KCG Holdings Inc. boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 20.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,984 shares of the oil and gas producer’s stock after buying an additional 11,408 shares during the period. KCG Holdings Inc.’s holdings in Enterprise Products Partners L.P. were worth $1,849,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EPD. Kayne Anderson Capital Advisors LP increased its position in Enterprise Products Partners L.P. by 3.3% in the first quarter. Kayne Anderson Capital Advisors LP now owns 32,686,057 shares of the oil and gas producer’s stock valued at $902,446,000 after buying an additional 1,044,310 shares in the last quarter. Fayez Sarofim & Co increased its position in Enterprise Products Partners L.P. by 0.6% in the first quarter. Fayez Sarofim & Co now owns 19,083,792 shares of the oil and gas producer’s stock valued at $526,904,000 after buying an additional 109,422 shares in the last quarter. OppenheimerFunds Inc. increased its position in Enterprise Products Partners L.P. by 0.9% in the first quarter. OppenheimerFunds Inc. now owns 18,162,061 shares of the oil and gas producer’s stock valued at $501,454,000 after buying an additional 158,648 shares in the last quarter. Atlantic Trust Group LLC increased its position in Enterprise Products Partners L.P. by 0.3% in the first quarter. Atlantic Trust Group LLC now owns 17,664,825 shares of the oil and gas producer’s stock valued at $487,726,000 after buying an additional 58,459 shares in the last quarter. Finally, Chickasaw Capital Management LLC increased its position in Enterprise Products Partners L.P. by 40.5% in the first quarter. Chickasaw Capital Management LLC now owns 14,566,207 shares of the oil and gas producer’s stock valued at $402,173,000 after buying an additional 4,202,364 shares in the last quarter. Institutional investors own 38.83% of the company’s stock.

Enterprise Products Partners L.P. (EPD) traded up 1.00% on Friday, reaching $25.23. 3,418,793 shares of the company’s stock traded hands. 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 50-day moving average of $26.83 and a 200 day moving average of $27.29. The firm has a market capitalization of $54.19 billion, a P/E ratio of 19.85 and a beta of 0.89.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The business had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter last year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, equities analysts expect that Enterprise Products Partners L.P. will post $1.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Monday, July 31st were issued a dividend of $0.42 per share. The ex-dividend date was Thursday, July 27th. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.66%. Enterprise Products Partners L.P.’s payout ratio is 132.28%.

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A number of equities analysts have commented on the stock. Barclays PLC reaffirmed an “overweight” rating and set a $31.00 target price (down from $33.00) on shares of Enterprise Products Partners L.P. in a research note on Friday, August 4th. BidaskClub raised shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Sanford C. Bernstein assumed coverage on shares of Enterprise Products Partners L.P. in a research note on Tuesday, May 16th. They set an “outperform” rating on the stock. Vetr raised shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 target price on the stock in a research note on Monday, April 24th. Finally, Morgan Stanley raised shares of Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $26.37 to $26.50 in a research note on Thursday, June 15th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Enterprise Products Partners L.P. presently has an average rating of “Buy” and an average price target of $31.62.

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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