Victory Capital Management Inc. Boosts Holdings in Enterprise Products Partners L.P. $EPD

Victory Capital Management Inc. grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 70.6% during the third quarter, HoldingsChannel reports. The firm owned 1,495,518 shares of the oil and gas producer’s stock after purchasing an additional 619,014 shares during the quarter. Victory Capital Management Inc.’s holdings in Enterprise Products Partners were worth $46,765,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EPD. Invesco Ltd. raised its position in shares of Enterprise Products Partners by 0.3% in the 2nd quarter. Invesco Ltd. now owns 26,787,203 shares of the oil and gas producer’s stock worth $830,671,000 after acquiring an additional 69,505 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Enterprise Products Partners by 1.4% during the second quarter. American Century Companies Inc. now owns 18,652,232 shares of the oil and gas producer’s stock valued at $578,406,000 after purchasing an additional 252,513 shares in the last quarter. Energy Income Partners LLC boosted its position in shares of Enterprise Products Partners by 14.3% during the second 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 purchasing an additional 1,834,659 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Enterprise Products Partners by 3.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,355,504 shares of the oil and gas producer’s stock worth $352,134,000 after purchasing an additional 351,931 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in Enterprise Products Partners by 8.6% in the third quarter. Thrivent Financial for Lutherans now owns 4,182,229 shares of the oil and gas producer’s stock worth $130,778,000 after purchasing an additional 331,066 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Trading Up 0.8%

Shares of NYSE:EPD opened at $37.60 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.04 and a quick ratio of 0.60. Enterprise Products Partners L.P. has a 1 year low of $27.77 and a 1 year high of $37.77. The company has a market cap of $81.28 billion, a P/E ratio of 14.14, a PEG ratio of 2.67 and a beta of 0.59. The stock’s fifty day moving average price is $34.29 and its 200-day moving average price is $32.58.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $13.79 billion during the quarter, compared to the consensus estimate of $12.44 billion. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.Enterprise Products Partners’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS. Sell-side analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a $0.55 dividend. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.55. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Friday, January 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 82.71%.

Insider Buying and Selling at Enterprise Products Partners

In related news, Director John R. Rutherford acquired 15,000 shares of the stock in a transaction that occurred on Monday, December 29th. The shares were bought at an average price of $32.09 per share, for a total transaction of $481,350.00. Following the completion of the transaction, the director directly owned 173,586 shares in the company, valued at approximately $5,570,374.74. This trade represents a 9.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EPD. UBS Group reissued a “buy” rating on shares of Enterprise Products Partners in a research report on Wednesday. Stifel Nicolaus upped their target price on shares of Enterprise Products Partners from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday. Raymond James Financial lowered shares of Enterprise Products Partners from a “strong-buy” rating to an “outperform” rating and set a $36.00 price target for the company. in a research note on Monday, January 5th. Morgan Stanley lowered shares of Enterprise Products Partners from an “equal weight” rating to an “underweight” rating and set a $34.00 price objective on the stock. in a research note on Thursday, December 18th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $40.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.29.

Enterprise Products Partners Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.