Duff & Phelps Investment Management Co. boosted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,010,800 shares of the company’s stock after buying an additional 10,000 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Enterprise Products Partners L.P. were worth $55,558,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Wealthsource Partners LLC boosted its stake in shares of Enterprise Products Partners L.P. by 0.4% in the second quarter. Wealthsource Partners LLC now owns 10,956 shares of the company’s stock worth $321,000 after buying an additional 40 shares in the last quarter. Keeley Asset Management Corp boosted its stake in shares of Enterprise Products Partners L.P. by 0.5% in the second quarter. Keeley Asset Management Corp now owns 10,423 shares of the company’s stock worth $305,000 after buying an additional 47 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Enterprise Products Partners L.P. by 0.7% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 9,093 shares of the company’s stock worth $265,000 after buying an additional 60 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 1.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,200 shares of the company’s stock worth $123,000 after buying an additional 75 shares in the last quarter. Finally, Financial Advisory Service Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 0.8% in the second quarter. Financial Advisory Service Inc. now owns 9,758 shares of the company’s stock worth $286,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 36.05% of the company’s stock.

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

Enterprise Products Partners L.P. (NYSE:EPD) traded up 2.902% during midday trading on Wednesday, reaching $26.065. 636,217 shares of the company’s stock were exchanged. The stock has a market cap of $54.79 billion, a PE ratio of 21.208 and a beta of 0.90. Enterprise Products Partners L.P. has a 12 month low of $19.00 and a 12 month high of $30.11. The firm has a 50 day moving average of $25.91 and a 200-day moving average of $27.25.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.30 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $5.92 billion for the quarter, compared to the consensus estimate of $5.87 billion. Enterprise Products Partners L.P. had a net margin of 11.19% and a return on equity of 11.95%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. On average, equities research analysts predict that Enterprise Products Partners L.P. will post $1.25 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 31st were issued a dividend of $0.405 per share. The ex-dividend date was Thursday, October 27th. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. This represents a $1.62 annualized dividend and a yield of 6.40%. Enterprise Products Partners L.P.’s dividend payout ratio is 131.71%.

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EPD has been the subject of a number of research reports. Morgan Stanley cut shares of Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $33.00 to $30.00 in a research note on Thursday, August 18th. Vetr upgraded shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $30.32 target price for the company in a research note on Wednesday, August 10th. Credit Suisse Group AG set a $34.00 target price on shares of Enterprise Products Partners L.P. and gave the stock a “hold” rating in a research note on Thursday, August 18th. Deutsche Bank AG cut their target price on shares of Enterprise Products Partners L.P. from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, October 10th. Finally, Wunderlich cut their target price on shares of Enterprise Products Partners L.P. from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, August 31st. Two equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $31.62.

In other Enterprise Products Partners L.P. news, Director Carin Marcy Barth acquired 4,000 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were acquired at an average cost of $25.27 per share, with a total value of $101,080.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 37.50% of the company’s stock.

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.

5 Day Chart for NYSE:EPD

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