Capital Investment Advisors LLC increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 11.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,971 shares of the oil and gas producer’s stock after buying an additional 15,532 shares during the period. Capital Investment Advisors LLC’s holdings in Enterprise Products Partners L.P. were worth $3,980,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Evanson Asset Management LLC increased its stake in shares of Enterprise Products Partners L.P. by 1.0% in the first quarter. Evanson Asset Management LLC now owns 110,131 shares of the oil and gas producer’s stock valued at $3,041,000 after buying an additional 1,110 shares in the last quarter. North American Management Corp increased its stake in shares of Enterprise Products Partners L.P. by 6.1% in the first quarter. North American Management Corp now owns 175,930 shares of the oil and gas producer’s stock valued at $4,857,000 after buying an additional 10,121 shares in the last quarter. Telemus Capital LLC increased its stake in shares of Enterprise Products Partners L.P. by 0.9% in the first quarter. Telemus Capital LLC now owns 73,021 shares of the oil and gas producer’s stock valued at $2,016,000 after buying an additional 679 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Enterprise Products Partners L.P. during the first quarter valued at about $502,000. Finally, Warren Averett Asset Management LLC bought a new stake in shares of Enterprise Products Partners L.P. during the first quarter valued at about $225,000. Hedge funds and other institutional investors own 38.69% of the company’s stock.

Shares of Enterprise Products Partners L.P. (EPD) traded up 0.209% during trading on Thursday, hitting $26.315. 957,680 shares of the stock traded hands. The firm has a 50 day moving average price of $27.03 and a 200-day moving average price of $27.46. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The company has a market cap of $56.53 billion, a PE ratio of 20.704 and a beta of 0.89.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.03. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The company had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the previous year, the firm posted $0.27 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. Analysts anticipate that Enterprise Products Partners L.P. will post $1.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Monday, July 31st were issued a dividend of $0.42 per share. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, July 27th. This represents a $1.68 annualized dividend and a dividend yield of 6.40%. Enterprise Products Partners L.P.’s payout ratio is presently 132.28%.

ILLEGAL ACTIVITY NOTICE: This report was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.watchlistnews.com/capital-investment-advisors-llc-buys-15532-shares-of-enterprise-products-partners-l-p-nyseepd/1468978.html.

EPD has been the subject of several recent research reports. BidaskClub upgraded Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Sanford C. Bernstein started coverage on Enterprise Products Partners L.P. in a report on Tuesday, May 16th. They issued an “outperform” rating for the company. Barclays PLC restated an “overweight” rating and set a $31.00 target price (down from $33.00) on shares of Enterprise Products Partners L.P. in a research note on Friday, August 4th. Guggenheim started coverage on Enterprise Products Partners L.P. in a research note on Monday, April 17th. They set a “buy” rating and a $32.00 target price for the company. Finally, Vetr upgraded Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 target price for the company in a research note on Monday, April 24th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Enterprise Products Partners L.P. has a consensus rating of “Buy” and a consensus price target of $31.81.

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.

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).

Institutional Ownership by Quarter 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.