M Holdings Securities Inc. Grows Position in Enterprise Products Partners L.P. (NYSE:EPD)

M Holdings Securities Inc. increased its holdings in Enterprise Products Partners L.P. (NYSE:EPD – Get Rating) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,081 shares of the oil and gas producer’s stock after acquiring an additional 1,003 shares during the quarter. M Holdings Securities Inc.’s holdings in Enterprise Products Partners were worth $549,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Fairfield Bush & CO. purchased a new stake in shares of Enterprise Products Partners during the first quarter valued at about $31,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Enterprise Products Partners during the third quarter valued at $32,000. McIlrath & Eck LLC grew its holdings in shares of Enterprise Products Partners by 86.4% during the third quarter. McIlrath & Eck LLC now owns 1,400 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 649 shares during the last quarter. Wagner Wealth Management LLC purchased a new stake in shares of Enterprise Products Partners during the second quarter valued at $37,000. Finally, Kistler Tiffany Companies LLC grew its holdings in shares of Enterprise Products Partners by 43.1% during the third quarter. Kistler Tiffany Companies LLC now owns 1,670 shares of the oil and gas producer’s stock valued at $40,000 after buying an additional 503 shares during the last quarter. 26.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup assumed coverage on shares of Enterprise Products Partners in a report on Thursday, December 8th. They issued a “buy” rating and a $31.00 price target on the stock. Scotiabank assumed coverage on shares of Enterprise Products Partners in a report on Thursday, March 2nd. They issued a “sector outperform” rating and a $31.00 price target on the stock. TD Securities upped their price target on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. StockNews.com started coverage on shares of Enterprise Products Partners in a report on Thursday. They issued a “buy” rating on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, March 9th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Enterprise Products Partners presently has an average rating of “Moderate Buy” and an average target price of $30.83.

Enterprise Products Partners Stock Down 2.0 %

EPD opened at $25.17 on Thursday. Enterprise Products Partners L.P. has a twelve month low of $22.90 and a twelve month high of $28.65. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $25.85 and a 200 day moving average price of $25.21. The company has a market cap of $54.64 billion, a PE ratio of 10.07 and a beta of 1.10.

Enterprise Products Partners (NYSE:EPD – Get Rating) last released its quarterly earnings results on Wednesday, February 1st. The oil and gas producer reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.05. Enterprise Products Partners had a net margin of 9.43% and a return on equity of 20.38%. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $14.74 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. Sell-side analysts expect that Enterprise Products Partners L.P. will post 2.5 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Investors of record on Tuesday, January 31st were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 7.79%. The ex-dividend date of this dividend was Monday, January 30th. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.48. Enterprise Products Partners’s dividend payout ratio is 78.40%.

Insider Buying and Selling

In other Enterprise Products Partners news, Director Carin Marcy Barth acquired 5,000 shares of the business’s stock in a transaction on Tuesday, December 27th. The stock was bought at an average price of $23.99 per share, for a total transaction of $119,950.00. Following the acquisition, the director now owns 75,776 shares in the company, valued at $1,817,866.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Enterprise Products Partners news, Director Carin Marcy Barth acquired 5,000 shares of the business’s stock in a transaction on Tuesday, December 27th. The stock was bought at an average price of $23.99 per share, for a total transaction of $119,950.00. Following the acquisition, the director now owns 75,776 shares in the company, valued at $1,817,866.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aj Teague acquired 3,650 shares of the business’s stock in a transaction on Tuesday, December 27th. The stock was acquired at an average price of $24.09 per share, with a total value of $87,928.50. Following the acquisition, the chief executive officer now owns 2,337,775 shares in the company, valued at approximately $56,316,999.75. The disclosure for this purchase can be found here. Insiders purchased a total of 29,800 shares of company stock worth $707,019 in the last 90 days. Insiders own 32.60% of the company’s stock.

Enterprise Products Partners Company Profile

(Get Rating)

Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.