Joel Isaacson & Co. LLC continued to hold its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,902 shares of the oil and gas producer’s stock at the end of the second quarter. Joel Isaacson & Co. LLC’s holdings in Enterprise Products Partners L.P. were worth $1,324,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dubuque Bank & Trust Co. boosted its position in shares of Enterprise Products Partners L.P. by 222.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,790 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 2,615 shares during the period. First Financial Corp IN boosted its position in shares of Enterprise Products Partners L.P. by 11.1% in the second quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock valued at $108,000 after buying an additional 400 shares during the period. Baystate Wealth Management LLC boosted its position in shares of Enterprise Products Partners L.P. by 1,050.7% in the first quarter. Baystate Wealth Management LLC now owns 4,361 shares of the oil and gas producer’s stock valued at $122,000 after buying an additional 3,982 shares during the period. Camarda Financial Advisors LLC boosted its position in shares of Enterprise Products Partners L.P. by 0.6% in the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock valued at $131,000 after buying an additional 27 shares during the period. Finally, Intellectus Partners LLC boosted its position in shares of Enterprise Products Partners L.P. by 8.0% in the first quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock valued at $149,000 after buying an additional 399 shares during the period. 37.85% of the stock is owned by institutional investors and hedge funds.

Shares of Enterprise Products Partners L.P. (EPD) opened at 25.48 on Tuesday. The company has a market capitalization of $54.73 billion, a price-to-earnings ratio of 20.05 and a beta of 0.89. The stock has a 50 day moving average of $26.64 and a 200-day moving average of $27.20. Enterprise Products Partners L.P. has a 52 week low of $24.01 and a 52 week high of $30.25.

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 Zacks’ consensus estimate 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 firm had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter in the prior year, the firm posted $0.27 EPS. Enterprise Products Partners L.P.’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, analysts anticipate that Enterprise Products Partners L.P. will post $1.37 EPS for the current year.

The company 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. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.68 dividend on an annualized basis and a yield of 6.59%. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s payout ratio is currently 132.28%.

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Several brokerages have issued reports on EPD. BidaskClub cut shares of Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $30.00 target price on shares of Enterprise Products Partners L.P. in a report on Friday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Enterprise Products Partners L.P. in a report on Thursday, August 10th. Barclays PLC reaffirmed an “overweight” rating and issued a $31.00 target price (down from $33.00) on shares of Enterprise Products Partners L.P. in a report on Friday, August 4th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $33.00 target price on shares of Enterprise Products Partners L.P. in a report on Wednesday, July 12th. One investment 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 presently has a consensus rating of “Buy” and a consensus target price 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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