Lucas Capital Management reduced its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 61.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,303 shares of the oil and gas producer’s stock after selling 33,993 shares during the quarter. Lucas Capital Management’s holdings in Enterprise Products Partners L.P. were worth $555,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Boston Partners raised its holdings in Enterprise Products Partners L.P. by 82.6% in the 2nd quarter. Boston Partners now owns 1,206,722 shares of the oil and gas producer’s stock valued at $32,678,000 after acquiring an additional 545,856 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Enterprise Products Partners L.P. by 1.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 92,837 shares of the oil and gas producer’s stock valued at $2,514,000 after acquiring an additional 1,616 shares during the period. Pinnacle Financial Partners Inc. bought a new position in Enterprise Products Partners L.P. in the 2nd quarter valued at about $1,159,000. Marshall Wace North America L.P. bought a new position in Enterprise Products Partners L.P. in the 2nd quarter valued at about $12,501,000. Finally, Everett Harris & Co. CA raised its holdings in Enterprise Products Partners L.P. by 17.3% in the 2nd quarter. Everett Harris & Co. CA now owns 94,025 shares of the oil and gas producer’s stock valued at $2,546,000 after acquiring an additional 13,861 shares during the period. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on EPD shares. Scotiabank set a $33.00 target price on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Friday, July 21st. BMO Capital Markets set a $33.00 target price on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Thursday, October 12th. Barclays PLC reaffirmed an “overweight” rating and set a $31.00 target price (down from $33.00) on shares of Enterprise Products Partners L.P. in a report on Friday, August 4th. Seaport Global Securities started coverage on shares of Enterprise Products Partners L.P. in a report on Tuesday, October 10th. They set a “neutral” rating and a $29.00 target price on the stock. Finally, Mizuho set a $31.00 target price on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Sunday, October 15th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $30.86.

In other news, Director Carin Marcy Barth purchased 12,000 shares of Enterprise Products Partners L.P. stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $300,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 37.50% of the company’s stock.

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Enterprise Products Partners L.P. (NYSE:EPD) traded down $0.61 during midday trading on Monday, hitting $24.39. 3,587,717 shares of the company traded hands, compared to its average volume of 4,638,610. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.71 and a quick ratio of 0.48. The firm has a market cap of $52,870.00, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 3.74 and a beta of 0.92. Enterprise Products Partners L.P. has a twelve month low of $23.84 and a twelve month high of $30.25.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 31st were given a dividend of $0.4225 per share. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.69 annualized dividend and a dividend yield of 6.93%. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is currently 152.25%.

Enterprise Products Partners L.P. 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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