Seaward Management Limited Partnership decreased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 7.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,200 shares of the oil and gas producer’s stock after selling 2,000 shares during the period. Seaward Management Limited Partnership’s holdings in Enterprise Products Partners L.P. were worth $723,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Chickasaw Capital Management LLC boosted its position in shares of Enterprise Products Partners L.P. by 40.5% in the first quarter. Chickasaw Capital Management LLC now owns 14,566,207 shares of the oil and gas producer’s stock worth $402,173,000 after buying an additional 4,202,364 shares during the period. BlackRock Inc. boosted its position in shares of Enterprise Products Partners L.P. by 5,083.2% in the first quarter. BlackRock Inc. now owns 3,225,992 shares of the oil and gas producer’s stock worth $89,069,000 after buying an additional 3,163,753 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Enterprise Products Partners L.P. by 38.0% in the first quarter. Ameriprise Financial Inc. now owns 7,334,276 shares of the oil and gas producer’s stock worth $202,351,000 after buying an additional 2,018,930 shares during the period. Epoch Investment Partners Inc. boosted its position in shares of Enterprise Products Partners L.P. by 24.2% in the first quarter. Epoch Investment Partners Inc. now owns 7,138,017 shares of the oil and gas producer’s stock worth $197,080,000 after buying an additional 1,389,424 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Enterprise Products Partners L.P. by 18.2% in the first quarter. American Century Companies Inc. now owns 6,964,325 shares of the oil and gas producer’s stock worth $192,285,000 after buying an additional 1,072,931 shares during the period. 38.59% of the stock is owned by institutional investors.

Shares of Enterprise Products Partners L.P. (NYSE EPD) traded down 0.97% on Friday, reaching $26.58. 2,940,238 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $27.02 and a 200-day moving average price of $27.50. The company has a market cap of $56.78 billion, a PE ratio of 21.52 and a beta of 0.89. Enterprise Products Partners L.P. has a 12-month low of $24.01 and a 12-month high of $30.25.

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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The company had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.44 billion. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.11%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. Equities research analysts anticipate that Enterprise Products Partners L.P. will post $1.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 7th. Investors of record on Monday, July 31st will be given a $0.42 dividend. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a dividend yield of 6.32%. The ex-dividend date of this dividend is Thursday, July 27th. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 132.28%.

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EPD has been the subject of a number of recent research reports. Morgan Stanley raised shares of Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $26.37 to $26.50 in a research report on Thursday, June 15th. Sanford C. Bernstein initiated coverage on shares of Enterprise Products Partners L.P. in a research report on Tuesday, May 16th. They set an “outperform” rating for the company. Guggenheim initiated coverage on shares of Enterprise Products Partners L.P. in a research report on Monday, April 17th. They set a “buy” rating and a $32.00 price target for the company. BMO Capital Markets set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a research report on Monday, June 5th. Finally, Macquarie reissued an “outperform” rating and set a $32.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, April 21st. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.81.

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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