Bank of The West held its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,543 shares of the oil and gas producer’s stock at the end of the second quarter. Bank of The West’s holdings in Enterprise Products Partners L.P. were worth $259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Telemus Capital LLC increased its position in Enterprise Products Partners L.P. by 0.9% in the first quarter. Telemus Capital LLC now owns 73,021 shares of the oil and gas producer’s stock worth $2,016,000 after buying an additional 679 shares in the last quarter. SeaBridge Investment Advisors LLC increased its position in Enterprise Products Partners L.P. by 8.8% in the first quarter. SeaBridge Investment Advisors LLC now owns 75,431 shares of the oil and gas producer’s stock worth $2,083,000 after buying an additional 6,110 shares in the last quarter. Washington Trust Bank increased its position in Enterprise Products Partners L.P. by 292.7% in the first quarter. Washington Trust Bank now owns 8,640 shares of the oil and gas producer’s stock worth $239,000 after buying an additional 6,440 shares in the last quarter. Doyle Wealth Management bought a new position in Enterprise Products Partners L.P. during the first quarter worth approximately $301,000. Finally, Integrated Wealth Management increased its position in Enterprise Products Partners L.P. by 0.8% in the first quarter. Integrated Wealth Management now owns 118,548 shares of the oil and gas producer’s stock worth $3,273,000 after buying an additional 900 shares in the last quarter. 38.69% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners L.P. (EPD) traded up 0.12% during mid-day trading on Friday, reaching $26.11. 1,375,497 shares of the company were exchanged. The company has a market cap of $56.08 billion, a P/E ratio of 20.54 and a beta of 0.89. Enterprise Products Partners L.P. has a 12 month low of $24.01 and a 12 month high of $30.25. The stock’s 50-day moving average is $27.03 and its 200-day moving average is $27.44.

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 for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The firm had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same period last year, the business earned $0.27 earnings per share. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. Equities analysts expect that Enterprise Products Partners L.P. will post $1.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Monday, July 31st were paid a dividend of $0.42 per share. 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.44%. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is 132.28%.

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A number of research firms have recently commented on EPD. Guggenheim began coverage on shares of Enterprise Products Partners L.P. in a research note on Monday, April 17th. They set a “buy” rating and a $32.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Friday, July 14th. Vetr raised shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price objective for the company in a research note on Monday, April 24th. Macquarie reaffirmed an “outperform” rating and set a $32.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Friday, April 21st. Finally, Scotiabank set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.81.

Enterprise Products Partners L.P. 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 L.P. (NYSE:EPD)

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