National Bank of Canada FI Has $1.87 Million Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

National Bank of Canada FI lifted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPDGet Rating) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,491 shares of the oil and gas producer’s stock after buying an additional 753 shares during the quarter. National Bank of Canada FI’s holdings in Enterprise Products Partners were worth $1,870,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Enterprise Products Partners during the 4th quarter worth approximately $1,122,000. Chevy Chase Trust Holdings Inc. lifted its holdings in shares of Enterprise Products Partners by 31.9% in the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 16,550 shares of the oil and gas producer’s stock worth $363,000 after purchasing an additional 4,000 shares in the last quarter. CWM LLC acquired a new stake in Enterprise Products Partners in the 4th quarter valued at $408,000. Fifth Third Bancorp increased its stake in Enterprise Products Partners by 1.5% during the 4th quarter. Fifth Third Bancorp now owns 54,839 shares of the oil and gas producer’s stock valued at $1,204,000 after purchasing an additional 820 shares in the last quarter. Finally, RFG Advisory LLC raised its holdings in Enterprise Products Partners by 38.8% during the fourth quarter. RFG Advisory LLC now owns 13,793 shares of the oil and gas producer’s stock worth $303,000 after buying an additional 3,859 shares during the last quarter. Institutional investors own 27.29% of the company’s stock.

Enterprise Products Partners Stock Down 0.1 %

Shares of NYSE EPD opened at $25.70 on Friday. Enterprise Products Partners L.P. has a 52 week low of $20.42 and a 52 week high of $28.65. The business has a 50-day simple moving average of $25.65 and a two-hundred day simple moving average of $25.43. The company has a quick ratio of 0.67, a current ratio of 0.84 and a debt-to-equity ratio of 1.01. The company has a market cap of $56.04 billion, a P/E ratio of 11.58 and a beta of 1.16.

Enterprise Products Partners (NYSE:EPDGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $16.06 billion during the quarter, compared to the consensus estimate of $11.96 billion. Enterprise Products Partners had a return on equity of 19.08% and a net margin of 9.54%. The company’s revenue for the quarter was up 69.9% on a year-over-year basis. During the same quarter last year, the company posted $0.51 EPS. Research analysts anticipate that Enterprise Products Partners L.P. will post 2.48 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, July 29th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date is Thursday, July 28th. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.47. Enterprise Products Partners’s dividend payout ratio (DPR) is 85.59%.

Analysts Set New Price Targets

EPD has been the subject of several recent research reports. TD Securities upped their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group boosted their price target on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, July 8th. Raymond James increased their price objective on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a “strong-buy” rating in a research note on Thursday. Morgan Stanley boosted their target price on Enterprise Products Partners from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 26th. Finally, Mizuho increased their price target on Enterprise Products Partners from $30.00 to $32.00 in a research report on Tuesday, May 3rd. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.00.

Insider Activity

In other Enterprise Products Partners news, Director Carin Marcy Barth purchased 19,050 shares of the company’s stock in a transaction dated Friday, June 24th. The stock was purchased at an average price of $23.64 per share, for a total transaction of $450,342.00. Following the transaction, the director now owns 19,050 shares in the company, valued at approximately $450,342. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director John R. Rutherford bought 6,500 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average price of $25.78 per share, for a total transaction of $167,570.00. Following the transaction, the director now directly owns 113,941 shares of the company’s stock, valued at approximately $2,937,398.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carin Marcy Barth purchased 19,050 shares of the firm’s stock in a transaction on Friday, June 24th. The stock was bought at an average cost of $23.64 per share, for a total transaction of $450,342.00. Following the completion of the purchase, the director now directly owns 19,050 shares in the company, valued at $450,342. The disclosure for this purchase can be found here. Corporate insiders own 37.50% of the company’s stock.

About Enterprise Products Partners

(Get Rating)

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: 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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