Homrich & Berg boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,620 shares of the company’s stock after buying an additional 1,946 shares during the period. Enterprise Products Partners L.P. accounts for approximately 0.3% of Homrich & Berg’s portfolio, making the stock its 24th largest position. Homrich & Berg’s holdings in Enterprise Products Partners L.P. were worth $3,664,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Evergreen Capital Management LLC raised its position in 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 valued at $21,224,000 after buying an additional 7,750 shares during the period. State Street Corp increased its stake in shares of 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 valued at $27,615,000 after buying an additional 59,921 shares in the last quarter. Hilton Capital Management LLC increased its stake in shares of 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 valued at $17,741,000 after buying an additional 17,120 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of 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 valued at $34,323,000 after buying an additional 177,297 shares in the last quarter. Finally, Catawba Capital Management VA increased its stake in shares of Enterprise Products Partners L.P. by 4.1% in the third quarter. Catawba Capital Management VA now owns 186,928 shares of the company’s stock valued at $5,165,000 after buying an additional 7,445 shares in the last quarter. Hedge funds and other institutional investors own 36.05% of the company’s stock.

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

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded down 0.43% during mid-day trading on Tuesday, hitting $25.33. The company had a trading volume of 6,501,110 shares. Enterprise Products Partners L.P. has a 12 month low of $19.00 and a 12 month high of $30.11. The firm has a market capitalization of $53.25 billion, a P/E ratio of 20.61 and a beta of 0.90. The firm has a 50-day moving average price of $25.91 and a 200 day moving average price of $27.25.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its earnings results on Thursday, October 27th. The company reported $0.30 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.30. Enterprise Products Partners L.P. had a return on equity of 11.95% and a net margin of 11.19%. The firm had revenue of $5.92 billion for the quarter, compared to analysts’ expectations of $5.87 billion. During the same quarter last year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post $1.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 31st were paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend was Thursday, October 27th. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. Enterprise Products Partners L.P.’s payout ratio is currently 131.71%.

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Several equities research analysts have weighed in on the company. Vetr raised Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.50 price target for the company in a report on Monday, August 1st. Stifel Nicolaus reissued a “buy” rating and issued a $32.00 price target on shares of Enterprise Products Partners L.P. in a report on Monday, October 31st. Jefferies Group reissued a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a report on Sunday, October 16th. Wunderlich lowered their price target on Enterprise Products Partners L.P. from $33.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, August 31st. Finally, Ladenburg Thalmann assumed coverage on Enterprise Products Partners L.P. in a report on Wednesday, November 16th. They issued a “buy” rating and a $30.00 price target for the company. Two investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Enterprise Products Partners L.P. currently has an average rating of “Buy” and an average price target of $31.62.

In related news, Director Carin Marcy Barth acquired 4,000 shares of Enterprise Products Partners L.P. stock in a transaction on Wednesday, November 16th. The shares were bought at an average price of $25.27 per share, for a total transaction of $101,080.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 37.50% of the company’s stock.

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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