Duncker Streett & Co. Inc. lowered its position in Enterprise Products Partners L.P. (NYSE:EPD) by 5.1% during the second quarter, Holdings Channel reports. The firm owned 36,889 shares of the oil and gas producer’s stock after selling 2,000 shares during the period. Duncker Streett & Co. Inc.’s holdings in Enterprise Products Partners L.P. were worth $999,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EPD. Day & Ennis LLC boosted its stake in shares of Enterprise Products Partners L.P. by 0.3% in the first quarter. Day & Ennis LLC now owns 8,057 shares of the oil and gas producer’s stock worth $222,000 after buying an additional 26 shares during the period. Camarda Financial Advisors LLC boosted its stake in shares of Enterprise Products Partners L.P. by 0.6% in the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after buying an additional 27 shares during the period. Focused Wealth Management Inc boosted its stake in Enterprise Products Partners L.P. by 0.3% in the first quarter. Focused Wealth Management Inc now owns 11,788 shares of the oil and gas producer’s stock worth $325,000 after buying an additional 33 shares during the period. Sunbelt Securities Inc. boosted its stake in Enterprise Products Partners L.P. by 0.5% in the first quarter. Sunbelt Securities Inc. now owns 8,124 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 40 shares during the period. Finally, Patten & Patten Inc. TN boosted its stake in Enterprise Products Partners L.P. by 0.5% in the second quarter. Patten & Patten Inc. TN now owns 9,487 shares of the oil and gas producer’s stock worth $257,000 after buying an additional 44 shares during the period. 38.69% of the stock is currently owned by institutional investors.

Enterprise Products Partners L.P. (EPD) traded down 0.357% during trading on Tuesday, hitting $26.515. 1,382,080 shares of the stock traded hands. The stock has a market cap of $56.65 billion, a P/E ratio of 21.470 and a beta of 0.89. Enterprise Products Partners L.P. has a 52 week low of $24.01 and a 52 week high of $30.25. The firm’s 50-day moving average is $27.02 and its 200 day moving average is $27.50.

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 the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The firm had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.11% and a net margin of 10.28%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 earnings per share. Equities research analysts forecast that Enterprise Products Partners L.P. will post $1.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Monday, July 31st were issued a dividend of $0.42 per share. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a yield of 6.31%. The ex-dividend date was Thursday, July 27th. Enterprise Products Partners L.P.’s payout ratio is currently 132.28%.

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A number of analysts recently weighed in on EPD shares. BidaskClub raised shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Sanford C. Bernstein started coverage on shares of Enterprise Products Partners L.P. in a report on Tuesday, May 16th. They issued an “outperform” rating on the stock. Barclays PLC dropped their price objective on shares of Enterprise Products Partners L.P. from $33.00 to $31.00 and set an “overweight” rating on the stock in a report on Friday. Guggenheim started coverage on shares of Enterprise Products Partners L.P. in a report on Monday, April 17th. They issued a “buy” rating and a $32.00 price objective on the stock. Finally, Vetr raised shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price objective on the stock in a report on Monday, April 24th. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Enterprise Products Partners L.P. currently has a consensus rating of “Buy” and an average target price of $31.81.

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.

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

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