Dividend Assets Capital LLC cut its position in Enterprise Products Partners L.P. (NYSE:EPD) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,651,264 shares of the oil and gas producer’s stock after selling 174,296 shares during the period. Enterprise Products Partners L.P. accounts for approximately 2.8% of Dividend Assets Capital LLC’s investment portfolio, making the stock its 4th biggest holding. Dividend Assets Capital LLC owned about 0.12% of Enterprise Products Partners L.P. worth $69,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its stake 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 valued at $107,000 after purchasing an additional 500 shares during the last quarter. First Financial Corp IN boosted its stake 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 valued at $108,000 after purchasing an additional 400 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in Enterprise Products Partners L.P. during the 2nd quarter valued at about $130,000. Camarda Financial Advisors LLC boosted its stake 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 valued at $131,000 after purchasing an additional 27 shares during the last quarter. Finally, Jacobi Capital Management LLC boosted its stake 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 valued at $148,000 after purchasing an additional 4,760 shares during the last quarter. Institutional investors own 37.56% of the company’s stock.

In related news, Director Carin Marcy Barth purchased 12,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $25.00 per share, with a total value of $300,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 37.50% of the company’s stock.

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Enterprise Products Partners L.P. (EPD) traded down $0.41 during trading on Monday, hitting $24.59. 1,913,357 shares of the company’s stock traded hands, compared to its average volume of 4,638,610. Enterprise Products Partners L.P. has a 1 year low of $23.84 and a 1 year high of $30.25. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.48 and a current ratio of 0.71. The company has a market cap of $52,870.00, a PE ratio of 19.68, a P/E/G ratio of 3.74 and a beta of 0.92.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 31st were given a dividend of $0.4225 per share. The ex-dividend date was Monday, October 30th. This represents a $1.69 annualized dividend and a dividend yield of 6.87%. 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 currently 152.25%.

A number of equities analysts have issued reports on EPD shares. Jefferies Group LLC cut their price target on Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, September 1st. Zacks Investment Research downgraded Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 price target on shares of Enterprise Products Partners L.P. in a research note on Friday, September 15th. Scotiabank set a $33.00 price target on Enterprise Products Partners L.P. and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, Seaport Global Securities started coverage on Enterprise Products Partners L.P. in a research note on Tuesday, October 10th. They set a “neutral” rating and a $29.00 price target for the company. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $30.86.

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.

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

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