Randa Duncan Williams Acquires 50,000 Shares of Enterprise Products Partners L.P. (NYSE:EPD) Stock

Enterprise Products Partners L.P. (NYSE:EPD) Director Randa Duncan Williams acquired 50,000 shares of Enterprise Products Partners stock in a transaction that occurred on Friday, February 14th. The shares were purchased at an average cost of $26.12 per share, for a total transaction of $1,306,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Randa Duncan Williams also recently made the following trade(s):

  • On Wednesday, February 12th, Randa Duncan Williams acquired 50,000 shares of Enterprise Products Partners stock. The shares were purchased at an average cost of $26.50 per share, for a total transaction of $1,325,000.00.
  • On Monday, February 10th, Randa Duncan Williams acquired 50,000 shares of Enterprise Products Partners stock. The shares were purchased at an average cost of $25.49 per share, for a total transaction of $1,274,500.00.
  • On Friday, February 7th, Randa Duncan Williams acquired 50,000 shares of Enterprise Products Partners stock. The shares were purchased at an average cost of $25.56 per share, for a total transaction of $1,278,000.00.
  • On Wednesday, February 5th, Randa Duncan Williams acquired 50,000 shares of Enterprise Products Partners stock. The shares were purchased at an average cost of $26.33 per share, for a total transaction of $1,316,500.00.
  • On Monday, February 3rd, Randa Duncan Williams purchased 200,000 shares of Enterprise Products Partners stock. The stock was bought at an average cost of $25.62 per share, for a total transaction of $5,124,000.00.
  • On Monday, December 30th, Randa Duncan Williams purchased 103,000 shares of Enterprise Products Partners stock. The stock was bought at an average cost of $28.13 per share, for a total transaction of $2,897,390.00.
  • On Wednesday, December 18th, Randa Duncan Williams purchased 1,600 shares of Enterprise Products Partners stock. The stock was bought at an average cost of $27.99 per share, for a total transaction of $44,784.00.
  • On Monday, December 16th, Randa Duncan Williams purchased 177,000 shares of Enterprise Products Partners stock. The stock was bought at an average cost of $27.65 per share, for a total transaction of $4,894,050.00.
  • On Thursday, December 12th, Randa Duncan Williams purchased 37,196 shares of Enterprise Products Partners stock. The stock was bought at an average cost of $27.85 per share, for a total transaction of $1,035,908.60.
  • On Wednesday, December 4th, Randa Duncan Williams purchased 322,000 shares of Enterprise Products Partners stock. The stock was bought at an average cost of $25.96 per share, for a total transaction of $8,359,120.00.

Shares of EPD stock traded up $0.18 during trading on Friday, reaching $26.27. The company’s stock had a trading volume of 4,437,053 shares, compared to its average volume of 5,839,699. The business has a fifty day moving average price of $27.54 and a 200-day moving average price of $27.73. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The company has a market cap of $55.80 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89. Enterprise Products Partners L.P. has a one year low of $25.04 and a one year high of $30.86.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.04). The business had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $8.58 billion. Enterprise Products Partners had a return on equity of 19.03% and a net margin of 14.00%. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. Research analysts anticipate that Enterprise Products Partners L.P. will post 2.19 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Friday, January 31st were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 6.78%. The ex-dividend date was Thursday, January 30th. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.44. Enterprise Products Partners’s payout ratio is currently 82.79%.

A number of research analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of Enterprise Products Partners in a research note on Monday, January 6th. They issued an “overweight” rating and a $32.00 price target on the stock. ValuEngine raised shares of Enterprise Products Partners from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Enterprise Products Partners currently has an average rating of “Buy” and a consensus target price of $33.88.

Several hedge funds have recently made changes to their positions in EPD. Advisory Alpha LLC increased its holdings in Enterprise Products Partners by 315.4% during the fourth quarter. Advisory Alpha LLC now owns 2,077 shares of the oil and gas producer’s stock worth $60,000 after buying an additional 1,577 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Enterprise Products Partners during the fourth quarter worth $33,792,000. Ancora Advisors LLC increased its holdings in Enterprise Products Partners by 11.3% during the fourth quarter. Ancora Advisors LLC now owns 279,995 shares of the oil and gas producer’s stock worth $7,884,000 after buying an additional 28,336 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Enterprise Products Partners by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 455,409 shares of the oil and gas producer’s stock worth $12,824,000 after buying an additional 4,239 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Enterprise Products Partners by 1.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 52,195,843 shares of the oil and gas producer’s stock worth $1,469,836,000 after buying an additional 493,257 shares during the last quarter. 36.81% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. 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.

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