FineMark National Bank & Trust Has $453,000 Stake in Enterprise Products Partners L.P. (EPD)

FineMark National Bank & Trust reduced its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 25.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,366 shares of the oil and gas producer’s stock after selling 5,800 shares during the period. FineMark National Bank & Trust’s holdings in Enterprise Products Partners L.P. were worth $453,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its stake in Enterprise Products Partners L.P. by 14.3% during the second quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock valued at $107,000 after buying an additional 500 shares during the period. First Financial Corp IN boosted its stake in Enterprise Products Partners L.P. by 11.1% during 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 period. First Eagle Investment Management LLC bought a new stake in Enterprise Products Partners L.P. during the second quarter valued at $130,000. Camarda Financial Advisors LLC boosted its stake in Enterprise Products Partners L.P. by 0.6% during 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 during the period. Finally, Jacobi Capital Management LLC boosted its stake in Enterprise Products Partners L.P. by 690.9% during the second quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock valued at $148,000 after buying an additional 4,760 shares during the period. 37.48% of the stock is owned by hedge funds and other institutional investors.

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Several equities research analysts recently issued reports on the company. Royal Bank Of Canada dropped their price objective on Enterprise Products Partners L.P. from $34.00 to $31.00 and set an “outperform” rating for the company in a research note on Tuesday. Stifel Nicolaus reissued a “buy” rating and set a $30.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Friday, August 11th. Sanford C. Bernstein reissued an “outperform” rating on shares of Enterprise Products Partners L.P. in a research note on Thursday, August 10th. BidaskClub lowered Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, BMO Capital Markets reissued a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Enterprise Products Partners L.P. currently has a consensus rating of “Buy” and a consensus target price of $30.99.

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 (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 31st will be paid a $0.4225 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.69 annualized dividend and a yield of 6.88%. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 133.07%.

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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