C.V. Starr & Co. Inc. Trust continued to hold its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 450,000 shares of the company’s stock at the end of the third quarter. Enterprise Products Partners L.P. makes up 5.4% of C.V. Starr & Co. Inc. Trust’s investment portfolio, making the stock its 3rd largest position. C.V. Starr & Co. Inc. Trust’s holdings in Enterprise Products Partners L.P. were worth $12,434,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State Street Corp raised 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 worth $27,615,000 after buying an additional 59,921 shares during the period. AMP Capital Investors Ltd purchased a new stake in shares of Enterprise Products Partners L.P. during the first quarter worth about $816,000. Envestnet Asset Management Inc. raised its stake in shares of Enterprise Products Partners L.P. by 55.1% in the first quarter. Envestnet Asset Management Inc. now owns 81,755 shares of the company’s stock worth $2,013,000 after buying an additional 29,046 shares during the period. First Republic Investment Management Inc. purchased a new stake in shares of Enterprise Products Partners L.P. during the first quarter worth about $4,205,000. Finally, First American Trust FSB purchased a new stake in shares of Enterprise Products Partners L.P. during the second quarter worth about $296,000. 36.05% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up 2.09% during mid-day trading on Wednesday, reaching $25.86. 3,442,970 shares of the company traded hands. The firm has a 50-day moving average price of $25.91 and a 200 day moving average price of $27.25. The firm has a market capitalization of $54.36 billion, a price-to-earnings ratio of 21.04 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.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its earnings results on Thursday, October 27th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Enterprise Products Partners L.P. had a net margin of 11.19% and a return on equity of 11.95%. The company had revenue of $5.92 billion for the quarter, compared to analysts’ expectations of $5.87 billion. During the same period in the prior year, the business earned $0.32 EPS. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. On average, analysts anticipate that Enterprise Products Partners L.P. will post $1.25 earnings per share for the current year.

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

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A number of equities research analysts have recently weighed in on EPD shares. Vetr raised shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $30.32 target price on the stock in a research note on Wednesday, August 10th. Morgan Stanley lowered shares of Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $33.00 to $30.00 in a research note on Thursday, August 18th. Credit Suisse Group AG set a $34.00 target price on shares of Enterprise Products Partners L.P. and gave the company a “hold” rating in a research note on Thursday, August 18th. Wunderlich cut their target price on shares of Enterprise Products Partners L.P. from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, August 31st. Finally, Evercore ISI started coverage on shares of Enterprise Products Partners L.P. in a research note on Thursday, September 15th. They set a “buy” rating and a $30.00 target price on the stock. Two research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $31.62.

In other Enterprise Products Partners L.P. news, Director Carin Marcy Barth bought 4,000 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were bought at an average cost of $25.27 per share, for a total transaction of $101,080.00. The transaction was disclosed in a filing with the SEC, 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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