Beacon Financial Group Has $425,000 Stake in Enterprise Products Partners L.P. (EPD)

Beacon Financial Group trimmed its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 74.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,040 shares of the oil and gas producer’s stock after selling 46,902 shares during the period. Beacon Financial Group’s holdings in Enterprise Products Partners were worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Tortoise Capital Advisors L.L.C. increased its stake in Enterprise Products Partners by 5.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 43,760,469 shares of the oil and gas producer’s stock worth $1,140,835,000 after acquiring an additional 2,092,528 shares during the last quarter. Harvest Fund Advisors LLC increased its stake in Enterprise Products Partners by 5.1% during the third quarter. Harvest Fund Advisors LLC now owns 42,612,584 shares of the oil and gas producer’s stock worth $1,110,910,000 after acquiring an additional 2,076,377 shares during the last quarter. Alps Advisors Inc. increased its stake in Enterprise Products Partners by 0.5% during the third quarter. Alps Advisors Inc. now owns 38,933,881 shares of the oil and gas producer’s stock worth $1,015,006,000 after acquiring an additional 178,605 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Enterprise Products Partners by 4.3% during the third quarter. Neuberger Berman Group LLC now owns 19,989,662 shares of the oil and gas producer’s stock worth $521,130,000 after acquiring an additional 826,525 shares during the last quarter. Finally, Atlantic Trust Group LLC increased its stake in Enterprise Products Partners by 6.8% during the third quarter. Atlantic Trust Group LLC now owns 19,558,583 shares of the oil and gas producer’s stock worth $509,892,000 after acquiring an additional 1,240,194 shares during the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

Several equities research analysts have weighed in on the company. Bank of America initiated coverage on Enterprise Products Partners in a research note on Tuesday. They set a “buy” rating on the stock. Credit Suisse Group initiated coverage on Enterprise Products Partners in a research note on Thursday, January 4th. They set an “outperform” rating and a $31.00 target price on the stock. Scotiabank set a $33.00 target price on Enterprise Products Partners and gave the company a “buy” rating in a research note on Sunday, October 15th. Mizuho set a $31.00 target price on Enterprise Products Partners and gave the company a “buy” rating in a research note on Sunday, October 15th. Finally, BMO Capital Markets set a $33.00 target price on Enterprise Products Partners and gave the company a “buy” rating in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $30.93.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at $28.35 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $60,920.00, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 3.70 and a beta of 0.90. Enterprise Products Partners L.P. has a twelve month low of $23.59 and a twelve month high of $30.25.

In other Enterprise Products Partners news, Director Carin Marcy Barth acquired 12,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $300,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Aj Teague bought 11,300 shares of Enterprise Products Partners stock in a transaction that occurred on Wednesday, December 27th. The stock was purchased at an average price of $26.47 per share, with a total value of $299,111.00. Following the purchase, the chief executive officer now directly owns 1,474,183 shares in the company, valued at $39,021,624.01. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 31,550 shares of company stock valued at $799,256. 37.50% of the stock is owned by company insiders.

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Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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