Moloney Securities Asset Management LLC reduced its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 7.0% during the second quarter, Holdings Channel reports. The firm owned 8,448 shares of the oil and gas producer’s stock after selling 635 shares during the period. Moloney Securities Asset Management LLC’s holdings in Enterprise Products Partners L.P. were worth $229,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Dubuque Bank & Trust Co. boosted its stake in shares of Enterprise Products Partners L.P. by 222.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,790 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 2,615 shares during the period. First Financial Corp IN boosted its stake 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 during the period. Baystate Wealth Management LLC boosted its stake in shares of Enterprise Products Partners L.P. by 1,050.7% in the first quarter. Baystate Wealth Management LLC now owns 4,361 shares of the oil and gas producer’s stock worth $122,000 after buying an additional 3,982 shares during the period. Camarda Financial Advisors LLC boosted its stake 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 during the period. Finally, Crestwood Advisors Group LLC bought a new stake in shares of Enterprise Products Partners L.P. during the first quarter worth $140,000. Hedge funds and other institutional investors own 38.83% of the company’s stock.

Shares of Enterprise Products Partners L.P. (EPD) traded down 1.75% during trading on Tuesday, hitting $25.25. The stock had a trading volume of 4,026,048 shares. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The stock has a market capitalization of $54.24 billion, a price-to-earnings ratio of 19.87 and a beta of 0.89. The stock has a 50 day moving average price of $27.01 and a 200-day moving average price of $27.38.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The company’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, equities research analysts predict that Enterprise Products Partners L.P. will post $1.39 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.68 dividend on an annualized basis and a yield of 6.54%. 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 analysts have weighed in on the company. BidaskClub cut Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Stifel Nicolaus restated a “buy” rating and set a $30.00 target price on shares of Enterprise Products Partners L.P. in a report on Friday. Barclays PLC restated an “overweight” rating and set a $31.00 target price (down previously from $33.00) on shares of Enterprise Products Partners L.P. in a report on Friday, August 4th. Sanford C. Bernstein restated an “outperform” rating on shares of Enterprise Products Partners L.P. in a report on Thursday, August 10th. Finally, BMO Capital Markets restated a “buy” rating and set a $33.00 target price on shares of Enterprise Products Partners L.P. in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $31.62.

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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