Center Coast Capital Advisors LP increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 2.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,509,357 shares of the oil and gas producer’s stock after purchasing an additional 299,067 shares during the period. Enterprise Products Partners L.P. accounts for 7.4% of Center Coast Capital Advisors LP’s investment portfolio, making the stock its 3rd largest position. Center Coast Capital Advisors LP owned about 0.54% of Enterprise Products Partners L.P. worth $300,049,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Day & Ennis LLC lifted its holdings in Enterprise Products Partners L.P. by 0.3% during the 1st quarter. Day & Ennis LLC now owns 8,057 shares of the oil and gas producer’s stock worth $222,000 after purchasing an additional 26 shares in the last quarter. Camarda Financial Advisors LLC raised its holdings in shares of Enterprise Products Partners L.P. by 0.6% in the 2nd quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock valued at $131,000 after acquiring an additional 27 shares in the last quarter. Patten & Patten Inc. TN raised its holdings in shares of Enterprise Products Partners L.P. by 0.5% in the 2nd quarter. Patten & Patten Inc. TN now owns 9,487 shares of the oil and gas producer’s stock valued at $257,000 after acquiring an additional 44 shares in the last quarter. CFO4Life Group LLC raised its holdings in shares of Enterprise Products Partners L.P. by 0.3% in the 2nd quarter. CFO4Life Group LLC now owns 13,894 shares of the oil and gas producer’s stock valued at $376,000 after acquiring an additional 47 shares in the last quarter. Finally, Klingenstein Fields & Co. LLC raised its holdings in shares of Enterprise Products Partners L.P. by 0.3% in the 2nd quarter. Klingenstein Fields & Co. LLC now owns 17,238 shares of the oil and gas producer’s stock valued at $467,000 after acquiring an additional 52 shares in the last quarter. 37.56% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners L.P. (NYSE:EPD) traded down $0.41 on Tuesday, reaching $23.95. The company had a trading volume of 2,336,096 shares, compared to its average volume of 4,638,795. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.96. Enterprise Products Partners L.P. has a fifty-two week low of $23.84 and a fifty-two week high of $30.25. The company has a market cap of $51,370.00, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 3.74 and a beta of 0.92.

The business 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 represents a $1.69 annualized dividend and a yield of 7.06%. 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. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 152.25%.

In related 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 cost 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 through this hyperlink. 37.50% of the stock is owned by company insiders.

EPD has been the topic of several recent analyst reports. Jefferies Group LLC lowered their price target on Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, September 1st. Zacks Investment Research cut Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $30.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, September 15th. Scotiabank set a $33.00 price target on Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Seaport Global Securities started coverage on Enterprise Products Partners L.P. in a report on Tuesday, October 10th. They set a “neutral” rating and a $29.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.86.

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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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