Enterprise Products Partners L.P. (EPD) Stake Lessened by BBR Partners LLC

BBR Partners LLC lessened its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 66.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,800 shares of the oil and gas producer’s stock after selling 25,000 shares during the quarter. BBR Partners LLC’s holdings in Enterprise Products Partners were worth $334,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC acquired a new position in Enterprise Products Partners in the 2nd quarter valued at approximately $259,960,000. Principal Financial Group Inc. acquired a new position in shares of Enterprise Products Partners in the 2nd quarter worth approximately $143,325,000. Commonwealth Bank of Australia raised its holdings in shares of Enterprise Products Partners by 182.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 6,136,898 shares of the oil and gas producer’s stock worth $166,186,000 after buying an additional 3,967,879 shares in the last quarter. ING Groep NV grew its position in Enterprise Products Partners by 72.1% during the 3rd quarter. ING Groep NV now owns 7,269,400 shares of the oil and gas producer’s stock worth $189,513,000 after acquiring an additional 3,044,560 shares during the last quarter. Finally, Harvest Fund Advisors LLC grew its position in Enterprise Products Partners by 5.1% during the 3rd quarter. Harvest Fund Advisors LLC now owns 42,612,584 shares of the oil and gas producer’s stock worth $1,110,910,000 after acquiring an additional 2,076,377 shares during the last quarter. Institutional investors own 37.79% of the company’s stock.

In other news, CEO Aj Teague purchased 8,250 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were purchased at an average price of $24.26 per share, with a total value of $200,145.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carin Marcy Barth purchased 12,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $300,000.00. The disclosure for this purchase can be found here. Company insiders own 37.50% of the company’s stock.

A number of research analysts have commented on the company. Scotiabank set a $33.00 price objective on Enterprise Products Partners and gave the company a “buy” rating in a research report on Sunday, October 15th. Mizuho set a $31.00 price target on Enterprise Products Partners and gave the stock a “buy” rating in a research report on Sunday, October 15th. BMO Capital Markets set a $33.00 price target on Enterprise Products Partners and gave the stock a “buy” rating in a research report on Thursday, October 12th. Stifel Nicolaus restated a “buy” rating and issued a $30.00 price target on shares of Enterprise Products Partners in a research report on Friday, August 11th. Finally, Jefferies Group dropped their price objective on Enterprise Products Partners from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, September 1st. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $30.92.

Enterprise Products Partners L.P. (NYSE EPD) traded down $0.47 on Thursday, hitting $24.33. The company’s stock had a trading volume of 4,737,400 shares, compared to its average volume of 4,721,876. Enterprise Products Partners L.P. has a 1 year low of $23.59 and a 1 year high of $30.25. The firm has a market cap of $53,594.93, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 3.72 and a beta of 0.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.71 and a quick ratio of 0.48.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 31st were paid a $0.4225 dividend. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.69 annualized dividend and a dividend yield of 6.95%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 135.20%.

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Enterprise Products Partners 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 (NYSE:EPD)

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