Sicart Associates LLC Invests $200,000 in Enterprise Products Partners L.P. (NYSE:EPD)

Sicart Associates LLC bought a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,000 shares of the oil and gas producer’s stock, valued at approximately $200,000.

Other large investors have also added to or reduced their stakes in the company. Silver Lake Advisory LLC raised its holdings in shares of Enterprise Products Partners by 1.7% in the third quarter. Silver Lake Advisory LLC now owns 46,160 shares of the oil and gas producer’s stock valued at $1,319,000 after acquiring an additional 755 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of Enterprise Products Partners by 3.7% in the third quarter. Stephens Inc. AR now owns 289,264 shares of the oil and gas producer’s stock valued at $8,267,000 after acquiring an additional 10,451 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Enterprise Products Partners by 6.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 17,200 shares of the oil and gas producer’s stock valued at $491,000 after acquiring an additional 1,000 shares in the last quarter. Beech Hill Advisors Inc. bought a new stake in shares of Enterprise Products Partners in the third quarter valued at about $209,000. Finally, Country Club Trust Company n.a. raised its holdings in shares of Enterprise Products Partners by 12.0% in the third quarter. Country Club Trust Company n.a. now owns 16,717 shares of the oil and gas producer’s stock valued at $479,000 after acquiring an additional 1,794 shares in the last quarter. Institutional investors and hedge funds own 36.67% of the company’s stock.

In other news, Director Murray E. Brasseux bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of $30.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the director now directly owns 17,885 shares in the company, valued at $536,550. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 37.50% of the stock is owned by corporate insiders.

Several equities analysts have issued reports on the company. Scotia Howard Weill assumed coverage on Enterprise Products Partners in a research note on Wednesday, September 4th. They issued an “outperform” rating on the stock. Scotiabank assumed coverage on Enterprise Products Partners in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $35.00 target price on the stock. Stifel Nicolaus lifted their target price on Enterprise Products Partners from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Piper Jaffray Companies assumed coverage on Enterprise Products Partners in a research note on Wednesday, July 17th. They issued an “overweight” rating and a $37.00 target price on the stock. Finally, Royal Bank of Canada assumed coverage on Enterprise Products Partners in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $35.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $33.45.

Shares of EPD stock traded down $0.18 during trading hours on Monday, reaching $27.42. 29,953 shares of the company’s stock were exchanged, compared to its average volume of 4,368,743. Enterprise Products Partners L.P. has a 1 year low of $23.33 and a 1 year high of $30.86. The stock has a market cap of $60.42 billion, a PE ratio of 14.14, a PEG ratio of 3.11 and a beta of 0.87. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 1.06. The stock’s fifty day moving average price is $28.34 and its two-hundred day moving average price is $28.87.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Wednesday, July 31st. The oil and gas producer reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $8.28 billion for the quarter, compared to analyst estimates of $8.57 billion. Enterprise Products Partners had a return on equity of 20.02% and a net margin of 14.26%. Enterprise Products Partners’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, equities analysts expect that Enterprise Products Partners L.P. will post 2.2 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a $0.4425 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $1.77 dividend on an annualized basis and a yield of 6.46%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.44. Enterprise Products Partners’s dividend payout ratio is currently 90.72%.

About Enterprise Products Partners

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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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