Wealthcare Advisory Partners LLC Raises Holdings in Enterprise Products Partners L.P. $EPD

Wealthcare Advisory Partners LLC increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 21.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,933 shares of the oil and gas producer’s stock after purchasing an additional 16,157 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Enterprise Products Partners were worth $2,882,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Segment Wealth Management LLC increased its position in Enterprise Products Partners by 1.3% during the second quarter. Segment Wealth Management LLC now owns 254,651 shares of the oil and gas producer’s stock worth $7,897,000 after buying an additional 3,166 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Enterprise Products Partners by 1.8% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 19,353 shares of the oil and gas producer’s stock valued at $600,000 after acquiring an additional 347 shares during the last quarter. Hilltop National Bank purchased a new stake in Enterprise Products Partners during the 2nd quarter worth about $919,000. Requisite Capital Management LLC raised its stake in Enterprise Products Partners by 10.5% in the 2nd quarter. Requisite Capital Management LLC now owns 28,347 shares of the oil and gas producer’s stock valued at $879,000 after purchasing an additional 2,695 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in Enterprise Products Partners by 0.3% in the 2nd quarter. Truist Financial Corp now owns 2,025,351 shares of the oil and gas producer’s stock valued at $62,806,000 after purchasing an additional 6,387 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

EPD has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Products Partners in a report on Saturday, September 27th. Scotiabank lowered their target price on shares of Enterprise Products Partners from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Friday, September 19th. Mizuho set a $38.00 price target on Enterprise Products Partners and gave the stock an “outperform” rating in a research note on Friday, July 11th. Barclays decreased their price objective on Enterprise Products Partners from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, July 2nd. Finally, Stifel Nicolaus dropped their target price on Enterprise Products Partners from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.75.

Insider Buying and Selling

In other Enterprise Products Partners news, Director William C. Montgomery bought 16,000 shares of the business’s stock in a transaction dated Wednesday, July 30th. The shares were acquired at an average price of $31.55 per share, with a total value of $504,800.00. Following the purchase, the director owned 136,920 shares in the company, valued at approximately $4,319,826. The trade was a 13.23% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John R. Rutherford purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average cost of $31.35 per share, with a total value of $470,250.00. Following the completion of the transaction, the director owned 158,586 shares in the company, valued at $4,971,671.10. This trade represents a 10.45% increase in their position. The disclosure for this purchase can be found here. Insiders own 32.60% of the company’s stock.

Enterprise Products Partners Price Performance

Shares of Enterprise Products Partners stock opened at $31.52 on Tuesday. The stock has a market capitalization of $68.25 billion, a P/E ratio of 11.72, a PEG ratio of 2.25 and a beta of 0.64. The company has a current ratio of 0.96, a quick ratio of 0.69 and a debt-to-equity ratio of 1.04. The business’s fifty day moving average price is $31.57 and its 200 day moving average price is $31.43. Enterprise Products Partners L.P. has a twelve month low of $27.77 and a twelve month high of $34.63.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Monday, July 28th. The oil and gas producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Enterprise Products Partners had a return on equity of 19.81% and a net margin of 10.71%.The firm had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $15.24 billion. During the same quarter last year, the business earned $0.64 earnings per share. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. As a group, research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.