American National Registered Investment Advisor Inc. Maintains Position in Enterprise Products Partners L.P. (NYSE:EPD)

American National Registered Investment Advisor Inc. maintained its position in Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,906 shares of the oil and gas producer’s stock at the end of the second quarter. American National Registered Investment Advisor Inc.’s holdings in Enterprise Products Partners L.P. were worth $783,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EPD. Evanson Asset Management LLC raised 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. North American Management Corp raised its stake 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. Whalerock Point Partners LLC raised its stake in shares of Enterprise Products Partners L.P. by 8.9% in the fourth quarter. Whalerock Point Partners LLC now owns 77,130 shares of the oil and gas producer’s stock worth $2,086,000 after buying an additional 6,280 shares during the last quarter. Comerica Bank raised its stake in shares of Enterprise Products Partners L.P. by 9.5% in the fourth quarter. Comerica Bank now owns 53,883 shares of the oil and gas producer’s stock worth $1,476,000 after buying an additional 4,670 shares during the last quarter. Finally, Ibex Wealth Advisors acquired a new stake in shares of Enterprise Products Partners L.P. during the fourth quarter worth about $2,076,000. 38.69% of the stock is currently owned by institutional investors.

Enterprise Products Partners L.P. (EPD) opened at 25.90 on Friday. Enterprise Products Partners L.P. has a 52 week low of $24.01 and a 52 week high of $30.25. The firm has a 50-day moving average price of $27.03 and a 200-day moving average price of $27.43. The firm has a market capitalization of $55.63 billion, a P/E ratio of 20.38 and a beta of 0.89.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $6.44 billion. During the same period last year, the company earned $0.27 EPS. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. Equities analysts forecast that Enterprise Products Partners L.P. will post $1.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 6.49%. 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 is 132.28%.

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EPD has been the topic of a number of analyst reports. BMO Capital Markets set a $33.00 target price on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Monday, June 5th. Guggenheim initiated coverage on Enterprise Products Partners L.P. in a research note on Monday, April 17th. They issued a “buy” rating and a $32.00 price target for the company. Scotiabank set a $33.00 price target on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research note on Friday, July 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Friday, July 14th. Finally, BidaskClub upgraded Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. One research 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 company presently has a consensus rating of “Buy” and a consensus target price of $31.81.

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.

Institutional Ownership by Quarter for Enterprise Products Partners L.P. (NYSE:EPD)

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