Dynasty Wealth Management LLC decreased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 8.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,916 shares of the oil and gas producer’s stock after selling 2,000 shares during the quarter. Enterprise Products Partners makes up 1.3% of Dynasty Wealth Management LLC’s portfolio, making the stock its 18th largest position. Dynasty Wealth Management LLC’s holdings in Enterprise Products Partners were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in EPD. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Enterprise Products Partners during the 2nd quarter valued at about $333,913,000. BlackRock Inc. increased its position in Enterprise Products Partners by 321.0% during the 2nd quarter. BlackRock Inc. now owns 13,588,906 shares of the oil and gas producer’s stock valued at $376,005,000 after purchasing an additional 10,360,904 shares during the period. Summit Trail Advisors LLC increased its position in Enterprise Products Partners by 2,317.4% during the 1st quarter. Summit Trail Advisors LLC now owns 10,241,168 shares of the oil and gas producer’s stock valued at $10,241,000 after purchasing an additional 9,817,521 shares during the period. Brookfield Asset Management Inc. increased its position in Enterprise Products Partners by 215.4% during the 1st quarter. Brookfield Asset Management Inc. now owns 12,347,075 shares of the oil and gas producer’s stock valued at $302,256,000 after purchasing an additional 8,432,139 shares during the period. Finally, Alps Advisors Inc. increased its position in Enterprise Products Partners by 13.2% during the 2nd quarter. Alps Advisors Inc. now owns 40,898,736 shares of the oil and gas producer’s stock valued at $1,084,226,000 after purchasing an additional 4,777,192 shares during the period. Institutional investors own 36.41% of the company’s stock.

Shares of Enterprise Products Partners stock opened at $29.25 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.56 and a debt-to-equity ratio of 1.00. Enterprise Products Partners L.P. has a 52-week low of $23.10 and a 52-week high of $30.05. The company has a market capitalization of $63.17 billion, a PE ratio of 19.23, a PEG ratio of 5.81 and a beta of 0.91.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. Enterprise Products Partners had a net margin of 8.95% and a return on equity of 14.42%. The firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter in the previous year, the firm earned $0.30 EPS. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. equities research analysts expect that Enterprise Products Partners L.P. will post 1.68 earnings per share for the current fiscal year.

In other news, CEO Aj Teague acquired 3,390 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were purchased at an average price of $29.48 per share, with a total value of $99,937.20. Following the transaction, the chief executive officer now directly owns 1,616,790 shares in the company, valued at $47,662,969.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 37.50% of the stock is owned by insiders.

A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of Enterprise Products Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Scotiabank set a $33.00 target price on shares of Enterprise Products Partners and gave the company a “buy” rating in a research report on Monday, August 20th. Morgan Stanley raised their target price on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, August 17th. Bank of America raised their target price on shares of Enterprise Products Partners from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Finally, Barclays raised their target price on shares of Enterprise Products Partners from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Enterprise Products Partners has a consensus rating of “Buy” and an average target price of $32.38.

Enterprise Products Partners Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: 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 (NYSE:EPD)

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