Heronetta Management L.P. Buys 9,211 Shares of Enterprise Products Partners L.P. (EPD)

Heronetta Management L.P. grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 987,881 shares of the oil and gas producer’s stock after purchasing an additional 9,211 shares during the period. Enterprise Products Partners L.P. comprises about 14.3% of Heronetta Management L.P.’s holdings, making the stock its biggest holding. Heronetta Management L.P.’s holdings in Enterprise Products Partners L.P. were worth $25,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in EPD. Janus Henderson Group PLC purchased a new stake in shares of Enterprise Products Partners L.P. during the second quarter valued at $259,960,000. Principal Financial Group Inc. purchased a new stake in shares of Enterprise Products Partners L.P. during the second quarter valued at $143,325,000. Commonwealth Bank of Australia lifted its holdings in shares of Enterprise Products Partners L.P. by 182.9% during the second quarter. Commonwealth Bank of Australia now owns 6,136,898 shares of the oil and gas producer’s stock valued at $166,186,000 after purchasing an additional 3,967,879 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Enterprise Products Partners L.P. by 5,083.2% during the first quarter. BlackRock Inc. now owns 3,225,992 shares of the oil and gas producer’s stock valued at $89,069,000 after purchasing an additional 3,163,753 shares during the last quarter. Finally, Beach Investment Management LLC. raised its position in Enterprise Products Partners L.P. by 1,922.5% during the second quarter. Beach Investment Management LLC. now owns 1,920,324 shares of the oil and gas producer’s stock valued at $52,002,000 after buying an additional 1,825,374 shares during the period. 37.48% of the stock is owned by institutional investors and hedge funds.

Shares of Enterprise Products Partners L.P. (EPD) traded down $0.02 during mid-day trading on Friday, reaching $25.00. The company’s stock had a trading volume of 6,368,088 shares, compared to its average volume of 6,194,719. The company has a current ratio of 0.61, a quick ratio of 0.41 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $52.76 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 3.69 and a beta of 0.89.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). The business had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.01% and a net margin of 9.83%. The company’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. sell-side analysts forecast that Enterprise Products Partners L.P. will post 1.32 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 31st will be paid a $0.4225 dividend. This represents a $1.69 annualized dividend and a dividend yield of 6.76%. The ex-dividend date of this dividend is Monday, October 30th. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s dividend payout ratio is currently 135.20%.

COPYRIGHT VIOLATION NOTICE: “Heronetta Management L.P. Buys 9,211 Shares of Enterprise Products Partners L.P. (EPD)” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.com-unik.info/2017/11/04/heronetta-management-l-p-buys-9211-shares-of-enterprise-products-partners-l-p-epd.html.

Several research firms recently weighed in on EPD. BidaskClub lowered Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. SunTrust Banks, Inc. reissued a “buy” rating and set a $29.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday. Royal Bank Of Canada dropped their price target on Enterprise Products Partners L.P. from $34.00 to $31.00 and set an “outperform” rating on the stock in a research report on Tuesday. Stifel Nicolaus reissued a “buy” rating and set a $30.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, August 11th. Finally, Zacks Investment Research raised Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $30.86.

Enterprise Products Partners L.P. 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 L.P. (NYSE:EPD)

What are top analysts saying about Enterprise Products Partners L.P.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Enterprise Products Partners L.P. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit