Loudon Investment Management LLC trimmed its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 175,567 shares of the oil and gas producer’s stock after selling 3,005 shares during the quarter. Enterprise Products Partners accounts for approximately 3.6% of Loudon Investment Management LLC’s investment portfolio, making the stock its 4th biggest holding. Loudon Investment Management LLC’s holdings in Enterprise Products Partners were worth $4,577,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EPD. BlackRock Inc. raised its position in shares of Enterprise Products Partners by 5,083.2% in the first quarter. BlackRock Inc. now owns 3,225,992 shares of the oil and gas producer’s stock worth $89,069,000 after acquiring an additional 3,163,753 shares during the period. IHT Wealth Management LLC acquired a new position in shares of Enterprise Products Partners in the first quarter worth about $344,000. Cypress Wealth Advisors LLC raised its position in shares of Enterprise Products Partners by 43.0% in the first quarter. Cypress Wealth Advisors LLC now owns 71,860 shares of the oil and gas producer’s stock worth $1,984,000 after acquiring an additional 21,625 shares during the period. Archford Capital Strategies LLC raised its position in shares of Enterprise Products Partners 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 acquiring an additional 2,071 shares during the period. Finally, First Financial Equity Corporation acquired a new position in shares of Enterprise Products Partners in the first quarter worth about $5,855,000. 37.77% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Enterprise Products Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Royal Bank Of Canada decreased their price objective on shares of Enterprise Products Partners from $34.00 to $31.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Enterprise Products Partners in a research report on Thursday, August 10th. BidaskClub upgraded shares of Enterprise Products Partners from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Barclays reiterated an “overweight” rating and issued a $31.00 price objective (down previously from $33.00) on shares of Enterprise Products Partners in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $30.86.

Enterprise Products Partners L.P. (EPD) opened at $24.26 on Wednesday. Enterprise Products Partners L.P. has a 1 year low of $23.59 and a 1 year high of $30.25. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.48 and a current ratio of 0.71. The firm has a market cap of $52,130.00, a PE ratio of 18.87, a P/E/G ratio of 3.60 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 dividend yield of 6.97%. The ex-dividend date was Monday, October 30th. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.42. Enterprise Products Partners’s dividend payout ratio is 152.25%.

In related news, CEO Aj Teague purchased 8,250 shares of Enterprise Products Partners stock in a transaction that occurred on Tuesday, November 28th. The stock was purchased at an average price of $24.26 per share, for a total transaction of $200,145.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Carin Marcy Barth purchased 12,000 shares of Enterprise Products Partners stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $25.00 per share, with a total value of $300,000.00. The disclosure for this purchase can be found here. 37.50% of the stock is owned by corporate insiders.

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Enterprise Products Partners 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.

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

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