Eagle Ridge Investment Management boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 2.5% during the third quarter, Holdings Channel reports. The institutional investor owned 42,180 shares of the company’s stock after buying an additional 1,013 shares during the period. Eagle Ridge Investment Management’s holdings in Enterprise Products Partners L.P. were worth $1,165,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Regal Investment Advisors LLC raised its position in shares of Enterprise Products Partners L.P. by 0.5% in the third quarter. Regal Investment Advisors LLC now owns 7,362 shares of the company’s stock worth $203,000 after buying an additional 33 shares in the last quarter. Wealthsource Partners LLC raised its position in shares of Enterprise Products Partners L.P. by 0.4% in the second quarter. Wealthsource Partners LLC now owns 10,956 shares of the company’s stock worth $321,000 after buying an additional 40 shares in the last quarter. Keeley Asset Management Corp raised its position in shares of Enterprise Products Partners L.P. by 0.5% in the second quarter. Keeley Asset Management Corp now owns 10,423 shares of the company’s stock worth $305,000 after buying an additional 47 shares in the last quarter. Deschutes Portfolio Strategy LLC raised its position in shares of Enterprise Products Partners L.P. by 0.4% in the third quarter. Deschutes Portfolio Strategy LLC now owns 11,507 shares of the company’s stock worth $318,000 after buying an additional 48 shares in the last quarter. Finally, BKD Wealth Advisors LLC raised its position in shares of Enterprise Products Partners L.P. by 0.6% in the third quarter. BKD Wealth Advisors LLC now owns 8,132 shares of the company’s stock worth $225,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 35.86% of the company’s stock.

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

Enterprise Products Partners L.P. (NYSE:EPD) traded up 0.29% during trading on Friday, reaching $27.38. The company had a trading volume of 3,656,503 shares. The stock has a market cap of $57.56 billion, a P/E ratio of 22.28 and a beta of 0.91. Enterprise Products Partners L.P. has a 12-month low of $19.00 and a 12-month high of $30.11. The firm has a 50-day moving average price of $26.33 and a 200 day moving average price of $26.92.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. Enterprise Products Partners L.P. had a net margin of 11.19% and a return on equity of 11.95%. The business earned $5.92 billion during the quarter, compared to analyst estimates of $5.87 billion. During the same quarter in the previous year, the business earned $0.32 EPS. Enterprise Products Partners L.P.’s quarterly revenue was down 6.1% compared to the same quarter last year. Equities research analysts predict that Enterprise Products Partners L.P. will post $1.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 7th. Investors of record on Tuesday, January 31st will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 5.99%. The ex-dividend date is Friday, January 27th. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.41. Enterprise Products Partners L.P.’s payout ratio is presently 131.71%.

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A number of brokerages have weighed in on EPD. Vetr lowered Enterprise Products Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $30.56 price target on the stock. in a research note on Wednesday, September 28th. Mizuho began coverage on Enterprise Products Partners L.P. in a research note on Thursday, September 29th. They set a “buy” rating and a $32.00 price target on the stock. Jefferies Group reissued a “buy” rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Sunday, October 16th. Deutsche Bank AG reduced their price target on Enterprise Products Partners L.P. from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, October 10th. Finally, Wolfe Research began coverage on Enterprise Products Partners L.P. in a research note on Friday, October 7th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.48.

In other Enterprise Products Partners L.P. news, Director Carin Marcy Barth acquired 4,000 shares of Enterprise Products Partners L.P. stock in a transaction that occurred on Wednesday, November 16th. The stock was acquired at an average price of $25.27 per share, with a total value of $101,080.00. 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 corporate insiders.

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.

5 Day Chart for NYSE:EPD

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