Obermeyer Wood Investment Counsel Lllp lowered its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 21.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 201,689 shares of the company’s stock after selling 54,395 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in Enterprise Products Partners L.P. were worth $5,573,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of Enterprise Products Partners L.P. during the second quarter valued at about $204,184,000. ING Groep NV increased its stake in Enterprise Products Partners L.P. by 34.5% in the second quarter. ING Groep NV now owns 16,170,780 shares of the company’s stock worth $472,995,000 after buying an additional 4,147,645 shares during the period. Alps Advisors Inc. increased its stake in Enterprise Products Partners L.P. by 13.9% in the third quarter. Alps Advisors Inc. now owns 33,912,854 shares of the company’s stock worth $937,012,000 after buying an additional 4,129,099 shares during the period. Toronto Dominion Bank increased its stake in Enterprise Products Partners L.P. by 733.3% in the second quarter. Toronto Dominion Bank now owns 4,217,425 shares of the company’s stock worth $123,402,000 after buying an additional 3,711,300 shares during the period. Finally, American Century Companies Inc. purchased a new stake in Enterprise Products Partners L.P. during the second quarter worth $103,798,000. Institutional investors and hedge funds own 36.05% of the company’s stock.

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

Enterprise Products Partners L.P. (NYSE:EPD) traded up 2.37% during trading on Wednesday, hitting $25.93. 8,073,167 shares of the stock traded hands. The company’s 50 day moving average is $25.91 and its 200 day moving average is $27.25. Enterprise Products Partners L.P. has a one year low of $19.00 and a one year high of $30.11. The company has a market capitalization of $54.51 billion, a P/E ratio of 21.10 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.30 EPS for the quarter, meeting 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 business 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 firm earned $0.32 earnings per share. Enterprise Products Partners L.P.’s revenue was down 6.1% compared to the same quarter last year. On average, equities analysts forecast that Enterprise Products Partners L.P. will post $1.25 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 31st were paid a $0.405 dividend. 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. This represents a $1.62 dividend on an annualized basis and a yield of 6.25%. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 131.71%.

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EPD has been the subject of a number of research analyst reports. Jefferies Group restated a “buy” rating and issued a $33.00 target price on shares of Enterprise Products Partners L.P. in a research report on Sunday, October 16th. Vetr downgraded Enterprise Products Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $30.56 target price for the company. in a research report on Wednesday, September 21st. Stifel Nicolaus restated a “buy” rating and issued a $32.00 target price on shares of Enterprise Products Partners L.P. in a research report on Monday, October 31st. Credit Suisse Group AG upgraded Enterprise Products Partners L.P. from a “neutral” rating to an “outperform” rating and set a $34.00 target price for the company in a research report on Monday, September 19th. Finally, Wolfe Research initiated coverage on Enterprise Products Partners L.P. in a research report on Friday, October 7th. They issued an “outperform” rating for the company. Two equities research 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 a consensus rating of “Buy” and a consensus target price of $31.62.

In other Enterprise Products Partners L.P. 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 purchased at an average cost of $25.27 per share, with a total value of $101,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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