HAP Trading LLC lifted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 82.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 136,742 shares of the oil and gas producer’s stock after acquiring an additional 61,619 shares during the quarter. HAP Trading LLC’s holdings in Enterprise Products Partners L.P. were worth $3,565,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Boston Partners increased its stake in shares of Enterprise Products Partners L.P. by 82.6% during the second quarter. Boston Partners now owns 1,206,722 shares of the oil and gas producer’s stock valued at $32,678,000 after acquiring an additional 545,856 shares during the period. Cullen Frost Bankers Inc. grew its position in Enterprise Products Partners L.P. by 1.8% in the second quarter. Cullen Frost Bankers Inc. now owns 92,837 shares of the oil and gas producer’s stock worth $2,514,000 after buying an additional 1,616 shares during the last quarter. Pinnacle Financial Partners Inc. acquired a new position in Enterprise Products Partners L.P. in the second quarter worth approximately $1,159,000. Marshall Wace North America L.P. acquired a new position in Enterprise Products Partners L.P. in the second quarter worth approximately $12,501,000. Finally, Everett Harris & Co. CA grew its position in Enterprise Products Partners L.P. by 17.3% in the second quarter. Everett Harris & Co. CA now owns 94,025 shares of the oil and gas producer’s stock worth $2,546,000 after buying an additional 13,861 shares during the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

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Several research analysts have issued reports on the stock. 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 report on Tuesday. Zacks Investment Research upgraded shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. SunTrust Banks, Inc. restated a “buy” rating and issued a $29.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, November 3rd. Royal Bank Of Canada decreased their price target on shares of Enterprise Products Partners L.P. from $34.00 to $31.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $30.00 price target on shares of Enterprise Products Partners L.P. in a research report on Sunday, October 22nd. Three investment 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 stock presently has a consensus rating of “Buy” and an average price target of $30.86.

In other Enterprise Products Partners L.P. news, Director Carin Marcy Barth acquired 12,000 shares of Enterprise Products Partners L.P. stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $25.00 per share, with a total value of $300,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 37.50% of the stock is currently owned by insiders.

Enterprise Products Partners L.P. (NYSE:EPD) traded up $0.02 during mid-day trading on Friday, hitting $24.36. 3,120,000 shares of the company traded hands, compared to its average volume of 5,870,000. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.48 and a current ratio of 0.71. Enterprise Products Partners L.P. has a 1-year low of $23.59 and a 1-year high of $30.25. The firm has a market cap of $52,350.00, a price-to-earnings ratio of 18.91, a PEG ratio of 3.60 and a beta of 0.92.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 31st were paid a $0.4225 dividend. This represents a $1.69 annualized dividend and a dividend yield of 6.94%. The ex-dividend date was Monday, October 30th. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s payout ratio is presently 152.25%.

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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