Independent Advisor Alliance raised its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 19.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,090 shares of the oil and gas producer’s stock after buying an additional 4,499 shares during the period. Independent Advisor Alliance’s holdings in Enterprise Products Partners were worth $742,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Ameritas Investment Partners Inc. boosted its holdings in Enterprise Products Partners by 14.3% during 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. Ffcm LLC bought a new stake in Enterprise Products Partners during the third quarter worth approximately $112,000. First Eagle Investment Management LLC bought a new stake in Enterprise Products Partners during the second quarter worth approximately $130,000. Camarda Financial Advisors LLC boosted its holdings in Enterprise Products Partners by 0.6% during 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 position in shares of Enterprise Products Partners by 690.9% in the 2nd quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock valued at $148,000 after acquiring an additional 4,760 shares in the last quarter. Hedge funds and other institutional investors own 37.65% of the company’s stock.

In related news, Director Carin Marcy Barth bought 12,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was bought at an average price of $25.00 per share, for a total transaction of $300,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Aj Teague bought 8,250 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was bought at an average price 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.

Several equities research analysts recently commented on the stock. Tudor Pickering upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a research report on Wednesday. BMO Capital Markets restated a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Enterprise Products Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. SunTrust Banks restated a “buy” rating and issued a $29.00 price target on shares of Enterprise Products Partners in a research report on Friday, November 3rd. Finally, Royal Bank of Canada reduced their price target on shares of Enterprise Products Partners from $34.00 to $31.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $30.92.

Enterprise Products Partners L.P. (NYSE EPD) traded up $0.24 during mid-day trading on Wednesday, reaching $25.73. 7,027,700 shares of the company’s stock were exchanged, compared to its average volume of 4,769,215. Enterprise Products Partners L.P. has a 12 month low of $23.59 and a 12 month high of $30.25. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.96. The stock has a market cap of $55,086.08, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 3.83 and a beta of 0.89.

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About Enterprise Products Partners

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 (NYSE:EPD)

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