 0.50. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.66 and a current ratio of 0.93. Enterprise Products Partners L.P. has a twelve month low of $30.02 and a twelve month high of $40.17.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. The firm had revenue of $18.27 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same quarter in the prior year, the business earned $0.66 EPS. The company’s revenue for the quarter was up 60.8% compared to the same quarter last year. On average, research analysts expect that Enterprise Products Partners L.P. will post 3.10 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

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

Enterprise Products Partners 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.