Town & Country Bank & Trust CO dba First Bankers Trust CO maintained its stake in Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, Holdings Channel reports. The firm owned 13,153 shares of the oil and gas producer’s stock at the end of the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Enterprise Products Partners L.P. were worth $356,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of EPD. Evanson Asset Management LLC increased its stake in shares of Enterprise Products Partners L.P. by 1.0% in the first quarter. Evanson Asset Management LLC now owns 110,131 shares of the oil and gas producer’s stock worth $3,041,000 after buying an additional 1,110 shares during the last quarter. Telemus Capital LLC increased its stake in shares of Enterprise Products Partners L.P. by 0.9% in the first quarter. Telemus Capital LLC now owns 73,021 shares of the oil and gas producer’s stock worth $2,016,000 after buying an additional 679 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Enterprise Products Partners L.P. during the first quarter worth about $502,000. Warren Averett Asset Management LLC acquired a new stake in shares of Enterprise Products Partners L.P. during the first quarter worth about $225,000. Finally, Blue Chip Partners Inc. increased its stake in shares of Enterprise Products Partners L.P. by 5.4% in the first quarter. Blue Chip Partners Inc. now owns 33,017 shares of the oil and gas producer’s stock worth $912,000 after buying an additional 1,703 shares during the last quarter. 38.83% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners L.P. (EPD) traded down 1.63% on Tuesday, hitting $25.28. 3,433,807 shares of the company were exchanged. The company has a market capitalization of $54.30 billion, a P/E ratio of 19.89 and a beta of 0.89. The firm’s 50 day moving average is $27.01 and its 200 day moving average is $27.38. Enterprise Products Partners L.P. has a 52 week low of $24.01 and a 52 week high of $30.25.

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

The company also recently declared 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. This represents a $1.68 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is currently 132.28%.

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EPD has been the subject of a number of recent research reports. Morgan Stanley raised shares of Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $26.37 to $26.50 in a research report on Thursday, June 15th. Sanford C. Bernstein initiated coverage on shares of Enterprise Products Partners L.P. in a research report on Tuesday, May 16th. They set an “outperform” rating for the company. Guggenheim initiated coverage on shares of Enterprise Products Partners L.P. in a research report on Monday, April 17th. They set a “buy” rating and a $32.00 price objective for the company. BMO Capital Markets set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a research report on Monday, June 5th. Finally, Macquarie reissued an “outperform” rating and set a $32.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, April 21st. One analyst has rated the stock with a sell rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock 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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