Greylin Investment Mangement Inc. maintained its position in Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, Holdings Channel reports. The institutional investor owned 9,240 shares of the oil and gas producer’s stock at the end of the second quarter. Greylin Investment Mangement Inc.’s holdings in Enterprise Products Partners L.P. were worth $250,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EPD. Evanson Asset Management LLC raised its position in Enterprise Products Partners L.P. by 1.0% in the first quarter. Evanson Asset Management LLC now owns 110,131 shares of the oil and gas producer’s stock valued at $3,041,000 after buying an additional 1,110 shares during the period. Capital Investment Advisors LLC raised its position in Enterprise Products Partners L.P. by 9.0% in the first quarter. Capital Investment Advisors LLC now owns 131,439 shares of the oil and gas producer’s stock valued at $3,629,000 after buying an additional 10,906 shares during the period. Telemus Capital LLC raised its position in Enterprise Products Partners L.P. by 0.9% in the first quarter. Telemus Capital LLC now owns 73,021 shares of the oil and gas producer’s stock valued at $2,016,000 after buying an additional 679 shares during the period. SeaBridge Investment Advisors LLC raised its position in Enterprise Products Partners L.P. by 8.8% in the first quarter. SeaBridge Investment Advisors LLC now owns 75,431 shares of the oil and gas producer’s stock valued at $2,083,000 after buying an additional 6,110 shares during the period. Finally, 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. 38.69% of the stock is owned by institutional investors.

Shares of Enterprise Products Partners L.P. (NYSE EPD) traded down 0.69% during trading on Friday, reaching $25.90. The company’s stock had a trading volume of 4,101,658 shares. The company’s 50-day moving average is $27.03 and its 200-day moving average is $27.43. The company has a market capitalization 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 results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $6.61 billion during 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 business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. On average, analysts forecast that Enterprise Products Partners L.P. will post $1.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were issued a $0.42 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.49%. 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 currently 132.28%.

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Several research firms have recently commented on EPD. Guggenheim began coverage on Enterprise Products Partners L.P. in a report on Monday, April 17th. They set a “buy” rating and a $32.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 target price on shares of Enterprise Products Partners L.P. in a report on Friday, July 14th. Vetr raised Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 target price for the company in a report on Monday, April 24th. Macquarie reissued an “outperform” rating and issued a $32.00 price objective on shares of Enterprise Products Partners L.P. in a report 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 report on Friday, July 21st. One research analyst has rated the stock with a sell rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently 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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