SeaBridge Investment Advisors LLC increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 75,836 shares of the oil and gas producer’s stock after buying an additional 405 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Enterprise Products Partners L.P. were worth $2,054,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Washington Trust Bank raised its position in Enterprise Products Partners L.P. by 292.7% in the first quarter. Washington Trust Bank now owns 8,640 shares of the oil and gas producer’s stock valued at $239,000 after buying an additional 6,440 shares during the period. Doyle Wealth Management acquired a new position in Enterprise Products Partners L.P. during the first quarter worth approximately $301,000. Integrated Wealth Management raised its position in Enterprise Products Partners L.P. by 0.8% in the first quarter. Integrated Wealth Management now owns 118,548 shares of the oil and gas producer’s stock worth $3,273,000 after buying an additional 900 shares during the last quarter. BKD Wealth Advisors LLC raised its position in Enterprise Products Partners L.P. by 0.6% in the first quarter. BKD Wealth Advisors LLC now owns 8,639 shares of the oil and gas producer’s stock worth $239,000 after buying an additional 51 shares during the last quarter. Finally, North American Management Corp raised its position in Enterprise Products Partners L.P. by 6.1% in the first quarter. North American Management Corp now owns 175,930 shares of the oil and gas producer’s stock worth $4,857,000 after buying an additional 10,121 shares during the last quarter. Institutional investors own 38.69% of the company’s stock.

Shares of Enterprise Products Partners L.P. (EPD) traded down 0.19% during trading on Thursday, reaching $26.21. The company had a trading volume of 1,264,531 shares. The company has a market cap of $56.30 billion, a price-to-earnings ratio of 20.62 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. The firm has a 50 day moving average price of $27.03 and a 200 day moving average price of $27.45.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings results 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 company had revenue of $6.61 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 earnings per share. Analysts predict that Enterprise Products Partners L.P. will post $1.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Monday, July 31st were issued a $0.42 dividend. 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 6.40%. The ex-dividend date was Thursday, July 27th. Enterprise Products Partners L.P.’s dividend payout ratio is currently 132.28%.

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A number of research firms have recently commented on EPD. Guggenheim began coverage on Enterprise Products Partners L.P. in a research note on Monday, April 17th. They issued a “buy” rating and a $32.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Friday, July 14th. Vetr upgraded 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 research note on Monday, April 24th. Macquarie reiterated 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. Finally, Scotiabank set a $33.00 price objective on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Enterprise Products Partners L.P. presently has an average rating of “Buy” and a consensus 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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