Private Trust Co. NA boosted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 4.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 24,457 shares of the oil and gas producer’s stock after buying an additional 1,037 shares during the period. Private Trust Co. NA’s holdings in Enterprise Products Partners L.P. were worth $662,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of EPD. Dubuque Bank & Trust Co. raised 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 during the period. Baystate Wealth Management LLC raised its position 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 period. Crestwood Advisors Group LLC bought a new position in Enterprise Products Partners L.P. during the first quarter worth about $140,000. Intellectus Partners LLC raised its position 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 period. Finally, Archford Capital Strategies LLC raised its position 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 period. 38.69% of the stock is owned by institutional investors and hedge funds.

Shares of Enterprise Products Partners L.P. (EPD) traded up 0.209% during mid-day trading on Thursday, reaching $26.315. The company’s stock had a trading volume of 957,680 shares. The firm has a 50-day moving average of $27.03 and a 200-day moving average of $27.46. The firm has a market capitalization of $56.53 billion, a PE ratio of 20.704 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.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.03. The business had revenue of $6.61 billion for the quarter, compared to analyst estimates 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 firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 business also recently declared a quarterly dividend, which was paid on Monday, August 7th. Stockholders 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 annualized dividend and a dividend yield of 6.40%. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 132.28%.

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A number of research analysts recently issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of Enterprise Products Partners L.P. in a report on Thursday. BidaskClub lowered Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday. Barclays PLC reiterated an “overweight” rating and issued a $31.00 target price (down from $33.00) on shares of Enterprise Products Partners L.P. in a report on Friday, August 4th. Scotiabank set a $33.00 target price on Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 target price on shares of Enterprise Products Partners L.P. in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target 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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