Hilltop Holdings Inc. Increases Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Hilltop Holdings Inc. lifted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 14.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 103,556 shares of the oil and gas producer’s stock after purchasing an additional 12,999 shares during the quarter. Hilltop Holdings Inc.’s holdings in Enterprise Products Partners were worth $3,014,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. purchased a new position in Enterprise Products Partners during the 2nd quarter valued at approximately $25,000. Mascoma Wealth Management LLC purchased a new position in shares of Enterprise Products Partners in the second quarter valued at $29,000. DiNuzzo Private Wealth Inc. grew its holdings in shares of Enterprise Products Partners by 1,000.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 1,000 shares in the last quarter. Assetmark Inc. increased its position in Enterprise Products Partners by 19,800.0% in the third quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer’s stock worth $35,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in Enterprise Products Partners during the third quarter valued at $36,000. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on EPD. StockNews.com cut shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. US Capital Advisors upgraded Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, Bank of America initiated coverage on Enterprise Products Partners in a report on Thursday, October 17th. They issued a “buy” rating and a $35.00 target price for the company. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $34.00.

Enterprise Products Partners Trading Down 1.8 %

Shares of NYSE EPD opened at $33.81 on Tuesday. Enterprise Products Partners L.P. has a fifty-two week low of $25.96 and a fifty-two week high of $34.63. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The company has a market cap of $73.29 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.78 and a beta of 1.08. The business’s 50 day moving average price is $30.11 and its 200-day moving average price is $29.36.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The business had revenue of $13.78 billion during the quarter, compared to analysts’ expectations of $13.87 billion. Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were given a $0.525 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.10 annualized dividend and a yield of 6.21%. Enterprise Products Partners’s dividend payout ratio (DPR) is 78.65%.

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.