Catawba Capital Management VA boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 4.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 186,928 shares of the company’s stock after buying an additional 7,445 shares during the period. Enterprise Products Partners L.P. makes up about 1.2% of Catawba Capital Management VA’s portfolio, making the stock its 22nd largest position. Catawba Capital Management VA’s holdings in Enterprise Products Partners L.P. were worth $5,165,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Evergreen Capital Management LLC increased its stake in shares of Enterprise Products Partners L.P. by 1.1% in the second quarter. Evergreen Capital Management LLC now owns 725,334 shares of the company’s stock worth $21,224,000 after buying an additional 7,750 shares during the last quarter. State Street Corp increased its position in Enterprise Products Partners L.P. by 5.6% in the first quarter. State Street Corp now owns 1,121,620 shares of the company’s stock worth $27,615,000 after buying an additional 59,921 shares in the last quarter. Hilton Capital Management LLC increased its position in Enterprise Products Partners L.P. by 2.9% in the second quarter. Hilton Capital Management LLC now owns 606,309 shares of the company’s stock worth $17,741,000 after buying an additional 17,120 shares in the last quarter. Global X Management Co. LLC increased its position in Enterprise Products Partners L.P. by 17.8% in the second quarter. Global X Management Co. LLC now owns 1,173,045 shares of the company’s stock worth $34,323,000 after buying an additional 177,297 shares in the last quarter. Finally, RS Investment Management Co. LLC increased its position in Enterprise Products Partners L.P. by 0.9% in the second quarter. RS Investment Management Co. LLC now owns 824,810 shares of the company’s stock worth $24,134,000 after buying an additional 7,140 shares in the last quarter. 36.23% of the stock is owned by institutional investors and hedge funds.

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

Enterprise Products Partners L.P. (NYSE:EPD) traded up 1.51% during trading on Monday, hitting $25.62. 5,125,422 shares of the company traded hands. The stock has a market capitalization of $53.86 billion, a PE ratio of 20.85 and a beta of 0.90. Enterprise Products Partners L.P. has a 52 week low of $19.00 and a 52 week high of $30.11. The company’s 50 day moving average is $26.08 and its 200-day moving average is $27.25.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its earnings results on Thursday, October 27th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The company earned $5.92 billion during the quarter, compared to analyst estimates of $5.87 billion. Enterprise Products Partners L.P. had a net margin of 11.19% and a return on equity of 11.95%. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. Analysts predict that Enterprise Products Partners L.P. will post $1.25 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 31st were given a $0.405 dividend. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. This represents a $1.62 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend was Thursday, October 27th. Enterprise Products Partners L.P.’s dividend payout ratio is presently 131.71%.

A number of research analysts have recently weighed in on EPD shares. Royal Bank Of Canada reissued an “outperform” rating and set a $34.00 target price on shares of Enterprise Products Partners L.P. in a research report on Friday, July 29th. Credit Suisse Group AG reissued a “hold” rating on shares of Enterprise Products Partners L.P. in a research report on Friday, July 29th. Vetr raised shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.50 target price for the company in a research report on Monday, August 1st. Morgan Stanley downgraded shares of Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $33.00 to $30.00 in a research report on Thursday, August 18th. Finally, Wunderlich reduced their target price on shares of Enterprise Products Partners L.P. from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, August 31st. Two investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Enterprise Products Partners L.P. has an average rating of “Buy” and an average target price of $31.62.

In other news, Director Carin Marcy Barth purchased 4,000 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was acquired at an average cost of $25.27 per share, for a total transaction of $101,080.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 37.50% of the stock is currently owned by company insiders.

Enterprise Products Partners L.P. Company Profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

5 Day Chart for NYSE:EPD

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