CIBC Asset Management Inc continued to hold its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,829 shares of the oil and gas producer’s stock at the end of the second quarter. CIBC Asset Management Inc’s holdings in Enterprise Products Partners L.P. were worth $1,728,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in EPD. Sigma Planning Corp increased its position in Enterprise Products Partners L.P. by 0.9% in the first quarter. Sigma Planning Corp now owns 17,734 shares of the oil and gas producer’s stock valued at $490,000 after buying an additional 163 shares during the last quarter. First Manhattan Co. increased its position in Enterprise Products Partners L.P. by 2.7% in the first quarter. First Manhattan Co. now owns 240,511 shares of the oil and gas producer’s stock valued at $6,645,000 after buying an additional 6,261 shares during the last quarter. Crestwood Advisors Group LLC acquired a new position in Enterprise Products Partners L.P. during the first quarter valued at $140,000. Waldron LP acquired a new position in Enterprise Products Partners L.P. during the first quarter valued at $3,882,000. Finally, Sippican Capital Advisors increased its position in Enterprise Products Partners L.P. by 1.5% in the first quarter. Sippican Capital Advisors now owns 13,355 shares of the oil and gas producer’s stock valued at $369,000 after buying an additional 200 shares during the last quarter. Institutional investors own 38.83% of the company’s stock.

Enterprise Products Partners L.P. (NYSE:EPD) opened at 25.23 on Monday. The company 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. has a 52-week low of $24.01 and a 52-week high of $30.25. The stock’s 50 day moving average price is $26.83 and its 200-day moving average price is $27.29.

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 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. The firm had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. Analysts predict that Enterprise Products Partners L.P. will post $1.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Monday, July 31st were paid a $0.42 dividend. 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 currently 132.28%.

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Several research analysts have weighed in on the company. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Friday, July 14th. Vetr upgraded Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price target for the company in a research note on Monday, April 24th. 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. Sanford C. Bernstein assumed coverage on Enterprise Products Partners L.P. in a research note on Tuesday, May 16th. They issued an “outperform” rating for the company. Finally, BMO Capital Markets restated a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Wednesday, July 12th. 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. The stock presently has an average 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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