Integrity Alliance LLC. Acquires 23,681 Shares of Enterprise Products Partners L.P. $EPD

Integrity Alliance LLC. increased its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 26.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,931 shares of the oil and gas producer’s stock after acquiring an additional 23,681 shares during the period. Integrity Alliance LLC.’s holdings in Enterprise Products Partners were worth $3,685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EPD. CIBC Bancorp USA Inc. bought a new position in Enterprise Products Partners during the third quarter valued at $292,194,000. Corient Private Wealth LLC grew its holdings in Enterprise Products Partners by 119.4% during the second quarter. Corient Private Wealth LLC now owns 2,414,035 shares of the oil and gas producer’s stock valued at $74,859,000 after purchasing an additional 1,313,976 shares during the period. Vestmark Advisory Solutions Inc. grew its holdings in Enterprise Products Partners by 5,743.2% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,019,056 shares of the oil and gas producer’s stock valued at $32,671,000 after purchasing an additional 1,001,616 shares during the period. Berkley W R Corp grew its holdings in Enterprise Products Partners by 17.9% during the third quarter. Berkley W R Corp now owns 6,000,000 shares of the oil and gas producer’s stock valued at $187,620,000 after purchasing an additional 910,206 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Enterprise Products Partners by 24.6% during the fourth quarter. HighTower Advisors LLC now owns 3,858,629 shares of the oil and gas producer’s stock valued at $123,708,000 after purchasing an additional 762,079 shares during the period. 26.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EPD shares. JPMorgan Chase & Co. increased their price objective on Enterprise Products Partners from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Citigroup reissued a “buy” rating and set a $44.00 price objective (up from $39.00) on shares of Enterprise Products Partners in a report on Friday, May 1st. Scotiabank reissued a “sector perform” rating and set a $40.00 price objective (up from $39.00) on shares of Enterprise Products Partners in a report on Tuesday, May 12th. Weiss Ratings lowered Enterprise Products Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, May 21st. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $39.00 price objective on shares of Enterprise Products Partners in a report on Thursday, May 14th. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $39.67.

Insider Activity

In related news, CEO Aj Teague bought 2,665 shares of the company’s stock in a transaction on Friday, March 20th. The shares were purchased at an average price of $37.55 per share, for a total transaction of $100,070.75. Following the completion of the transaction, the chief executive officer directly owned 77,576 shares in the company, valued at approximately $2,912,978.80. The trade was a 3.56% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 32.60% of the stock is currently owned by corporate insiders.

Enterprise Products Partners Trading Down 1.0%

NYSE:EPD opened at $38.03 on Thursday. The company has a market cap of $82.21 billion, a P/E ratio of 14.09, a P/E/G ratio of 1.43 and a beta of 0.52. The stock’s fifty day moving average price is $38.15 and its two-hundred day moving average price is $35.21. Enterprise Products Partners L.P. has a 1 year low of $30.01 and a 1 year high of $40.17. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.91 and a quick ratio of 0.61.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.03). The company had revenue of $14.39 billion for the quarter, compared to analysts’ expectations of $13.62 billion. Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The company’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. As a group, analysts expect that Enterprise Products Partners L.P. will post 2.95 EPS for the current year.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, April 30th. This represents a $2.20 annualized dividend and a dividend yield of 5.8%. Enterprise Products Partners’s dividend payout ratio is currently 81.48%.

About Enterprise Products Partners

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.