Trust Co Has $298,000 Position in Enterprise Products Partners L.P. (NYSE:EPD)

Trust Co held its position in Enterprise Products Partners L.P. (NYSE:EPD) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,808 shares of the oil and gas producer’s stock at the end of the first quarter. Trust Co’s holdings in Enterprise Products Partners L.P. were worth $298,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Evanson Asset Management LLC increased its stake in 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 valued at $3,041,000 after buying an additional 1,110 shares in the last quarter. North American Management Corp increased 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 period. Telemus Capital LLC raised its position in 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 in the last quarter. Karp Capital Management Corp bought a new position in Enterprise Products Partners L.P. during the first quarter worth about $502,000. Finally, Warren Averett Asset Management LLC bought a new position in Enterprise Products Partners L.P. during the first quarter worth about $225,000. 38.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of Enterprise Products Partners L.P. (EPD) opened at 25.23 on Friday. The company has a market capitalization of $54.19 billion, a price-to-earnings ratio of 19.85 and a beta of 0.89. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25. The company’s 50-day moving average price is $26.83 and its 200-day moving average price is $27.29.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by $0.03. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The firm had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. Equities research analysts forecast that Enterprise Products Partners L.P. will post $1.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Monday, July 31st were given a dividend of $0.42 per share. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a yield of 6.66%. The ex-dividend date was Thursday, July 27th. Enterprise Products Partners L.P.’s payout ratio is currently 132.28%.

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A number of research analysts have issued reports on EPD shares. BidaskClub upgraded Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Scotiabank set a $33.00 price target on Enterprise Products Partners L.P. and gave the company a “buy” rating in a research report on Friday, July 21st. Macquarie restated an “outperform” rating and issued a $32.00 target price on shares of Enterprise Products Partners L.P. in a research note on Friday, April 21st. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 price target on shares of Enterprise Products Partners L.P. in a research note on Friday, August 11th. Finally, Vetr upgraded Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 target price for the company in a research note on Monday, April 24th. 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 stock. Enterprise Products Partners L.P. has an average rating of “Buy” and a consensus price target of $31.62.

About Enterprise Products Partners L.P.

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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