Enterprise Products Partners L.P. (EPD) Shares Sold by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. cut its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,835 shares of the oil and gas producer’s stock after selling 185 shares during the period. Enterprise Products Partners L.P. comprises about 1.1% of Mitchell Mcleod Pugh & Williams Inc.’s investment portfolio, making the stock its 20th largest position. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Enterprise Products Partners L.P. were worth $1,431,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Dubuque Bank & Trust Co. raised its position in 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 in the last quarter. First Financial Corp IN increased 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 valued at $108,000 after buying an additional 400 shares during the last quarter. Baystate Wealth Management LLC raised its position 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 raised its position in 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 valued at $131,000 after buying an additional 27 shares in the last quarter. Finally, Crestwood Advisors Group LLC purchased a new position in Enterprise Products Partners L.P. during the first quarter valued at about $140,000. Institutional investors own 38.83% of the company’s stock.

Enterprise Products Partners L.P. (EPD) traded up 1.00% on Friday, reaching $25.23. 3,418,793 shares of the company were exchanged. Enterprise Products Partners L.P. has a 52 week low of $24.01 and a 52 week high of $30.25. The stock has a market capitalization of $54.19 billion, a price-to-earnings ratio of 19.85 and a beta of 0.89. The stock has a 50-day moving average price of $26.83 and a 200 day moving average price of $27.29.

Enterprise Products Partners L.P. (NYSE:EPD) last announced 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 consensus estimate of $0.33 by $0.03. The firm had revenue of $6.61 billion during 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 firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 EPS. Analysts forecast that Enterprise Products Partners L.P. will post $1.38 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were paid a dividend of $0.42 per share. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.68 annualized dividend and a yield of 6.66%. 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 research reports. Stifel Nicolaus reissued a “buy” rating and set a $30.00 target price on shares of Enterprise Products Partners L.P. in a research note on Friday, August 11th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Enterprise Products Partners L.P. in a report on Thursday, August 10th. BidaskClub downgraded Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Barclays PLC reiterated an “overweight” rating and set a $31.00 price target (down previously from $33.00) on shares of Enterprise Products Partners L.P. in a report on Friday, August 4th. Finally, Scotiabank set a $33.00 target price on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Friday, July 21st. 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 has an average 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.

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

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