Country Club Trust Company n.a. cut its position in Enterprise Products Partners L.P. (NYSE:EPD) by 5.1% during the second quarter, Holdings Channel reports. The fund owned 45,558 shares of the oil and gas producer’s stock after selling 2,433 shares during the period. Country Club Trust Company n.a.’s holdings in Enterprise Products Partners L.P. were worth $1,234,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EPD. Conservest Capital Advisors Inc. raised its stake in Enterprise Products Partners L.P. by 0.5% in the second quarter. Conservest Capital Advisors Inc. now owns 16,122 shares of the oil and gas producer’s stock worth $437,000 after buying an additional 84 shares during the period. Beacon Financial Group raised its stake in Enterprise Products Partners L.P. by 7.6% in the second quarter. Beacon Financial Group now owns 56,579 shares of the oil and gas producer’s stock worth $1,519,000 after buying an additional 3,985 shares during the period. Catawba Capital Management VA raised its stake in Enterprise Products Partners L.P. by 0.6% in the second quarter. Catawba Capital Management VA now owns 187,540 shares of the oil and gas producer’s stock worth $5,079,000 after buying an additional 1,060 shares during the period. Independent Portfolio Consultants Inc. raised its stake in Enterprise Products Partners L.P. by 4.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 7,325 shares of the oil and gas producer’s stock worth $198,000 after buying an additional 325 shares during the period. Finally, Grassi Investment Management raised its stake in Enterprise Products Partners L.P. by 1.9% in the second quarter. Grassi Investment Management now owns 282,789 shares of the oil and gas producer’s stock worth $7,658,000 after buying an additional 5,300 shares during the period. Hedge funds and other institutional investors own 38.69% of the company’s stock.

Shares of Enterprise Products Partners L.P. (EPD) traded up 0.65% during trading on Wednesday, hitting $26.29. 1,689,071 shares of the company traded hands. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25. The company has a 50-day moving average of $27.04 and a 200-day moving average of $27.49. The stock has a market capitalization of $56.16 billion, a PE ratio of 21.29 and a beta of 0.89.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $6.61 billion for 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 12.04%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. Equities analysts expect that Enterprise Products Partners L.P. will post $1.39 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were given a dividend of $0.42 per share. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, July 27th. This represents a $1.68 dividend on an annualized basis and a yield of 6.43%. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 132.28%.

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A number of analysts recently weighed in on EPD shares. Guggenheim started coverage on shares of Enterprise Products Partners L.P. in a research note on Monday, April 17th. They issued a “buy” rating and a $32.00 price objective for the company. Macquarie reaffirmed an “outperform” rating and issued a $32.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Friday, April 21st. 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 for the company in a research note on Monday, April 24th. Sanford C. Bernstein started coverage on shares of Enterprise Products Partners L.P. in a research note on Tuesday, May 16th. They issued an “outperform” rating for the company. Finally, BMO Capital Markets set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research note on Monday, June 5th. One analyst has rated the stock with a sell rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average 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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