Homrich & Berg raised its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,620 shares of the company’s stock after buying an additional 1,946 shares during the period. Enterprise Products Partners L.P. comprises approximately 0.3% of Homrich & Berg’s portfolio, making the stock its 24th largest position. Homrich & Berg’s holdings in Enterprise Products Partners L.P. were worth $3,664,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Regal Investment Advisors LLC increased its stake in Enterprise Products Partners L.P. by 0.5% in the third quarter. Regal Investment Advisors LLC now owns 7,362 shares of the company’s stock worth $203,000 after buying an additional 33 shares during the period. Wealthsource Partners LLC increased its stake in Enterprise Products Partners L.P. by 0.4% in the second quarter. Wealthsource Partners LLC now owns 10,956 shares of the company’s stock worth $321,000 after buying an additional 40 shares during the period. Keeley Asset Management Corp increased its stake in Enterprise Products Partners L.P. by 0.5% in the second quarter. Keeley Asset Management Corp now owns 10,423 shares of the company’s stock worth $305,000 after buying an additional 47 shares during the period. Deschutes Portfolio Strategy LLC increased its stake in Enterprise Products Partners L.P. by 0.4% in the third quarter. Deschutes Portfolio Strategy LLC now owns 11,507 shares of the company’s stock worth $318,000 after buying an additional 48 shares during the period. Finally, BKD Wealth Advisors LLC increased its stake in Enterprise Products Partners L.P. by 0.6% in the third quarter. BKD Wealth Advisors LLC now owns 8,132 shares of the company’s stock worth $225,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 36.05% of the company’s stock.

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

Enterprise Products Partners L.P. (NYSE:EPD) traded down 0.43% during midday trading on Tuesday, reaching $25.33. 6,501,110 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $25.91 and a 200 day moving average price of $27.25. The company has a market cap of $53.25 billion, a price-to-earnings ratio of 20.61 and a beta of 0.90. Enterprise Products Partners L.P. has a 52 week low of $19.00 and a 52 week high of $30.11.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. Enterprise Products Partners L.P. had a net margin of 11.19% and a return on equity of 11.95%. The firm had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.87 billion. During the same period in the previous year, the business earned $0.32 EPS. The company’s revenue was down 6.1% compared to the same quarter last year. Analysts anticipate that Enterprise Products Partners L.P. will post $1.25 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 31st were paid a $0.405 dividend. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. This represents a $1.62 annualized dividend and a yield of 6.40%. The ex-dividend date was Thursday, October 27th. Enterprise Products Partners L.P.’s payout ratio is presently 131.71%.

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A number of brokerages have recently commented on EPD. Morgan Stanley downgraded Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $33.00 to $30.00 in a research report on Thursday, August 18th. Vetr downgraded Enterprise Products Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $30.56 price objective for the company. in a research report on Wednesday, September 28th. Mizuho began coverage on Enterprise Products Partners L.P. in a research report on Thursday, September 29th. They set a “buy” rating and a $32.00 price objective for the company. Credit Suisse Group AG set a $34.00 price objective on Enterprise Products Partners L.P. and gave the company a “hold” rating in a research report on Thursday, August 18th. Finally, Jefferies Group reiterated a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Sunday, October 16th. Two equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $31.62.

In other Enterprise Products Partners L.P. news, Director Carin Marcy Barth purchased 4,000 shares of the stock in a transaction on Wednesday, November 16th. The shares were purchased at an average cost of $25.27 per share, for a total transaction of $101,080.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 37.50% of the stock is currently owned by company insiders.

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.

5 Day Chart for NYSE:EPD

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