Boston Private Wealth LLC lowered its position in Enterprise Products Partners L.P. (NYSE:EPD) by 0.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,910 shares of the oil and gas producer’s stock after selling 800 shares during the period. Boston Private Wealth LLC’s holdings in Enterprise Products Partners L.P. were worth $2,427,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in EPD. Evanson Asset Management LLC raised its position in shares of Enterprise Products Partners L.P. by 1.0% in the first quarter. Evanson Asset Management LLC now owns 110,131 shares of the oil and gas producer’s stock worth $3,041,000 after buying an additional 1,110 shares during the last quarter. North American Management Corp raised its stake in Enterprise Products Partners L.P. by 6.1% in the first quarter. North American Management Corp now owns 175,930 shares of the oil and gas producer’s stock valued at $4,857,000 after buying an additional 10,121 shares in the last quarter. Whalerock Point Partners LLC raised its stake in Enterprise Products Partners L.P. by 8.9% in the fourth quarter. Whalerock Point Partners LLC now owns 77,130 shares of the oil and gas producer’s stock valued at $2,086,000 after buying an additional 6,280 shares in the last quarter. Comerica Bank raised its stake in Enterprise Products Partners L.P. by 9.5% in the fourth quarter. Comerica Bank now owns 53,883 shares of the oil and gas producer’s stock valued at $1,476,000 after buying an additional 4,670 shares in the last quarter. Finally, Ibex Wealth Advisors purchased a new stake in Enterprise Products Partners L.P. during the fourth quarter valued at about $2,076,000. 38.59% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners L.P. (EPD) traded down 0.97% during mid-day trading on Friday, reaching $26.58. The company’s stock had a trading volume of 2,940,228 shares. The company has a 50 day moving average of $27.02 and a 200-day moving average of $27.50. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25. The stock has a market cap of $56.78 billion, a PE ratio of 21.52 and a beta of 0.89.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 11.73% and a net margin of 10.31%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. Equities analysts forecast that Enterprise Products Partners L.P. will post $1.41 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 7th. Shareholders of record on Monday, July 31st will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date of this dividend is Thursday, July 27th. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s dividend payout ratio is 135.48%.

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A number of research analysts recently commented on the company. Barclays PLC decreased their price target on Enterprise Products Partners L.P. from $33.00 to $31.00 and set an “overweight” rating for the company in a research note on Friday. Scotiabank set a $33.00 price target on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research note on Friday, July 21st. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price objective on shares of Enterprise Products Partners L.P. in a report on Friday, July 14th. BMO Capital Markets restated a “buy” rating and issued a $33.00 price objective on shares of Enterprise Products Partners L.P. in a report on Wednesday, July 12th. Finally, BidaskClub upgraded Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Enterprise Products Partners L.P. currently has an average rating of “Buy” and a consensus price target of $31.81.

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.

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

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