Johnson Financial Group LLC purchased a new position in Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,474 shares of the oil and gas producer’s stock, valued at approximately $283,000.

Other institutional investors have also recently made changes to their positions in the company. Evanson Asset Management LLC boosted 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 in the last quarter. North American Management Corp boosted its position in shares of 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 worth $4,857,000 after buying an additional 10,121 shares in the last quarter. Whalerock Point Partners LLC boosted its position in shares of 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 worth $2,086,000 after buying an additional 6,280 shares in the last quarter. Ibex Wealth Advisors purchased a new position in shares of Enterprise Products Partners L.P. during the fourth quarter worth $2,076,000. Finally, Telemus Capital LLC boosted its position in shares of Enterprise Products Partners L.P. by 0.9% in the first quarter. Telemus Capital LLC now owns 73,021 shares of the oil and gas producer’s stock worth $2,016,000 after buying an additional 679 shares in the last quarter. 38.83% of the stock is currently owned by institutional investors.

Shares of Enterprise Products Partners L.P. (EPD) traded up 1.00% during midday trading on Friday, reaching $25.23. 3,418,793 shares of the company’s stock traded hands. The stock has a 50 day moving average of $26.83 and a 200-day moving average of $27.29. Enterprise Products Partners L.P. has a 12 month low of $24.01 and a 12 month high of $30.25. The stock has a market cap 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 released its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The business had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period last year, the business posted $0.27 earnings per share. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post $1.38 EPS for the current fiscal year.

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

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A number of equities analysts have recently weighed in on EPD shares. Barclays PLC reissued an “overweight” rating and set a $31.00 price target (down from $33.00) on shares of Enterprise Products Partners L.P. in a research report on Friday, August 4th. BidaskClub raised shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Sanford C. Bernstein started coverage on shares of Enterprise Products Partners L.P. in a research report 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 price target on the stock in a research report 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 lifted their price target for the stock from $26.37 to $26.50 in a research report on Thursday, June 15th. One investment 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 stock. The company currently has a consensus rating of “Buy” and an average target price of $31.62.

About Enterprise Products Partners L.P.

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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