Clearbridge Investments LLC decreased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,994,758 shares of the oil and gas producer’s stock after selling 63,630 shares during the period. Clearbridge Investments LLC owned 0.80% of Enterprise Products Partners L.P. worth $469,225,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dubuque Bank & Trust Co. increased its position in Enterprise Products Partners L.P. by 222.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,790 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 2,615 shares in the last quarter. Baystate Wealth Management LLC boosted its stake in Enterprise Products Partners L.P. by 1,050.7% in the first quarter. Baystate Wealth Management LLC now owns 4,361 shares of the oil and gas producer’s stock worth $122,000 after buying an additional 3,982 shares during the last quarter. Crestwood Advisors Group LLC purchased a new stake in Enterprise Products Partners L.P. during the first quarter worth approximately $140,000. Intellectus Partners LLC boosted its stake in Enterprise Products Partners L.P. by 8.0% in the first quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock worth $149,000 after buying an additional 399 shares during the last quarter. Finally, Archford Capital Strategies LLC boosted its stake in Enterprise Products Partners L.P. by 42.4% in the first quarter. Archford Capital Strategies LLC now owns 6,959 shares of the oil and gas producer’s stock worth $192,000 after buying an additional 2,071 shares during the last quarter. Hedge funds and other institutional investors own 38.59% of the company’s stock.

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

Enterprise Products Partners L.P. (NYSE:EPD) last issued its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.03. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.11%. The company had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the previous year, the company posted $0.27 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Analysts forecast that Enterprise Products Partners L.P. will post $1.41 earnings per share for the current year.

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

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A number of equities research analysts recently commented on EPD shares. BidaskClub raised shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Sanford C. Bernstein started 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 started 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 target price for the company. Barclays PLC decreased their target price on shares of Enterprise Products Partners L.P. from $33.00 to $31.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Vetr raised shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 target price for the company in a research report on Monday, April 24th. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently 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.

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

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