Keel Point LLC lessened its position in Enterprise Products Partners L.P. (NYSE:EPD) by 0.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,733 shares of the oil and gas producer’s stock after selling 19 shares during the quarter. Keel Point LLC’s holdings in Enterprise Products Partners L.P. were worth $2,159,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EPD. Ameritas Investment Partners Inc. increased its holdings in Enterprise Products Partners L.P. by 14.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock worth $107,000 after purchasing an additional 500 shares during the period. First Financial Corp IN increased its holdings in Enterprise Products Partners L.P. by 11.1% during the 2nd quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock worth $108,000 after purchasing an additional 400 shares during the period. First Eagle Investment Management LLC purchased a new stake in Enterprise Products Partners L.P. during the 2nd quarter worth about $130,000. Camarda Financial Advisors LLC increased its holdings in Enterprise Products Partners L.P. by 0.6% during the 2nd quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after purchasing an additional 27 shares during the period. Finally, Jacobi Capital Management LLC increased its holdings in Enterprise Products Partners L.P. by 690.9% during the 2nd quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock worth $148,000 after purchasing an additional 4,760 shares during the period. Hedge funds and other institutional investors own 37.56% of the company’s stock.

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Several equities research analysts have weighed in on EPD shares. Morgan Stanley upgraded Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $26.37 to $26.50 in a report on Thursday, June 15th. BidaskClub upgraded Enterprise Products Partners L.P. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. BMO Capital Markets restated a “buy” rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a report on Wednesday, July 12th. Stifel Nicolaus restated a “buy” rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, July 14th. Finally, Scotiabank set a $33.00 price target on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Friday, July 21st. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Enterprise Products Partners L.P. presently has a consensus rating of “Buy” and an average price target of $30.99.

Enterprise Products Partners L.P. (NYSE EPD) traded down 0.64% on Friday, hitting $26.49. The stock had a trading volume of 3,961,403 shares. The company’s 50-day moving average is $26.12 and its 200-day moving average is $26.75. The stock has a market cap of $56.90 billion, a P/E ratio of 20.84 and a beta of 0.90. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its 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 business had revenue of $6.61 billion for the quarter, compared to analysts’ expectations 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 firm’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, analysts anticipate that Enterprise Products Partners L.P. will post $1.34 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Tuesday, October 31st will be issued a $0.4225 dividend. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.69 annualized dividend and a yield of 6.34%. Enterprise Products Partners L.P.’s payout ratio is currently 132.28%.

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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