Keybank National Association OH reduced its stake in Enterprise Products Partners L.P. (New york stock exchange:EPD) by 4.% throughout the 3rd quarter, based on its newest filing using the Registration. The fund owned 123,849 shares from the gas and oil producer’s stock after selling 5,122 shares throughout the quarter. Keybank National Association OH’s holdings in Enterprise Products Partners were worth $1,956,000 in the finish of the very most recent reporting period.
Other hedge funds also lately made changes for their positions in the organization. Beese Fulmer Investment Management Corporation. obtained a new position in shares of Enterprise Products Partners within the second quarter worth roughly $35,000. Creative Financial Designs Corporation. ADV obtained a new position in shares of Enterprise Products Partners within the second quarter worth roughly $35,000. JNBA Financial Advisors increased its stake in shares of Enterprise Products Partners by 48.1% within the second quarter. JNBA Financial Advisors now owns 2,179 shares from the gas and oil producer’s stock worth $40,000 after buying yet another 708 shares over the past quarter. TRUE Private Wealth Advisors increased its stake in shares of Enterprise Products Partners by 44.% within the 3rd quarter. TRUE Private Wealth Advisors now owns 2,290 shares from the gas and oil producer’s stock worth $36,000 after buying yet another 700 shares over the past quarter. Finally, Manchester Financial Corporation. increased its stake in shares of Enterprise Products Partners by 115.2% within the 3rd quarter. Manchester Financial Corporation. now owns 2,615 shares from the gas and oil producer’s stock worth $41,000 after buying yet another 1,400 shares over the past quarter. Institutional investors own 32.49% from the company’s stock.
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In related news, Chief executive officer Aj Teague purchased 10,000 shares from the business’s stock inside a transaction dated Tuesday, September eighth. The stock was purchased at a typical price of $17.03 per share, having a total worth of $170,300.00. Following a completing the purchase, the ceo now directly owns 1,958,357 shares in the organization, worth roughly $33,350,819.71. The purchase was disclosed inside a document filed using the SEC, which may be utilized with the SEC website. During the last three several weeks, insiders bought 35,000 shares of company stock worth $345,300. Insiders own 37.50% from the company’s stock.
Several brokerages have considered in on EPD. Capital One Financial started coverage on Enterprise Products Partners inside a research note on Wednesday, October 21st. They issued an “overweight” rating around the stock. ValuEngine downgraded Enterprise Products Partners from the “sell” rating to some “strong sell” rating inside a research note on Thursday, October first. Piper Sandler decreased their cost target on Enterprise Products Partners from $22.00 to $19.00 and hang an “overweight” rating around the stock inside a research note on Friday, October ninth. SunTrust Banks lifted their cost target on Enterprise Products Partners from $21.00 to $22.00 and gave the organization a “buy” rating inside a research note on Thursday, This summer 30th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $28.00 cost target on shares of Enterprise Products Partners inside a research note on Thursday, August sixth. One investment analyst has rated the stock having a sell rating, ten have issued a buy rating and something has provided a powerful buy rating towards the company’s stock. The organization is now offering a consensus rating of “Buy” as well as an average target cost of $24.36.
EPD opened up at $16.57 on Wednesday. The business’s fifty day moving average is $16.66 and it is two-hundred day moving average is $17.72. The organization includes a debt-to-equity ratio of just one.05, a fast ratio of .68 along with a current ratio of .95. The organization includes a market cap of $36.22 billion, a cost-to-earnings ratio of 8.12 along with a beta of just one.42. Enterprise Products Partners L.P. includes a twelve months low of $10.27 along with a twelve months a lot of $29.22.
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Enterprise Products Partners (Newyork stock exchange:EPD) last published its earnings results on Wednesday, October 28th. The gas and oil producer reported $.48 EPS for that quarter, striking the Zacks’ consensus estimate of $.48. The organization had revenue of $6.92 billion for that quarter, when compared to consensus estimate of $7.13 billion. Enterprise Products Partners were built with a return on equity of 18.06% along with a internet margin of 15.41%. Enterprise Products Partners’s quarterly revenue was lower 13.1% when compared to same quarter this past year. Throughout the same period in the last year, the company earned $.46 earnings per share. Typically, analysts predict that Enterprise Products Partners L.P. will publish 2.08 EPS for that current fiscal year.
The company also lately declared an every three months dividend, which is compensated on Thursday, November twelfth. Stockholders of record on Friday, October 30th is going to be issued a $.445 dividend. The ex-dividend date of the dividend is Thursday, October 29th. This represents a $1.78 dividend with an annualized basis along with a dividend yield of 10.74%. Enterprise Products Partners’s dividend payout ratio (DPR) is 82.79%.
About Enterprise Products Partners
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of gas, gas fluids (NGLs), oil, petrochemicals, and delicate products. The organization operates through four segments: NGL Pipelines & Services, Oil Pipelines & Services, Gas Pipelines & Services, and Petrochemical & Refined Products Services.
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