WASHINGTON TRUST Co lifted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,258 shares of the oil and gas producer’s stock after acquiring an additional 2,196 shares during the quarter. WASHINGTON TRUST Co’s holdings in Enterprise Products Partners L.P. were worth $658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EPD. Ameritas Investment Partners Inc. lifted its holdings in shares of Enterprise Products Partners L.P. 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 buying an additional 500 shares in the last quarter. First Financial Corp IN lifted its holdings 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. First Eagle Investment Management LLC purchased a new stake in shares of Enterprise Products Partners L.P. in the second quarter worth about $130,000. Camarda Financial Advisors LLC lifted its holdings in shares of Enterprise Products Partners L.P. by 0.6% in the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after buying an additional 27 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its holdings in shares of Enterprise Products Partners L.P. 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 buying an additional 4,760 shares in the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

EPD has been the topic of a number of recent analyst reports. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Friday, July 21st. Jefferies Group LLC decreased their price objective on shares of Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, September 1st. Stifel Nicolaus restated a “buy” rating and issued a $30.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, August 11th. BMO Capital Markets set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Thursday, October 12th. Finally, Seaport Global Securities began coverage on shares of Enterprise Products Partners L.P. in a research report on Tuesday, October 10th. They issued a “neutral” rating and a $29.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.86.

COPYRIGHT VIOLATION WARNING: “Enterprise Products Partners L.P. (EPD) Stake Increased by WASHINGTON TRUST Co” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.watchlistnews.com/enterprise-products-partners-l-p-epd-stake-increased-by-washington-trust-co/1683056.html.

Enterprise Products Partners L.P. (NYSE EPD) opened at $25.00 on Monday. Enterprise Products Partners L.P. has a 52-week low of $23.84 and a 52-week high of $30.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.41 and a current ratio of 0.61. The company has a market cap of $53,720.00, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 3.76 and a beta of 0.92.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings results 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). Enterprise Products Partners L.P. had a net margin of 9.83% and a return on equity of 12.01%. The business had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the previous year, the business earned $0.27 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. equities research analysts predict that Enterprise Products Partners L.P. will post 1.32 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.4225 per share. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.69 dividend on an annualized basis and a yield of 6.76%. The ex-dividend date is Monday, October 30th. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 149.56%.

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.

Want to see what other hedge funds are holding EPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Products Partners L.P. (NYSE:EPD).

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

Receive News & Ratings for Enterprise Products Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.