Trust Co. of Vermont Takes $68,000 Position in Enterprise Products Partners L.P. (NYSE:EPD)

Financial News Live · Sep 26, 2022 19:11

Trust Co. of Vermont bought a new position in Enterprise Products Partners L.P. (NYSE:EPD – Get Rating) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,807 shares of the oil and gas producer's stock, valued at approximately $68,000.

A number of other hedge funds have also modified their holdings of the stock. FinTrust Capital Advisors LLC lifted its position in Enterprise Products Partners by 38.9% during the first quarter. FinTrust Capital Advisors LLC now owns 1,429 shares of the oil and gas producer's stock worth $36,000 after acquiring an additional 400 shares during the last quarter. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Enterprise Products Partners by 64.5% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,020 shares of the oil and gas producer's stock worth $26,000 after purchasing an additional 400 shares during the period. Activest Wealth Management increased its holdings in shares of Enterprise Products Partners by 29.3% during the first quarter. Activest Wealth Management now owns 1,802 shares of the oil and gas producer's stock worth $47,000 after purchasing an additional 408 shares during the period. Addison Capital Co increased its holdings in shares of Enterprise Products Partners by 2.6% during the first quarter. Addison Capital Co now owns 17,573 shares of the oil and gas producer's stock worth $454,000 after purchasing an additional 438 shares during the period. Finally, Claraphi Advisory Network LLC increased its holdings in shares of Enterprise Products Partners by 1.9% during the second quarter. Claraphi Advisory Network LLC now owns 23,806 shares of the oil and gas producer's stock worth $580,000 after purchasing an additional 447 shares during the period. 27.29% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Enterprise Products Partners

In other Enterprise Products Partners news, Director John R. Rutherford bought 6,500 shares of the firm's stock in a transaction dated Thursday, August 4th. The stock was bought at an average cost of $25.78 per share, with a total value of $167,570.00. Following the completion of the transaction, the director now directly owns 113,941 shares in the company, valued at approximately $2,937,398.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 37.50% of the stock is currently owned by insiders.

Enterprise Products Partners Stock Down 3.0 %

Shares of NYSE EPD traded down $0.71 during trading on Monday, hitting $22.91. 8,431,921 shares of the company traded hands, compared to its average volume of 6,503,731. The business's fifty day moving average is $26.29 and its 200 day moving average is $26.00. Enterprise Products Partners L.P. has a fifty-two week low of $20.42 and a fifty-two week high of $28.65. The firm has a market capitalization of $49.93 billion, a price-to-earnings ratio of 10.34 and a beta of 1.15. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.65 and a current ratio of 0.87.

Enterprise Products Partners (NYSE:EPD – Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The oil and gas producer reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.01. Enterprise Products Partners had a net margin of 9.54% and a return on equity of 18.97%. The firm had revenue of $16.06 billion for the quarter, compared to analyst estimates of $11.96 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The business's quarterly revenue was up 69.9% compared to the same quarter last year. Equities research analysts predict that Enterprise Products Partners L.P. will post 2.52 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, July 29th were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, July 28th. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.47. This represents a $1.90 annualized dividend and a dividend yield of 8.29%. Enterprise Products Partners's payout ratio is presently 85.59%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. TD Securities lifted their price objective on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, August 4th. US Capital Advisors reaffirmed a "buy" rating on shares of Enterprise Products Partners in a research note on Wednesday, June 1st. Raymond James boosted their target price on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 4th. Finally, UBS Group lifted their price target on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the stock a "buy" rating in a report on Friday, July 8th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $30.00.

About Enterprise Products Partners

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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.