Private Capital Advisors Inc. increased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 282,682 shares of the oil and gas producer’s stock after buying an additional 2,184 shares during the period. Enterprise Products Partners L.P. accounts for approximately 2.5% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 6th largest position. Private Capital Advisors Inc.’s holdings in Enterprise Products Partners L.P. were worth $7,655,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Dubuque Bank & Trust Co. raised its position 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 position 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 bought a new position in shares of Enterprise Products Partners L.P. during the first quarter worth $140,000. Intellectus Partners LLC raised its position 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 position 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. 38.69% of the stock is owned by hedge funds and other institutional investors.

Shares of Enterprise Products Partners L.P. (EPD) traded down 0.69% during midday trading on Friday, reaching $25.90. 4,101,658 shares of the company’s stock traded hands. The stock has a 50 day moving average of $27.03 and a 200-day moving average of $27.43. The stock has a market cap of $55.63 billion, a P/E ratio of 20.38 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.

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 (EPS) for the quarter, missing analysts’ consensus estimates 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 quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post $1.39 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Monday, July 31st were issued a dividend of $0.42 per share. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date of this dividend was Thursday, July 27th. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is currently 132.28%.

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

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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