119,990 Shares in Enterprise Products Partners L.P. (EPD) Purchased by Cypress Wealth Services LLC

Cypress Wealth Services LLC bought a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 119,990 shares of the oil and gas producer’s stock, valued at approximately $3,181,000. Enterprise Products Partners accounts for approximately 1.3% of Cypress Wealth Services LLC’s holdings, making the stock its 23rd largest position.

A number of other hedge funds also recently made changes to their positions in the business. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in Enterprise Products Partners by 0.8% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 9,163 shares of the oil and gas producer’s stock worth $248,000 after buying an additional 70 shares during the period. Laurel Wealth Advisors Inc. raised its holdings in Enterprise Products Partners by 1.7% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 21,334 shares of the oil and gas producer’s stock worth $577,000 after buying an additional 350 shares during the period. Ameritas Investment Partners Inc. raised its holdings in Enterprise Products Partners by 14.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 500 shares during the period. Advisory Services Network LLC raised its holdings in Enterprise Products Partners by 1.3% during the 2nd quarter. Advisory Services Network LLC now owns 42,448 shares of the oil and gas producer’s stock worth $1,149,000 after buying an additional 538 shares during the period. Finally, Cypress Capital Group raised its holdings in Enterprise Products Partners by 1.5% during the 2nd quarter. Cypress Capital Group now owns 48,780 shares of the oil and gas producer’s stock worth $1,321,000 after buying an additional 739 shares during the period. Hedge funds and other institutional investors own 36.93% of the company’s stock.

Enterprise Products Partners L.P. (EPD) traded down $0.09 during trading hours on Wednesday, hitting $27.09. 1,807,880 shares of the company traded hands, compared to its average volume of 5,950,481. Enterprise Products Partners L.P. has a twelve month low of $23.59 and a twelve month high of $29.51. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $58,280.00, a PE ratio of 24.40, a PEG ratio of 4.35 and a beta of 0.81.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Enterprise Products Partners had a net margin of 9.57% and a return on equity of 12.53%. The business had revenue of $8.43 billion during the quarter, compared to analysts’ expectations of $7.02 billion. During the same period last year, the business earned $0.31 earnings per share. The firm’s revenue was up 30.1% on a year-over-year basis. research analysts predict that Enterprise Products Partners L.P. will post 1.52 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 7th. Investors of record on Wednesday, January 31st were paid a $0.425 dividend. The ex-dividend date was Tuesday, January 30th. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 6.28%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 153.15%.

In related news, CEO Aj Teague acquired 11,300 shares of Enterprise Products Partners stock in a transaction on Wednesday, December 27th. The stock was purchased at an average cost of $26.47 per share, with a total value of $299,111.00. Following the completion of the transaction, the chief executive officer now directly owns 1,474,183 shares in the company, valued at approximately $39,021,624.01. The purchase was disclosed in a document filed with the SEC, which is available through this link. 37.50% of the stock is currently owned by company insiders.

A number of analysts have recently issued reports on EPD shares. Credit Suisse Group started coverage on shares of Enterprise Products Partners in a report on Thursday, January 4th. They issued an “outperform” rating and a $31.00 price objective on the stock. Bank of America started coverage on shares of Enterprise Products Partners in a report on Tuesday, January 9th. They issued a “buy” rating on the stock. Stifel Nicolaus lifted their price objective on shares of Enterprise Products Partners from $29.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $34.00 price objective on shares of Enterprise Products Partners in a report on Tuesday, January 16th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $29.00 price objective on shares of Enterprise Products Partners in a report on Friday, November 3rd. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $31.14.

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Enterprise Products Partners 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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