Envestnet Asset Management Inc. lessened its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 41.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,362 shares of the oil and gas producer’s stock after selling 24,312 shares during the period. Envestnet Asset Management Inc.’s holdings in Enterprise Products Partners were worth $896,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Argent Trust Co boosted its position in shares of Enterprise Products Partners by 15.5% during the 3rd quarter. Argent Trust Co now owns 30,504 shares of the oil and gas producer’s stock worth $795,000 after acquiring an additional 4,095 shares in the last quarter. Waters Parkerson & CO. LLC boosted its position in shares of Enterprise Products Partners by 46.3% during the 3rd quarter. Waters Parkerson & CO. LLC now owns 12,947 shares of the oil and gas producer’s stock worth $338,000 after acquiring an additional 4,100 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Enterprise Products Partners by 7.4% during the 3rd quarter. Private Advisor Group LLC now owns 194,405 shares of the oil and gas producer’s stock worth $5,124,000 after acquiring an additional 13,397 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Enterprise Products Partners by 4.3% during the 3rd quarter. Stifel Financial Corp now owns 2,545,080 shares of the oil and gas producer’s stock worth $66,364,000 after acquiring an additional 104,150 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA boosted its position in shares of Enterprise Products Partners by 23.1% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 41,440 shares of the oil and gas producer’s stock worth $1,080,000 after acquiring an additional 7,779 shares in the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

Several analysts recently issued reports on the stock. BMO Capital Markets set a $33.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a research report on Thursday, October 12th. Seaport Global Securities assumed coverage on shares of Enterprise Products Partners in a research report on Tuesday, October 10th. They set a “neutral” rating and a $29.00 price target on the stock. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a research report on Sunday, October 15th. Mizuho set a $31.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a research report on Sunday, October 15th. Finally, 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. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Enterprise Products Partners currently has a consensus rating of “Buy” and an average target price of $30.92.

Enterprise Products Partners L.P. (EPD) opened at $26.00 on Thursday. The company has a market cap of $57,074.28, a P/E ratio of 20.80, a P/E/G ratio of 3.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.71 and a quick ratio of 0.48. Enterprise Products Partners L.P. has a 52 week low of $23.59 and a 52 week high of $30.25.

In related news, Director Carin Marcy Barth acquired 12,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $25.00 per share, with a total value 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 the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was bought at an average cost of $24.26 per share, with a total value of $200,145.00. The disclosure for this purchase can be found here. 37.50% of the stock is owned by corporate insiders.

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Enterprise Products Partners 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.

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

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