Girard Partners LTD. decreased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 34.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,458 shares of the oil and gas producer’s stock after selling 15,289 shares during the period. Girard Partners LTD.’s holdings in Enterprise Products Partners were worth $754,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. ING Groep NV lifted its holdings in shares of Enterprise Products Partners by 72.1% in the 3rd quarter. ING Groep NV now owns 7,269,400 shares of the oil and gas producer’s stock worth $189,513,000 after acquiring an additional 3,044,560 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Enterprise Products Partners by 42.1% in the 3rd quarter. Commonwealth Bank of Australia now owns 8,721,237 shares of the oil and gas producer’s stock worth $226,465,000 after acquiring an additional 2,584,339 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Enterprise Products Partners by 5.0% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 43,760,469 shares of the oil and gas producer’s stock worth $1,140,835,000 after acquiring an additional 2,092,528 shares during the last quarter. Harvest Fund Advisors LLC lifted its holdings in shares of Enterprise Products Partners by 5.1% in the 3rd quarter. Harvest Fund Advisors LLC now owns 42,612,584 shares of the oil and gas producer’s stock worth $1,110,910,000 after acquiring an additional 2,076,377 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Enterprise Products Partners by 23.0% in the 3rd quarter. American Century Companies Inc. now owns 9,368,245 shares of the oil and gas producer’s stock worth $244,230,000 after acquiring an additional 1,752,890 shares during the last quarter. 36.93% of the stock is owned by institutional investors and hedge funds.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at $25.98 on Monday. Enterprise Products Partners L.P. has a fifty-two week low of $23.59 and a fifty-two week high of $29.51. The firm has a market cap of $56,145.01, a price-to-earnings ratio of 19.98, a PEG ratio of 4.21 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.71 and a quick ratio of 0.48.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Enterprise Products Partners had a net margin of 9.57% and a return on equity of 12.53%. The business had revenue of $8.43 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same period last year, the business earned $0.31 EPS. The company’s revenue was up 30.1% on a year-over-year basis. sell-side analysts anticipate that Enterprise Products Partners L.P. will post 1.52 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 31st were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 6.54%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, January 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 130.77%.

Several equities analysts have recently commented on EPD shares. Tudor Pickering upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a report on Wednesday, December 13th. Zacks Investment Research lowered shares of Enterprise Products Partners from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. BMO Capital Markets reiterated a “buy” rating and set a $33.00 target price on shares of Enterprise Products Partners in a report on Tuesday, November 14th. SunTrust Banks reiterated a “buy” rating and set a $29.00 target price on shares of Enterprise Products Partners in a report on Friday, November 3rd. Finally, Royal Bank of Canada reduced their target price on shares of Enterprise Products Partners from $34.00 to $31.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Enterprise Products Partners presently has an average rating of “Buy” and an average price target of $31.14.

In related news, CEO Aj Teague bought 11,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The shares were purchased at an average cost of $26.47 per share, with a total value of $299,111.00. Following the transaction, the chief executive officer now directly owns 1,474,183 shares of the company’s stock, valued at approximately $39,021,624.01. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 37.50% of the company’s stock.

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Enterprise Products Partners Company 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 (NYSE:EPD)

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