Gilman Hill Asset Management LLC boosted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 6.3% during the second quarter, Holdings Channel reports. The institutional investor owned 134,021 shares of the oil and gas producer’s stock after buying an additional 7,887 shares during the period. Enterprise Products Partners L.P. comprises about 1.6% of Gilman Hill Asset Management LLC’s portfolio, making the stock its 27th largest position. Gilman Hill Asset Management LLC’s holdings in Enterprise Products Partners L.P. were worth $3,629,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Evanson Asset Management LLC boosted its position 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 boosted its position 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 boosted its position 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 position 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 position in shares of Enterprise Products Partners L.P. during the first quarter valued at about $225,000. 38.69% of the stock is owned by hedge funds and other institutional investors.

Shares of Enterprise Products Partners L.P. (NYSE 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 firm has a market cap of $55.63 billion, a price-to-earnings ratio of 20.38 and a beta of 0.89. Enterprise Products Partners L.P. has a 12-month low of $24.01 and a 12-month high of $30.25. The company’s 50-day moving average price is $27.03 and its 200-day moving average price is $27.43.

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

The firm 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. The ex-dividend date was Thursday, July 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.49%. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s dividend payout ratio is presently 132.28%.

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Several equities analysts recently issued reports on EPD shares. BidaskClub raised 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 reaffirmed 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 raised 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 analyst has rated the stock with a sell rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus 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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