Enterprise Products Partners L.P. (EPD) Holdings Boosted by Verity & Verity LLC

Verity & Verity LLC boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,807 shares of the oil and gas producer’s stock after buying an additional 4,539 shares during the quarter. Verity & Verity LLC’s holdings in Enterprise Products Partners L.P. were worth $3,671,000 at the end of the most recent quarter.

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

A number of equities analysts have commented on EPD shares. Scotiabank set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Friday, July 21st. Jefferies Group LLC cut their price objective on shares of Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price objective on shares of Enterprise Products Partners L.P. in a report on Friday, August 11th. BMO Capital Markets set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Thursday, October 12th. Finally, Seaport Global Securities started coverage on shares of Enterprise Products Partners L.P. in a report on Tuesday, October 10th. They issued a “neutral” rating and a $29.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Enterprise Products Partners L.P. presently has an average rating of “Buy” and a consensus target price of $30.86.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up $0.45 during trading hours on Friday, hitting $25.00. 6,368,088 shares of the company were exchanged, compared to its average volume of 6,194,719. The company has a current ratio of 0.61, a quick ratio of 0.41 and a debt-to-equity ratio of 0.88. Enterprise Products Partners L.P. has a twelve month low of $23.84 and a twelve month high of $30.25. The company has a market cap of $53,724.65, a P/E ratio of 19.69, a PEG ratio of 3.76 and a beta of 0.89.

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 analysts’ consensus estimates of $0.33 by ($0.03). Enterprise Products Partners L.P. had a net margin of 9.83% and a return on equity of 12.01%. The business had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the prior year, the company earned $0.27 EPS. Enterprise Products Partners L.P.’s quarterly revenue was up 17.6% on a year-over-year basis. analysts expect that Enterprise Products Partners L.P. will post 1.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Tuesday, October 31st will be given a dividend of $0.4225 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date of this dividend is Monday, October 30th. 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 is currently 135.20%.

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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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