Cypress Asset Management Inc. TX decreased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 16.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 409,307 shares of the oil and gas producer’s stock after selling 80,335 shares during the period. Enterprise Products Partners L.P. comprises about 2.3% of Cypress Asset Management Inc. TX’s investment portfolio, making the stock its 8th largest position. Cypress Asset Management Inc. TX’s holdings in Enterprise Products Partners L.P. were worth $11,084,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in Enterprise Products Partners L.P. during the fourth quarter worth $405,000. Stock Yards Bank & Trust Co. increased its stake in Enterprise Products Partners L.P. by 28.7% in the first quarter. Stock Yards Bank & Trust Co. now owns 20,196 shares of the oil and gas producer’s stock worth $557,000 after buying an additional 4,500 shares during the last quarter. E&G Advisors LP increased its stake in Enterprise Products Partners L.P. by 1.8% in the first quarter. E&G Advisors LP now owns 89,612 shares of the oil and gas producer’s stock worth $2,474,000 after buying an additional 1,567 shares during the last quarter. Spirit of America Management Corp NY increased its stake in Enterprise Products Partners L.P. by 18.7% in the first quarter. Spirit of America Management Corp NY now owns 918,931 shares of the oil and gas producer’s stock worth $25,372,000 after buying an additional 144,950 shares during the last quarter. Finally, TNB Financial bought a new stake in Enterprise Products Partners L.P. during the first quarter worth $1,429,000. 38.69% of the stock is currently owned by institutional investors.

Enterprise Products Partners L.P. (NYSE EPD) traded down 0.19% on Thursday, reaching $26.21. 1,263,331 shares of the company traded hands. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25. The stock has a 50-day moving average of $27.03 and a 200 day moving average of $27.45. The company has a market capitalization of $56.30 billion, a PE ratio of 20.62 and a beta of 0.89.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The firm had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The business’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. On average, equities analysts forecast that Enterprise Products Partners L.P. will post $1.39 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Monday, July 31st were given a $0.42 dividend. The ex-dividend date was Thursday, July 27th. This represents a $1.68 dividend on an annualized basis and a yield of 6.40%. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is currently 132.28%.

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EPD has been the topic of a number of recent research reports. Guggenheim initiated coverage on Enterprise Products Partners L.P. in a report on Monday, April 17th. They set a “buy” rating and a $32.00 price objective on the stock. Macquarie reiterated an “outperform” rating and issued a $32.00 target price on shares of Enterprise Products Partners L.P. in a research note on Friday, April 21st. Vetr upgraded shares of 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. Sanford C. Bernstein initiated coverage on shares of Enterprise Products Partners L.P. in a research note on Tuesday, May 16th. They issued an “outperform” rating for the company. Finally, BMO Capital Markets set a $33.00 target price on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a research note on Monday, June 5th. One research analyst has rated the stock with a sell rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average 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.

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

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