Narwhal Capital Management boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 24.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,625 shares of the oil and gas producer’s stock after buying an additional 20,125 shares during the period. Narwhal Capital Management’s holdings in Enterprise Products Partners L.P. were worth $2,752,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Covenant Asset Management LLC boosted its position in Enterprise Products Partners L.P. by 2.5% in the second quarter. Covenant Asset Management LLC now owns 67,480 shares of the oil and gas producer’s stock worth $1,827,000 after buying an additional 1,675 shares in the last quarter. Walnut Private Equity Partners LLC boosted its position in Enterprise Products Partners L.P. by 17.1% in the second quarter. Walnut Private Equity Partners LLC now owns 369,052 shares of the oil and gas producer’s stock worth $9,994,000 after buying an additional 53,900 shares in the last quarter. Capital Investment Advisors LLC boosted its position in Enterprise Products Partners L.P. by 11.8% in the second quarter. Capital Investment Advisors LLC now owns 146,971 shares of the oil and gas producer’s stock worth $3,980,000 after buying an additional 15,532 shares in the last quarter. Private Trust Co. NA boosted its position in Enterprise Products Partners L.P. by 4.4% in the second quarter. Private Trust Co. NA now owns 24,457 shares of the oil and gas producer’s stock worth $662,000 after buying an additional 1,037 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new position in Enterprise Products Partners L.P. during the second quarter worth approximately $203,000. 38.69% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners L.P. (EPD) traded up 0.12% during midday trading on Friday, hitting $26.11. 1,375,497 shares of the stock traded hands. The firm has a market cap of $56.08 billion, a P/E ratio of 20.54 and a beta of 0.89. The company’s 50-day moving average is $27.03 and its 200 day moving average is $27.44. Enterprise Products Partners L.P. has a 12-month low of $24.01 and a 12-month 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 Thomson Reuters’ consensus estimate of $0.33 by $0.03. The company had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. On average, analysts anticipate that Enterprise Products Partners L.P. will post $1.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Monday, July 31st were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 6.44%. The ex-dividend date of this dividend was Thursday, July 27th. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is 132.28%.

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

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

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