Texan Capital Management decreased its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 54.5% during the second quarter, Holdings Channel reports. The fund owned 113,629 shares of the oil and gas producer’s stock after selling 136,030 shares during the period. Enterprise Products Partners L.P. accounts for 2.1% of Texan Capital Management’s portfolio, making the stock its 13th largest position. Texan Capital Management’s holdings in Enterprise Products Partners L.P. were worth $3,077,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EPD. Dubuque Bank & Trust Co. boosted its stake in shares of Enterprise Products Partners L.P. by 222.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,790 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 2,615 shares in the last quarter. First Financial Corp IN boosted its stake in shares of Enterprise Products Partners L.P. by 11.1% in the second quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock worth $108,000 after buying an additional 400 shares in the last quarter. Baystate Wealth Management LLC boosted its stake in shares of Enterprise Products Partners L.P. by 1,050.7% in the first quarter. Baystate Wealth Management LLC now owns 4,361 shares of the oil and gas producer’s stock worth $122,000 after buying an additional 3,982 shares in the last quarter. Crestwood Advisors Group LLC bought a new stake in shares of Enterprise Products Partners L.P. during the first quarter worth $140,000. Finally, Intellectus Partners LLC boosted its stake in shares of Enterprise Products Partners L.P. by 8.0% in the first quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock worth $149,000 after buying an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 38.83% of the company’s stock.

Shares of Enterprise Products Partners L.P. (EPD) traded down 1.63% on Tuesday, hitting $25.28. 3,433,707 shares of the company were exchanged. The firm has a market cap of $54.30 billion, a P/E ratio of 19.89 and a beta of 0.89. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25. The company 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. (NYSE:EPD) last posted its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. The business 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 firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS. Analysts predict that Enterprise Products Partners L.P. will post $1.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date was Thursday, July 27th. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s dividend payout ratio is 132.28%.

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A number of equities research analysts have weighed in on EPD shares. Morgan Stanley upgraded shares of Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $26.37 to $26.50 in a research report on Thursday, June 15th. Sanford C. Bernstein started coverage on shares of Enterprise Products Partners L.P. in a research report on Tuesday, May 16th. They set an “outperform” rating for the company. Guggenheim started coverage on shares of Enterprise Products Partners L.P. in a research report on Monday, April 17th. They set a “buy” rating and a $32.00 price target for the company. BMO Capital Markets set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a research report on Monday, June 5th. Finally, Macquarie reiterated an “outperform” rating and set a $32.00 price target on shares of Enterprise Products Partners L.P. in a research 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 assigned a strong buy rating to the stock. Enterprise Products Partners L.P. currently has a consensus rating of “Buy” and an average target price 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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