Botty Investors LLC raised its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 190.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,427 shares of the oil and gas producer’s stock after buying an additional 44,841 shares during the period. Botty Investors LLC’s holdings in Enterprise Products Partners L.P. were worth $1,853,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bourgeon Capital Management LLC increased its position in shares of Enterprise Products Partners L.P. by 0.5% in the first quarter. Bourgeon Capital Management LLC now owns 85,325 shares of the oil and gas producer’s stock worth $2,356,000 after buying an additional 400 shares during the last quarter. Security National Trust Co. increased its position in shares of Enterprise Products Partners L.P. by 5.1% in the first quarter. Security National Trust Co. now owns 15,393 shares of the oil and gas producer’s stock worth $425,000 after buying an additional 750 shares during the last quarter. WealthTrust Axiom LLC increased its position in shares of Enterprise Products Partners L.P. by 0.3% in the first quarter. WealthTrust Axiom LLC now owns 31,057 shares of the oil and gas producer’s stock worth $857,000 after buying an additional 86 shares during the last quarter. Wesbanco Bank Inc. increased its position in shares of Enterprise Products Partners L.P. by 5.9% in the first quarter. Wesbanco Bank Inc. now owns 15,162 shares of the oil and gas producer’s stock worth $419,000 after buying an additional 845 shares during the last quarter. Finally, Rothschild Capital Partners LLC increased its position in shares of Enterprise Products Partners L.P. by 0.4% in the first quarter. Rothschild Capital Partners LLC now owns 239,449 shares of the oil and gas producer’s stock worth $6,611,000 after buying an additional 863 shares during the last quarter. Institutional investors and hedge funds own 37.85% of the company’s stock.

Enterprise Products Partners L.P. (NYSE EPD) opened at 26.09 on Friday. The company’s 50-day moving average is $26.44 and its 200 day moving average is $27.10. The stock has a market capitalization of $56.04 billion, a PE ratio of 20.53 and a beta of 0.90. Enterprise Products Partners L.P. has a 12-month low of $24.01 and a 12-month high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The firm had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.44 billion. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, analysts predict that Enterprise Products Partners L.P. will post $1.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were given a $0.42 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a yield of 6.44%. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is currently 132.28%.

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A number of equities analysts recently commented on EPD shares. BidaskClub upgraded shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Barclays PLC reiterated an “overweight” rating and set a $31.00 target price (down previously from $33.00) on shares of Enterprise Products Partners L.P. in a research note on Friday, August 4th. Sanford C. Bernstein started coverage on shares of Enterprise Products Partners L.P. in a research note on Tuesday, May 16th. They set an “outperform” rating for the company. Stifel Nicolaus reiterated a “buy” rating and set a $33.00 target price on shares of Enterprise Products Partners L.P. in a research note on Friday, July 14th. Finally, Morgan Stanley upgraded shares of Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $26.37 to $26.50 in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $31.39.

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.

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

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