US Capital Advisors Equities Analysts Lift Earnings Estimates for Enterprise Products Partners L.P. (EPD)
Enterprise Products Partners L.P. (NYSE:EPD) – Equities research analysts at US Capital Advisors upped their FY2018 earnings per share estimates for shares of Enterprise Products Partners in a research report issued on Wednesday, October 17th, Zacks Investment Research reports. US Capital Advisors analyst J. Carreker now anticipates that the oil and gas producer will post earnings per share of $1.82 for the year, up from their prior estimate of $1.78. US Capital Advisors has a “Buy” rating on the stock. US Capital Advisors also issued estimates for Enterprise Products Partners’ FY2019 earnings at $1.84 EPS.
Enterprise Products Partners (NYSE:EPD) last released its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.15. Enterprise Products Partners had a return on equity of 16.38% and a net margin of 10.23%. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.72 billion. During the same period last year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was up 39.2% compared to the same quarter last year.
Shares of NYSE:EPD traded down $0.11 on Friday, hitting $27.27. 5,006,017 shares of the company’s stock were exchanged, compared to its average volume of 5,883,101. Enterprise Products Partners has a 12 month low of $23.10 and a 12 month high of $30.05. The company has a market cap of $58.63 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 4.83 and a beta of 0.87. The company has a current ratio of 0.74, a quick ratio of 0.56 and a debt-to-equity ratio of 1.00.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 8th. Shareholders of record on Wednesday, October 31st were issued a $0.4325 dividend. The ex-dividend date was Tuesday, October 30th. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.43. This represents a $1.73 dividend on an annualized basis and a yield of 6.34%. Enterprise Products Partners’s payout ratio is currently 131.06%.
In other Enterprise Products Partners news, Director James T. Hackett sold 25,000 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $26.94, for a total value of $673,500.00. Following the completion of the transaction, the director now directly owns 226,832 shares in the company, valued at $6,110,854.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 37.50% of the company’s stock.
A number of institutional investors have recently made changes to their positions in EPD. Roanoke Asset Management Corp NY grew its stake in shares of Enterprise Products Partners by 9.0% during the second quarter. Roanoke Asset Management Corp NY now owns 44,778 shares of the oil and gas producer’s stock worth $1,239,000 after acquiring an additional 3,697 shares during the last quarter. Tiedemann Advisors LLC grew its stake in shares of Enterprise Products Partners by 4.0% during the second quarter. Tiedemann Advisors LLC now owns 1,878,970 shares of the oil and gas producer’s stock worth $51,991,000 after acquiring an additional 73,047 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in shares of Enterprise Products Partners during the second quarter worth about $847,000. Mainstay Capital Management LLC ADV grew its stake in shares of Enterprise Products Partners by 553.4% during the second quarter. Mainstay Capital Management LLC ADV now owns 6,534 shares of the oil and gas producer’s stock worth $228,000 after acquiring an additional 5,534 shares during the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in shares of Enterprise Products Partners by 3.5% during the second quarter. Segall Bryant & Hamill LLC now owns 655,807 shares of the oil and gas producer’s stock worth $18,146,000 after acquiring an additional 21,910 shares during the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.
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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