M Holdings Securities Inc. Acquires New Holdings in Enterprise Products Partners L.P. $EPD

M Holdings Securities Inc. bought a new stake in Enterprise Products Partners L.P. (NYSE:EPD) in the third quarter, Holdings Channel.com reports. The institutional investor bought 17,675 shares of the oil and gas producer’s stock, valued at approximately $553,000.

Several other hedge funds also recently modified their holdings of EPD. Tred Avon Family Wealth LLC acquired a new position in Enterprise Products Partners during the third quarter valued at approximately $1,015,000. Tectonic Advisors LLC lifted its stake in shares of Enterprise Products Partners by 10.0% in the third quarter. Tectonic Advisors LLC now owns 678,769 shares of the oil and gas producer’s stock worth $21,225,000 after buying an additional 61,669 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Enterprise Products Partners by 20.2% in the third quarter. Advisors Asset Management Inc. now owns 229,911 shares of the oil and gas producer’s stock worth $7,189,000 after buying an additional 38,660 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Enterprise Products Partners by 3.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,252,088 shares of the oil and gas producer’s stock worth $39,153,000 after buying an additional 36,339 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in shares of Enterprise Products Partners by 118.9% during the 2nd quarter. Corient Private Wealth LLC now owns 2,407,544 shares of the oil and gas producer’s stock worth $74,658,000 after buying an additional 1,307,485 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

EPD has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on shares of Enterprise Products Partners from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday. The Goldman Sachs Group restated a “neutral” rating and set a $32.00 price target on shares of Enterprise Products Partners in a report on Friday, December 19th. JPMorgan Chase & Co. raised their price target on Enterprise Products Partners from $35.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday. Wolfe Research lowered Enterprise Products Partners from a “peer perform” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a research note on Wednesday, January 14th. Finally, Scotiabank reissued a “sector perform” rating and set a $37.00 price objective (up from $35.00) on shares of Enterprise Products Partners in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Enterprise Products Partners has an average rating of “Hold” and a consensus target price of $36.71.

Enterprise Products Partners Price Performance

NYSE:EPD opened at $37.01 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.04 and a quick ratio of 0.74. Enterprise Products Partners L.P. has a one year low of $27.77 and a one year high of $38.22. The company has a fifty day moving average price of $34.78 and a 200 day moving average price of $32.75. The stock has a market cap of $80.00 billion, a P/E ratio of 13.91, a PEG ratio of 1.47 and a beta of 0.59.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.33%. The company had revenue of $13.79 billion for the quarter, compared to analyst estimates of $12.44 billion. During the same period last year, the business posted $0.74 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a $0.55 dividend. The ex-dividend date was Friday, January 30th. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.55. This represents a $2.20 annualized dividend and a dividend yield of 5.9%. Enterprise Products Partners’s dividend payout ratio is 82.71%.

Insiders Place Their Bets

In other news, Director John R. Rutherford purchased 15,000 shares of the stock in a transaction that occurred on Monday, December 29th. The shares were purchased at an average cost of $32.09 per share, for a total transaction of $481,350.00. Following the completion of the purchase, the director directly owned 173,586 shares of the company’s stock, valued at approximately $5,570,374.74. The trade was a 9.46% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 32.60% of the stock is currently owned by company insiders.

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.