Enterprise Products Partners L.P. (EPD) Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 38.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,774 shares of the oil and gas producer’s stock after purchasing an additional 3,007 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Enterprise Products Partners L.P. were worth $284,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Tortoise Capital Advisors L.L.C. grew its stake in Enterprise Products Partners L.P. by 3.9% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 41,667,941 shares of the oil and gas producer’s stock valued at $1,128,368,000 after purchasing an additional 1,573,553 shares during the last quarter. Fayez Sarofim & Co. grew its stake in Enterprise Products Partners L.P. by 1.4% during the 2nd quarter. Fayez Sarofim & Co. now owns 19,351,983 shares of the oil and gas producer’s stock valued at $524,052,000 after purchasing an additional 268,191 shares during the last quarter. Neuberger Berman Group LLC grew its stake in Enterprise Products Partners L.P. by 7.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 19,163,137 shares of the oil and gas producer’s stock valued at $518,938,000 after purchasing an additional 1,357,877 shares during the last quarter. Fayez Sarofim & Co grew its stake in Enterprise Products Partners L.P. by 0.6% during the 1st quarter. Fayez Sarofim & Co now owns 19,083,792 shares of the oil and gas producer’s stock valued at $526,904,000 after purchasing an additional 109,422 shares during the last quarter. Finally, Atlantic Trust Group LLC grew its stake in Enterprise Products Partners L.P. by 3.7% during the 2nd quarter. Atlantic Trust Group LLC now owns 18,318,389 shares of the oil and gas producer’s stock valued at $496,062,000 after purchasing an additional 653,564 shares during the last quarter. Institutional investors and hedge funds own 37.48% of the company’s stock.

Several analysts have weighed in on EPD shares. BidaskClub upgraded Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Scotiabank set a $33.00 target price on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research note on Friday, July 21st. Jefferies Group LLC lowered their target price on Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, September 1st. Stifel Nicolaus restated a “buy” rating and issued a $30.00 target price on shares of Enterprise Products Partners L.P. in a research note on Friday, August 11th. Finally, 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 note on Thursday, October 12th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Enterprise Products Partners L.P. presently has a consensus rating of “Buy” and an average target price of $30.99.

Shares of Enterprise Products Partners L.P. (NYSE EPD) traded up 1.98% during trading on Monday, reaching $24.86. The company’s stock had a trading volume of 2,870,698 shares. The company has a 50 day moving average price of $25.95 and a 200 day moving average price of $26.58. Enterprise Products Partners L.P. has a 52 week low of $23.84 and a 52 week high of $30.25. The firm has a market capitalization of $53.40 billion, a P/E ratio of 19.56 and a beta of 0.91.

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 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). Enterprise Products Partners L.P. had a net margin of 10.08% and a return on equity of 11.52%. The business had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same period in the prior year, the firm posted $0.27 EPS. Enterprise Products Partners L.P.’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities research analysts expect that Enterprise Products Partners L.P. will post $1.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 31st will be issued a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date is Monday, October 30th. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s payout ratio is currently 132.28%.

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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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