Salem Investment Counselors Inc. decreased its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 289,438 shares of the oil and gas producer’s stock after selling 38,947 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Enterprise Products Partners were worth $7,580,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EPD. Camarda Financial Advisors LLC boosted its position in Enterprise Products Partners by 0.6% during the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after acquiring an additional 27 shares during the last quarter. CENTRAL TRUST Co boosted its position in Enterprise Products Partners by 1.0% during the second quarter. CENTRAL TRUST Co now owns 42,031 shares of the oil and gas producer’s stock worth $1,138,000 after acquiring an additional 408 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its position in Enterprise Products Partners by 7.7% during the second quarter. Winslow Evans & Crocker Inc. now owns 121,933 shares of the oil and gas producer’s stock worth $3,305,000 after acquiring an additional 8,667 shares during the last quarter. Aperio Group LLC boosted its position in Enterprise Products Partners by 76.0% during the second quarter. Aperio Group LLC now owns 31,983 shares of the oil and gas producer’s stock worth $866,000 after acquiring an additional 13,808 shares during the last quarter. Finally, ING Groep NV boosted its position in Enterprise Products Partners by 1.9% during the second quarter. ING Groep NV now owns 4,224,840 shares of the oil and gas producer’s stock worth $114,409,000 after acquiring an additional 76,940 shares during the last quarter. Institutional investors and hedge funds own 37.65% of the company’s stock.

A number of research firms recently weighed in on EPD. BidaskClub upgraded shares of Enterprise Products Partners from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a research report on Sunday, October 15th. Mizuho set a $31.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a research report on Sunday, October 15th. BMO Capital Markets set a $33.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a research report on Thursday, October 12th. Finally, Zacks Investment Research upgraded shares of Enterprise Products Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.92.

In related news, Director Carin Marcy Barth purchased 12,000 shares of Enterprise Products Partners stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost 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 accessible through the SEC website. Also, CEO Aj Teague purchased 8,250 shares of Enterprise Products Partners stock in a transaction dated Tuesday, November 28th. The stock was bought at an average cost of $24.26 per share, for a total transaction of $200,145.00. The disclosure for this purchase can be found here. 37.50% of the stock is owned by insiders.

Enterprise Products Partners L.P. (NYSE:EPD) opened at $25.90 on Thursday. 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 52 week low of $23.59 and a 52 week high of $30.25. The company has a market cap of $55,604.74, a PE ratio of 20.26, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89.

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About Enterprise Products Partners

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 (NYSE:EPD)

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