First Citizens Bank & Trust Co. raised its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 64.2% during the third quarter, Holdings Channel reports. The institutional investor owned 18,780 shares of the company’s stock after buying an additional 7,344 shares during the period. First Citizens Bank & Trust Co.’s holdings in Enterprise Products Partners L.P. were worth $519,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the stock. Tortoise Capital Advisors L.L.C. raised its stake in Enterprise Products Partners L.P. by 0.9% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 39,814,198 shares of the company’s stock valued at $1,164,963,000 after buying an additional 370,503 shares in the last quarter. Harvest Fund Advisors LLC raised its position in Enterprise Products Partners L.P. by 1.0% in the second quarter. Harvest Fund Advisors LLC now owns 38,089,856 shares of the company’s stock valued at $1,114,509,000 after buying an additional 380,430 shares during the period. Fayez Sarofim & Co. raised its position in Enterprise Products Partners L.P. by 1.9% in the second quarter. Fayez Sarofim & Co. now owns 18,577,940 shares of the company’s stock valued at $543,591,000 after buying an additional 344,401 shares during the period. ING Groep NV raised its position in Enterprise Products Partners L.P. by 34.5% in the second quarter. ING Groep NV now owns 16,170,780 shares of the company’s stock valued at $472,995,000 after buying an additional 4,147,645 shares during the period. Finally, Atlantic Trust Group LLC raised its position in Enterprise Products Partners L.P. by 5.2% in the second quarter. Atlantic Trust Group LLC now owns 14,921,445 shares of the company’s stock valued at $436,602,000 after buying an additional 741,006 shares during the period. 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)

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up 0.29% during mid-day trading on Friday, reaching $27.38. 3,656,503 shares of the company were exchanged. The stock has a market capitalization 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 stock has a 50 day moving average price of $26.36 and a 200-day moving average price of $26.92.

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

The company also recently declared 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. The ex-dividend date is Friday, January 27th. This represents a $1.64 dividend on an annualized basis and a yield of 5.99%. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.41. Enterprise Products Partners L.P.’s payout ratio is currently 131.71%.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The correct version of this piece can be accessed at http://www.watchlistnews.com/first-citizens-bank-trust-co-acquires-7344-shares-of-enterprise-products-partners-l-p-epd/1060893.html.

Several research analysts recently commented on the stock. Ladenburg Thalmann reiterated a “buy” rating and set a $30.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Sunday, December 4th. Vetr lowered shares of Enterprise Products Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $30.56 price objective for the company. in a research note on Wednesday, September 28th. Stifel Nicolaus reiterated a “buy” rating and set a $32.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Monday, October 31st. Jefferies Group reiterated a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Sunday, October 16th. Finally, Mizuho assumed coverage on shares of Enterprise Products Partners L.P. in a research note on Thursday, September 29th. They set a “buy” rating and a $32.00 price objective for the company. Two analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $31.48.

In other news, Director Carin Marcy Barth purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was bought at an average price of $25.27 per share, for a total transaction of $101,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 37.50% of the stock is currently owned by corporate insiders.

Enterprise Products Partners L.P. Company Profile

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

Want to see what other hedge funds are holding EPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Products Partners L.P. (NYSE:EPD).

Receive News & Ratings for Enterprise Products Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.