Enterprise Products Partners L.P. (NYSE:EPD) Shares Purchased by Diversified Trust Co

Diversified Trust Co increased its position in Enterprise Products Partners LP (NYSE:EPD – Get Rating) by 4.8% in the third quarter, according to its most recent 13F filing with the SEC. The company owned 17,428 shares of the oil and gas producer after buying another 796 shares during the period. Diversified Trust Co’s holdings in Enterprise Products Partners were valued at $414,000 at the end of the last reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its stake in Enterprise Products Partners by 13.2% during the first quarter. Advisory Services Network LLC now owns 112,738 shares of the oil and gas producer’s stock valued at $2,909,000 after purchasing an additional 13,114 shares during the period. Apollon Wealth Management LLC increased its stake in Enterprise Products Partners by 2.5% in the second quarter. Apollon Wealth Management LLC now owns 28,393 shares of the oil and gas producer’s stock valued at $692,000 after purchasing an additional 700 shares during the period. Fairholme Capital Management LLC increased its stake in Enterprise Products Partners by 52.4% in the first quarter. Fairholme Capital Management LLC now owns 3,224,800 shares of the oil and gas producer’s stock valued at $83,232,000 after purchasing an additional 1,108,900 shares during the period. Private Advisor Group LLC increased its stake in Enterprise Products Partners by 4.9% during the first quarter. Private Advisor Group LLC now owns 311,207 shares of the oil and gas producer’s stock valued at $8,032,000 after purchasing an additional 14,663 shares during the period. Finally, HBW Advisory Services LLC increased its stake in Enterprise Products Partners by 7.2% during the third quarter. HBW Advisory Services LLC now owns 16,776 shares of the oil and gas producer’s stock valued at $399,000 after purchasing an additional 1,125 shares during the period. Institutional investors and hedge funds own 26.54% of the company’s shares.

Insider buying and selling

In other news, CEO Aj Teague bought 21,150 shares of the company’s stock in a transaction that took place on Tuesday, December 20th. The shares were purchased at an average price of $23.60 per share for a total transaction of $499,140.00. Following the acquisition, the Chief Executive Officer now directly owns 2,335,225 shares of the Company, valued at approximately $55,111,310. The purchase was disclosed in a filing with the SEC available at this hyperlink. In related news, Director John R. Rutherford acquired 10,000 shares of the company’s stock in a transaction on Wednesday, November 23. The shares were purchased at an average price of $24.88 per share for a total transaction of $248,800.00. Following the acquisition, the Director now owns 123,941 shares of the Company, valued at approximately $3,083,652.08. The transaction was disclosed in a legal filing with the SEC available at this hyperlink. Also, CEO Aj Teague acquired 21,150 shares of the company’s shares in a transaction on Tuesday, December 20th. The shares were purchased at an average price of $23.60 per share for a total transaction of $499,140.00. Following the acquisition, the Chief Executive Officer now owns 2,335,225 shares of the Company, valued at approximately $55,111,310. The disclosure for this purchase can be found here. Insiders own 32.60% of the company’s shares.

Stocks of corporate products up 1.4%

EPD shares opened at $23.95 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.61 and a debt to equity ratio of 0.97. Enterprise Products Partners LP has a 1 year low of $21.32 and a 1 year high of $28.65. The company has a 50-day simple moving average of $24.63 and a 200-day simple moving average of $25.26. The company has a market cap of $52.10 billion, a P/E of 10.32 and a beta of 1.12.

Enterprise Products Partners (NYSE:EPD – Get Rating) last released its quarterly earnings data on Tuesday, November 1st. The oil and gas producer reported earnings per share (EPS) of $0.63 for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $15.47 billion in the quarter, compared to analyst estimates of $13.85 billion. Enterprise Products Partners had a net margin of 9.12% and a return on equity of 19.59%. Sell-side analysts expect Enterprise Products Partners LP to post 2.47 EPS for the current fiscal year.

Enterprise Products Partners announces dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 14th. Investors of record were paid a dividend of $0.475 on Monday October 31st. The ex-dividend date of this dividend was Friday October 28th. That equates to an annualized dividend of $1.90 and a yield of 7.93%. Enterprise Products Partners’ dividend payout ratio (DPR) is currently 81.90%.

Analysts set new price targets

EPD has been the subject of a number of research reports. StockNews.com began coverage of Enterprise Products Partners stock in a research note on Wednesday, October 12th. They give the company a “buy” rating. Tudor Pickering lowered shares of Enterprise Products Partners from a “buy” rating to a “hold” rating and set a price target of $29.00 for the company. in a research note on Tuesday, October 18. Citigroup began reporting on shares of Enterprise Products Partners in a research note on Thursday, December 8th. They put a “buy” rating on the company and a price target of $31.00. Finally, Tudor, Pickering, Holt & Co. downgraded shares of Enterprise Products Partners from a “buy” rating to a “hold” rating and set a price target of $29.00 for the company. in a research note on Tuesday, October 18. Three investment analysts have rated the stock with a hold rating, seven with a buy rating and one with a strong buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.89.

Partner profile for enterprise products

(received rating)

Enterprise Products Partners LP provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products. The Company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

Selected Stories

Receive daily news and reviews for enterprise product partners – Enter your email address below to receive MarketBeat.com’s FREE daily email newsletter, a concise daily summary of the latest news and analysts’ ratings for Enterprise Product Partners and related companies.