Harvest Capital Management Inc held its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, Holdings Channel reports. The firm owned 8,850 shares of the oil and gas producer’s stock at the end of the second quarter. Harvest Capital Management Inc’s holdings in Enterprise Products Partners L.P. were worth $240,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Dubuque Bank & Trust Co. raised its stake in shares of 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 last quarter. Baystate Wealth Management LLC raised its stake in shares of 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 last quarter. Crestwood Advisors Group LLC acquired a new stake in shares of Enterprise Products Partners L.P. during the first quarter worth $140,000. Intellectus Partners LLC raised its stake in shares of 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 last quarter. Finally, Archford Capital Strategies LLC raised its stake in shares of 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 last quarter. Institutional investors and hedge funds own 38.69% of the company’s stock.

Shares of Enterprise Products Partners L.P. (NYSE EPD) traded down 0.69% during midday trading on Friday, reaching $25.90. The company had a trading volume of 4,101,658 shares. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25. The company’s 50 day moving average price is $27.03 and its 200 day moving average price is $27.43. The stock has a market capitalization of $55.63 billion, a PE ratio of 20.38 and a beta of 0.89.

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 EPS for the quarter, missing the consensus estimate of $0.33 by $0.03. The firm had revenue of $6.61 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. Equities research analysts expect that Enterprise Products Partners L.P. will post $1.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Monday, July 31st were given a dividend of $0.42 per share. This is a positive change 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 yield of 6.49%. Enterprise Products Partners L.P.’s payout ratio is 132.28%.

COPYRIGHT VIOLATION WARNING: “Enterprise Products Partners L.P. (EPD) Position Maintained by Harvest Capital Management Inc” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://www.dailypolitical.com/2017/08/12/enterprise-products-partners-l-p-epd-position-maintained-by-harvest-capital-management-inc.html.

A number of brokerages have recently weighed in on EPD. BidaskClub lowered Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday. Stifel Nicolaus restated a “buy” rating and set a $30.00 price target on shares of Enterprise Products Partners L.P. in a research note on Friday. Barclays PLC restated an “overweight” rating and set a $31.00 price target (down previously from $33.00) on shares of Enterprise Products Partners L.P. in a research note on Friday, August 4th. Sanford C. Bernstein restated an “outperform” rating on shares of Enterprise Products Partners L.P. in a research note on Thursday. Finally, BMO Capital Markets restated a “buy” rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $31.62.

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.

Want to see what other hedge funds are holding EPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Products Partners L.P. (NYSE:EPD).

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

Receive News & Ratings for Enterprise Products Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.