Investors Asset Management of Georgia Inc. GA ADV Takes $247,000 Position in Enterprise Products Partners L.P. (EPD)

Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,300 shares of the oil and gas producer’s stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPD. Ameritas Investment Partners Inc. raised its position in Enterprise Products Partners by 14.3% during the second quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock valued at $107,000 after purchasing an additional 500 shares in the last quarter. Ffcm LLC bought a new position in shares of Enterprise Products Partners during the third quarter valued at about $112,000. Jacobi Capital Management LLC grew its stake in shares of Enterprise Products Partners by 690.9% during the second quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock valued at $148,000 after buying an additional 4,760 shares during the last quarter. Acrospire Investment Management LLC grew its stake in shares of Enterprise Products Partners by 571.4% during the second quarter. Acrospire Investment Management LLC now owns 5,640 shares of the oil and gas producer’s stock valued at $153,000 after buying an additional 4,800 shares during the last quarter. Finally, Phocas Financial Corp. bought a new position in shares of Enterprise Products Partners during the second quarter valued at about $168,000. Institutional investors and hedge funds own 37.56% of the company’s stock.

Enterprise Products Partners L.P. (NYSE EPD) traded up $0.14 during midday trading on Thursday, hitting $28.49. The company had a trading volume of 3,017,951 shares, compared to its average volume of 5,310,100. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $61,330.00, a PE ratio of 25.67, a PEG ratio of 3.70 and a beta of 0.90. Enterprise Products Partners L.P. has a 12 month low of $23.59 and a 12 month high of $30.25.

A number of research analysts have recently issued reports on the company. Royal Bank of Canada reduced their price objective on Enterprise Products Partners from $34.00 to $31.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. Bank of America assumed coverage on Enterprise Products Partners in a research note on Tuesday. They set a “buy” rating on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners in a research note on Tuesday, November 14th. Mizuho set a $31.00 price objective on Enterprise Products Partners and gave the company a “buy” rating in a research note on Sunday, October 15th. Finally, Seaport Global Securities assumed coverage on Enterprise Products Partners in a research note on Tuesday, October 10th. They set a “neutral” rating and a $29.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $30.93.

In other Enterprise Products Partners news, Director Carin Marcy Barth bought 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average cost of $25.00 per share, with a total value of $300,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aj Teague bought 11,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was acquired at an average cost of $26.47 per share, for a total transaction of $299,111.00. Following the completion of the purchase, the chief executive officer now directly owns 1,474,183 shares of the company’s stock, valued at $39,021,624.01. The disclosure for this purchase can be found here. Insiders purchased 31,550 shares of company stock worth $799,256 over the last three months. 37.50% of the stock is owned by insiders.

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Enterprise Products Partners Company 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 (NYSE:EPD)

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