Bourgeon Capital Management LLC increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,805 shares of the oil and gas producer’s stock after acquiring an additional 400 shares during the quarter. Enterprise Products Partners comprises 2.0% of Bourgeon Capital Management LLC’s holdings, making the stock its 21st biggest position. Bourgeon Capital Management LLC’s holdings in Enterprise Products Partners were worth $3,738,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EPD. KMG Fiduciary Partners LLC increased its stake in Enterprise Products Partners by 3.6% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 9,826 shares of the oil and gas producer’s stock valued at $284,000 after purchasing an additional 341 shares in the last quarter. Gryphon Financial Partners LLC increased its stake in Enterprise Products Partners by 1.2% during the 2nd quarter. Gryphon Financial Partners LLC now owns 28,952 shares of the oil and gas producer’s stock valued at $836,000 after purchasing an additional 355 shares in the last quarter. Heritage Wealth Advisors increased its stake in Enterprise Products Partners by 0.8% during the 2nd quarter. Heritage Wealth Advisors now owns 46,261 shares of the oil and gas producer’s stock valued at $1,336,000 after purchasing an additional 362 shares in the last quarter. Allred Capital Management LLC increased its stake in Enterprise Products Partners by 1.1% during the 2nd quarter. Allred Capital Management LLC now owns 35,005 shares of the oil and gas producer’s stock valued at $1,015,000 after purchasing an additional 371 shares in the last quarter. Finally, Summit X LLC increased its stake in Enterprise Products Partners by 2.5% during the 3rd quarter. Summit X LLC now owns 15,076 shares of the oil and gas producer’s stock valued at $433,000 after purchasing an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 36.77% of the company’s stock.

EPD has been the topic of a number of recent analyst reports. Royal Bank of Canada initiated coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 price target on the stock. Scotia Howard Weill initiated coverage on shares of Enterprise Products Partners in a research note on Wednesday, September 4th. They set an “outperform” rating on the stock. Stifel Nicolaus upped their price target on shares of Enterprise Products Partners from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. ValuEngine lowered shares of Enterprise Products Partners from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Finally, Zacks Investment Research lowered shares of Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. Enterprise Products Partners has an average rating of “Buy” and a consensus target price of $33.50.

Shares of EPD stock traded down $0.10 during trading hours on Friday, hitting $26.33. The company’s stock had a trading volume of 4,193,098 shares, compared to its average volume of 4,042,235. The company has a 50 day moving average of $27.64 and a 200 day moving average of $28.61. The stock has a market cap of $58.34 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 3.05 and a beta of 0.87. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 1.06. Enterprise Products Partners L.P. has a 12-month low of $23.33 and a 12-month high of $30.86.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Monday, October 28th. The oil and gas producer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.05). The business had revenue of $7.96 billion during the quarter, compared to analysts’ expectations of $8.97 billion. Enterprise Products Partners had a net margin of 14.07% and a return on equity of 19.78%. The firm’s revenue was down 16.9% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. As a group, analysts anticipate that Enterprise Products Partners L.P. will post 2.19 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a $0.4425 dividend. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.44. This represents a $1.77 annualized dividend and a dividend yield of 6.72%. The ex-dividend date is Wednesday, October 30th. Enterprise Products Partners’s dividend payout ratio is 91.24%.

About Enterprise Products Partners

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.

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

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