Ladenburg Thalmann Financial Services Inc. reduced its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 9.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,328 shares of the oil and gas producer’s stock after selling 27,716 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Enterprise Products Partners were worth $7,256,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EPD. Weaver C. Barksdale & Associates Inc. acquired a new position in Enterprise Products Partners during the second quarter worth $390,000. Iowa State Bank acquired a new position in Enterprise Products Partners during the second quarter worth $237,000. Camarda Financial Advisors LLC raised its stake in Enterprise Products Partners by 0.6% during the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after acquiring an additional 27 shares in the last quarter. CENTRAL TRUST Co raised its stake in Enterprise Products Partners by 1.0% during the second quarter. CENTRAL TRUST Co now owns 42,031 shares of the oil and gas producer’s stock worth $1,138,000 after acquiring an additional 408 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. raised its stake in Enterprise Products Partners by 7.7% during the second quarter. Winslow Evans & Crocker Inc. now owns 121,933 shares of the oil and gas producer’s stock worth $3,305,000 after acquiring an additional 8,667 shares in the last quarter. Hedge funds and other institutional investors own 37.65% of the company’s stock.

Several analysts have recently commented on the company. BidaskClub upgraded Enterprise Products Partners from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Scotiabank set a $33.00 target price on Enterprise Products Partners and gave the stock a “buy” rating in a report on Sunday, October 15th. Mizuho set a $31.00 target price on Enterprise Products Partners and gave the stock a “buy” rating in a report on Sunday, October 15th. BMO Capital Markets set a $33.00 target price on Enterprise Products Partners and gave the stock a “buy” rating in a report on Thursday, October 12th. Finally, Zacks Investment Research upgraded Enterprise Products Partners from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $30.92.

In other news, Director Carin Marcy Barth purchased 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $300,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aj Teague purchased 8,250 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was purchased at an average price of $24.26 per share, for a total transaction of $200,145.00. The disclosure for this purchase can be found here. 37.50% of the stock is owned by company insiders.

Enterprise Products Partners L.P. (EPD) opened at $25.49 on Tuesday. The stock has a market capitalization of $53,897.48, a PE ratio of 19.64, a P/E/G ratio of 3.75 and a beta of 0.89. Enterprise Products Partners L.P. has a 1-year low of $23.59 and a 1-year high of $30.25. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 0.96.

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Enterprise Products Partners 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.

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

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