Home Federal Bank of Tennessee continued to hold its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, Holdings Channel reports. The fund owned 31,350 shares of the oil and gas producer’s stock at the end of the second quarter. Home Federal Bank of Tennessee’s holdings in Enterprise Products Partners L.P. were worth $849,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Washington Trust Bank raised its position in shares of 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 during the last quarter. Doyle Wealth Management purchased a new position in shares of Enterprise Products Partners L.P. during the first quarter worth about $301,000. Integrated Wealth Management raised its position in shares of 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 during the last quarter. BKD Wealth Advisors LLC raised its position in shares of Enterprise Products Partners L.P. by 0.6% in the first quarter. BKD Wealth Advisors LLC now owns 8,639 shares of the oil and gas producer’s stock worth $239,000 after buying an additional 51 shares during the last quarter. Finally, North American Management Corp raised its position in shares of Enterprise Products Partners L.P. by 6.1% in the first quarter. North American Management Corp now owns 175,930 shares of the oil and gas producer’s stock worth $4,857,000 after buying an additional 10,121 shares during the last quarter. 38.69% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners L.P. (NYSE:EPD) traded down 0.2521% during midday trading on Thursday, hitting $26.1938. The stock had a trading volume of 1,261,731 shares. The company has a market cap of $56.26 billion, a P/E ratio of 20.6088 and a beta of 0.89. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The stock’s 50-day moving average is $27.03 and its 200-day moving average is $27.45.

Enterprise Products Partners L.P. (NYSE:EPD) last released its 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 return on equity of 12.04% and a net margin of 10.28%. The business had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period in the prior year, the firm posted $0.27 EPS. Enterprise Products Partners L.P.’s revenue was up 17.6% on a year-over-year basis. Equities 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. Shareholders of record on Monday, July 31st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date was Thursday, July 27th. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s payout ratio is currently 132.28%.

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A number of equities analysts have issued reports on the company. Guggenheim assumed coverage on Enterprise Products Partners L.P. in a research note on Monday, April 17th. They set a “buy” rating and a $32.00 price target for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Friday, July 14th. Vetr raised Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price target for the company in a research note on Monday, April 24th. Macquarie reaffirmed an “outperform” rating and set a $32.00 price target on shares of Enterprise Products Partners L.P. in a research note on Friday, April 21st. Finally, Scotiabank set a $33.00 price target on 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 given a strong buy rating to the company. Enterprise Products Partners L.P. currently has an average rating of “Buy” and a consensus price target of $31.81.

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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