Crescent Grove Advisors LLC acquired a new position in Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 28,840 shares of the oil and gas producer’s stock, valued at approximately $781,000.

A number of other hedge funds also recently modified their holdings of EPD. Chickasaw Capital Management LLC raised its stake in shares of 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 worth $402,173,000 after buying an additional 4,202,364 shares in the last quarter. Mycio Wealth Partners LLC raised its stake in shares of Enterprise Products Partners L.P. by 1.3% in the first quarter. Mycio Wealth Partners LLC now owns 12,615 shares of the oil and gas producer’s stock worth $348,000 after buying an additional 156 shares in the last quarter. Dubuque Bank & Trust Co. raised its stake 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 worth $105,000 after buying an additional 2,615 shares in the last quarter. Delta Asset Management LLC TN raised its stake in shares of Enterprise Products Partners L.P. by 1.0% in the first quarter. Delta Asset Management LLC TN now owns 19,503 shares of the oil and gas producer’s stock worth $538,000 after buying an additional 195 shares in the last quarter. Finally, Duncker Streett & Co. Inc. raised its stake in shares of Enterprise Products Partners L.P. by 5.9% in the first quarter. Duncker Streett & Co. Inc. now owns 38,889 shares of the oil and gas producer’s stock worth $1,074,000 after buying an additional 2,175 shares in the last quarter. 37.85% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners L.P. (NYSE:EPD) opened at 25.70 on Thursday. Enterprise Products Partners L.P. has a 12-month low of $24.01 and a 12-month high of $30.25. The company has a market capitalization of $55.20 billion, a price-to-earnings ratio of 20.22 and a beta of 0.89. The stock has a 50 day moving average price of $26.64 and a 200 day moving average price of $27.20.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $6.44 billion. During the same period last year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts expect that Enterprise Products Partners L.P. will post $1.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 6.54%. 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 (DPR) is 132.28%.

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A number of analysts have commented on EPD shares. Sanford C. Bernstein started coverage on Enterprise Products Partners L.P. in a report on Tuesday, May 16th. They set an “outperform” rating for the company. BMO Capital Markets set a $33.00 price objective on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Monday, June 5th. Morgan Stanley raised Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $26.37 to $26.50 in a report on Thursday, June 15th. BidaskClub raised Enterprise Products Partners L.P. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a report on Friday, July 14th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Enterprise Products Partners L.P. currently has a consensus 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.

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Institutional Ownership by Quarter for Enterprise Products Partners L.P. (NYSE:EPD)

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