Miller Howard Investments Inc. NY lowered its position in Enterprise Products Partners L.P. (NYSE:EPD) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,026,766 shares of the oil and gas producer’s stock after selling 696,009 shares during the period. Enterprise Products Partners L.P. accounts for about 5.4% of Miller Howard Investments Inc. NY’s investment portfolio, making the stock its largest position. Miller Howard Investments Inc. NY’s holdings in Enterprise Products Partners L.P. were worth $271,525,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of EPD. Chickasaw Capital Management LLC increased its stake in shares of Enterprise Products Partners L.P. by 40.5% in the first quarter. Chickasaw Capital Management LLC now owns 14,566,207 shares of the oil and gas producer’s stock worth $402,173,000 after buying an additional 4,202,364 shares during the last quarter. BlackRock Inc. increased its stake in shares of Enterprise Products Partners L.P. by 5,083.2% in the first quarter. BlackRock Inc. now owns 3,225,992 shares of the oil and gas producer’s stock worth $89,069,000 after buying an additional 3,163,753 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Enterprise Products Partners L.P. by 38.0% in the first quarter. Ameriprise Financial Inc. now owns 7,334,276 shares of the oil and gas producer’s stock worth $202,351,000 after buying an additional 2,018,930 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in shares of Enterprise Products Partners L.P. by 24.2% in the first quarter. Epoch Investment Partners Inc. now owns 7,138,017 shares of the oil and gas producer’s stock worth $197,080,000 after buying an additional 1,389,424 shares during the last quarter. Finally, Forsta AP Fonden increased its stake in shares of Enterprise Products Partners L.P. by 409.6% in the second quarter. Forsta AP Fonden now owns 1,522,100 shares of the oil and gas producer’s stock worth $41,218,000 after buying an additional 1,223,400 shares during the last quarter. Hedge funds and other institutional investors own 38.69% of the company’s stock.

Enterprise Products Partners L.P. (NYSE EPD) traded up 0.019% during midday trading on Friday, reaching $26.085. 1,528,608 shares of the company’s stock traded hands. The firm’s 50-day moving average is $27.03 and its 200 day moving average is $27.45. The firm has a market cap of $56.03 billion, a PE ratio of 20.523 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 issued its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. The company 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 net margin of 10.28% and a return on equity of 12.04%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. Equities research analysts expect that Enterprise Products Partners L.P. will post $1.39 earnings per share for the current fiscal year.

The business 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 an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.68 dividend on an annualized basis and a yield of 6.44%. Enterprise Products Partners L.P.’s dividend payout ratio is 132.28%.

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A number of research firms have recently issued reports on EPD. Morgan Stanley raised shares of Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $26.37 to $26.50 in a research report on Thursday, June 15th. Sanford C. Bernstein began coverage on shares of Enterprise Products Partners L.P. in a research report on Tuesday, May 16th. They set an “outperform” rating on the stock. Guggenheim began coverage on shares of Enterprise Products Partners L.P. in a research report on Monday, April 17th. They set a “buy” rating and a $32.00 price objective on the stock. 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 report on Monday, June 5th. Finally, Macquarie reissued an “outperform” rating and set a $32.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, April 21st. One research analyst has rated the stock with a sell rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Enterprise Products Partners L.P. has an average rating of “Buy” and an average price target 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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