Bank of New York Mellon Corp decreased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 16.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 614,711 shares of the oil and gas producer’s stock after selling 120,514 shares during the period. Bank of New York Mellon Corp’s holdings in Enterprise Products Partners were worth $16,027,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its position in shares of Enterprise Products Partners by 14.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock worth $107,000 after acquiring an additional 500 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Enterprise Products Partners in the second quarter worth $130,000. Jacobi Capital Management LLC increased its position in shares of Enterprise Products Partners by 690.9% in the second quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock worth $148,000 after acquiring an additional 4,760 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Enterprise Products Partners by 571.4% in the second quarter. Acrospire Investment Management LLC now owns 5,640 shares of the oil and gas producer’s stock worth $153,000 after acquiring an additional 4,800 shares in the last quarter. Finally, Phocas Financial Corp. acquired a new stake in shares of Enterprise Products Partners in the second quarter worth $168,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Carin Marcy Barth acquired 12,000 shares of Enterprise Products Partners stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $300,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Aj Teague acquired 8,250 shares of Enterprise Products Partners stock in a transaction on Tuesday, November 28th. The shares were bought 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 currently owned by corporate insiders.

Enterprise Products Partners L.P. (EPD) opened at $26.24 on Wednesday. The firm has a market cap of $57,074.28, a price-to-earnings ratio of 20.80, a PEG ratio of 3.97 and a beta of 0.89. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 0.96. Enterprise Products Partners L.P. has a 52 week low of $23.59 and a 52 week high of $30.25.

Several equities research analysts have recently issued reports on EPD shares. Zacks Investment Research lowered shares of Enterprise Products Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Jefferies Group dropped their price objective on shares of Enterprise Products Partners from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, September 1st. Tudor Pickering raised shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, December 13th. BMO Capital Markets reissued a “buy” rating and issued a $33.00 price objective on shares of Enterprise Products Partners in a research report on Tuesday, November 14th. Finally, SunTrust Banks reissued a “buy” rating and issued a $29.00 price objective on shares of Enterprise Products Partners in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Enterprise Products Partners currently has an average rating of “Buy” and a consensus target price of $30.92.

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Enterprise Products Partners Company 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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