MUFG Americas Holdings Corp grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,252 shares of the oil and gas producer’s stock after buying an additional 3,075 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Enterprise Products Partners were worth $1,197,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Alps Advisors Inc. grew its stake in shares of Enterprise Products Partners by 13.2% during the second quarter. Alps Advisors Inc. now owns 40,898,736 shares of the oil and gas producer’s stock valued at $1,084,226,000 after buying an additional 4,777,192 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Enterprise Products Partners by 1.6% during the first quarter. Neuberger Berman Group LLC now owns 20,331,405 shares of the oil and gas producer’s stock valued at $497,713,000 after buying an additional 315,368 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Enterprise Products Partners by 1.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 15,202,934 shares of the oil and gas producer’s stock valued at $372,168,000 after buying an additional 169,660 shares during the last quarter. BlackRock Inc. grew its stake in shares of Enterprise Products Partners by 321.0% during the second quarter. BlackRock Inc. now owns 13,588,906 shares of the oil and gas producer’s stock valued at $376,005,000 after buying an additional 10,360,904 shares during the last quarter. Finally, Brookfield Asset Management Inc. grew its stake in shares of Enterprise Products Partners by 215.4% during the first quarter. Brookfield Asset Management Inc. now owns 12,347,075 shares of the oil and gas producer’s stock valued at $302,256,000 after buying an additional 8,432,139 shares during the last quarter. 36.51% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners stock opened at $28.68 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.74 and a debt-to-equity ratio of 1.00. The stock has a market cap of $62.80 billion, a PE ratio of 21.73, a PEG ratio of 5.77 and a beta of 0.94. Enterprise Products Partners L.P. has a 1-year low of $23.10 and a 1-year high of $30.05.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.07. The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $8.55 billion. Enterprise Products Partners had a net margin of 8.95% and a return on equity of 14.42%. Enterprise Products Partners’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. sell-side analysts predict that Enterprise Products Partners L.P. will post 1.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 8th. Stockholders of record on Tuesday, July 31st were issued a dividend of $0.43 per share. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date was Monday, July 30th. Enterprise Products Partners’s dividend payout ratio is currently 130.30%.

In related news, CEO Aj Teague acquired 3,390 shares of the stock in a transaction on Thursday, August 2nd. The stock was acquired at an average cost of $29.48 per share, for a total transaction of $99,937.20. Following the completion of the acquisition, the chief executive officer now directly owns 1,616,790 shares of the company’s stock, valued at approximately $47,662,969.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 37.50% of the company’s stock.

EPD has been the topic of a number of recent research reports. Zacks Investment Research cut Enterprise Products Partners from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Barclays raised their price objective on Enterprise Products Partners from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Wednesday, July 11th. Scotiabank set a $33.00 price objective on Enterprise Products Partners and gave the company a “buy” rating in a research note on Monday, August 20th. Stifel Nicolaus raised their price objective on Enterprise Products Partners from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, ValuEngine upgraded shares of Enterprise Products Partners from a “sell” rating to a “hold” rating in a report on Saturday, July 14th. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $32.38.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

See Also: Market Capitalization and Individual Investors

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

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