NEXT Financial Group Inc boosted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 20,265 shares of the oil and gas producer’s stock after buying an additional 251 shares during the period. NEXT Financial Group Inc’s holdings in Enterprise Products Partners L.P. were worth $549,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Evanson Asset Management LLC raised its stake in shares of 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 in the last quarter. North American Management Corp raised its stake in shares of Enterprise Products Partners L.P. by 6.1% in the first quarter. North American Management Corp now owns 175,930 shares of the oil and gas producer’s stock valued at $4,857,000 after buying an additional 10,121 shares in the last quarter. Telemus Capital LLC raised its stake in shares of 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 in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Enterprise Products Partners L.P. during the first quarter valued at about $502,000. Finally, Warren Averett Asset Management LLC purchased a new stake in shares of Enterprise Products Partners L.P. during the first quarter valued at about $225,000. Institutional investors and hedge funds own 38.69% of the company’s stock.

Shares of Enterprise Products Partners L.P. (EPD) traded down 0.69% during midday trading on Friday, hitting $25.90. The stock had a trading volume of 4,101,658 shares. The company’s 50 day moving average price is $27.03 and its 200-day moving average price is $27.43. The firm 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. has a 1-year low of $24.01 and a 1-year high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The business had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the prior year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Equities analysts predict that Enterprise Products Partners L.P. will post $1.39 earnings per share for the current year.

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

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Several analysts recently issued reports on EPD shares. BidaskClub upgraded Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Sanford C. Bernstein started coverage on Enterprise Products Partners L.P. in a report on Tuesday, May 16th. They set an “outperform” rating for the company. Barclays PLC reiterated an “overweight” rating and set a $31.00 price objective (down from $33.00) on shares of Enterprise Products Partners L.P. in a report on Friday, August 4th. Guggenheim started coverage on Enterprise Products Partners L.P. in a report on Monday, April 17th. They set a “buy” rating and a $32.00 price objective for the company. Finally, Vetr upgraded Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price objective for the company in a report on Monday, April 24th. One investment 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 stock. Enterprise Products Partners L.P. has an average rating of “Buy” and a consensus 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.

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

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