Maple Capital Management Inc. held its position in Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,180 shares of the oil and gas producer’s stock at the end of the second quarter. Maple Capital Management Inc.’s holdings in Enterprise Products Partners L.P. were worth $357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in Enterprise Products Partners L.P. during the fourth quarter worth $405,000. Ibex Wealth Advisors purchased a new position in Enterprise Products Partners L.P. during the fourth quarter worth $2,076,000. Pekin Singer Strauss Asset Management IL raised its position in Enterprise Products Partners L.P. by 5.0% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 12,422 shares of the oil and gas producer’s stock worth $336,000 after buying an additional 592 shares during the last quarter. Perigon Wealth Management LLC raised its position in Enterprise Products Partners L.P. by 34.5% in the fourth quarter. Perigon Wealth Management LLC now owns 14,061 shares of the oil and gas producer’s stock worth $396,000 after buying an additional 3,605 shares during the last quarter. Finally, Hendley & Co. Inc. increased its stake in Enterprise Products Partners L.P. by 0.7% in the fourth quarter. Hendley & Co. Inc. now owns 65,931 shares of the oil and gas producer’s stock worth $1,783,000 after buying an additional 433 shares during the period. 38.83% of the stock is currently owned by institutional investors.

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

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter last year, the company earned $0.27 EPS. Enterprise Products Partners L.P.’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities analysts expect that Enterprise Products Partners L.P. will post $1.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Monday, July 31st were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 6.66%. The ex-dividend date of this dividend was 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 132.28%.

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EPD has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Scotiabank set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Friday, July 21st. Macquarie restated an “outperform” rating and set a $32.00 price objective on shares of Enterprise Products Partners L.P. in a report on Friday, April 21st. Stifel Nicolaus restated a “buy” rating and set a $30.00 price objective on shares of Enterprise Products Partners L.P. in a report on Friday, August 11th. Finally, Vetr upgraded shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price objective for the company in a report on Monday, April 24th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus 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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