Meeder Asset Management Inc. continued to hold its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, Holdings Channel reports. The institutional investor owned 24,497 shares of the oil and gas producer’s stock at the end of the second quarter. Meeder Asset Management Inc.’s holdings in Enterprise Products Partners L.P. were worth $663,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Chickasaw Capital Management LLC increased its stake in shares of Enterprise Products Partners L.P. by 40.5% in the first quarter. Chickasaw Capital Management LLC now owns 14,566,207 shares of the oil and gas producer’s stock valued at $402,173,000 after buying an additional 4,202,364 shares during the period. BlackRock Inc. increased its stake in shares of Enterprise Products Partners L.P. by 5,083.2% in the first quarter. BlackRock Inc. now owns 3,225,992 shares of the oil and gas producer’s stock valued at $89,069,000 after buying an additional 3,163,753 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Enterprise Products Partners L.P. by 38.0% in the first quarter. Ameriprise Financial Inc. now owns 7,334,276 shares of the oil and gas producer’s stock valued at $202,351,000 after buying an additional 2,018,930 shares during the period. Epoch Investment Partners Inc. increased its stake in shares of Enterprise Products Partners L.P. by 24.2% in the first quarter. Epoch Investment Partners Inc. now owns 7,138,017 shares of the oil and gas producer’s stock valued at $197,080,000 after buying an additional 1,389,424 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Enterprise Products Partners L.P. by 18.2% in the first quarter. American Century Companies Inc. now owns 6,964,325 shares of the oil and gas producer’s stock valued at $192,285,000 after buying an additional 1,072,931 shares during the period. Institutional investors own 38.83% of the company’s stock.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded down 1.63% on Tuesday, reaching $25.28. The company had a trading volume of 3,433,707 shares. The stock has a 50-day moving average price of $27.01 and a 200-day moving average price of $27.38. Enterprise Products Partners L.P. has a 12 month low of $24.01 and a 12 month high of $30.25. The stock has a market cap of $54.30 billion, a PE ratio of 19.89 and a beta of 0.89.

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 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $6.61 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. Analysts predict 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. Shareholders of record on Monday, July 31st were issued a dividend of $0.42 per share. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date was Thursday, July 27th. Enterprise Products Partners L.P.’s payout ratio is currently 132.28%.

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A number of research analysts recently issued reports on EPD shares. Morgan Stanley upgraded Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $26.37 to $26.50 in a report on Thursday, June 15th. Sanford C. Bernstein started coverage on Enterprise Products Partners L.P. in a report on Tuesday, May 16th. They set an “outperform” rating for the company. Guggenheim started 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 for the company. BMO Capital Markets set a $33.00 price objective on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Monday, June 5th. Finally, Macquarie reiterated an “outperform” rating and set a $32.00 price objective on shares of Enterprise Products Partners L.P. in a report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.62.

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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