W.G. Shaheen & Associates DBA Whitney & Co Has $2.59 Million Stake in Enterprise Products Partners L.P. (NYSE:EPD)

W.G. Shaheen & Associates DBA Whitney & Co raised its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 4.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 93,616 shares of the oil and gas producer’s stock after buying an additional 3,600 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Enterprise Products Partners L.P. were worth $2,585,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EPD. Chickasaw Capital Management LLC boosted its stake in shares of Enterprise Products Partners L.P. by 40.5% in the first quarter. Chickasaw Capital Management LLC now owns 14,566,207 shares of the oil and gas producer’s stock valued at $402,173,000 after buying an additional 4,202,364 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 38.0% in the first quarter. Ameriprise Financial Inc. now owns 7,334,276 shares of the oil and gas producer’s stock valued at $202,351,000 after buying an additional 2,018,930 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 18.2% in the first quarter. American Century Companies Inc. now owns 6,964,325 shares of the oil and gas producer’s stock valued at $192,285,000 after buying an additional 1,072,931 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in shares of Enterprise Products Partners L.P. by 3.3% in the first quarter. Kayne Anderson Capital Advisors LP now owns 32,686,057 shares of the oil and gas producer’s stock valued at $902,446,000 after buying an additional 1,044,310 shares during the last quarter. Finally, Infrastructure Capital Advisors LLC boosted its stake in shares of Enterprise Products Partners L.P. by 585.9% in the first quarter. Infrastructure Capital Advisors LLC now owns 715,983 shares of the oil and gas producer’s stock valued at $19,768,000 after buying an additional 611,603 shares during the last quarter. Institutional investors and hedge funds own 38.69% of the company’s stock.

Shares of Enterprise Products Partners L.P. (NYSE EPD) traded down 1.84% during trading on Tuesday, reaching $26.12. The company’s stock had a trading volume of 4,593,535 shares. The company has a market capitalization of $55.80 billion, a P/E ratio of 21.15 and a beta of 0.89. The company’s 50-day moving average is $27.04 and its 200-day moving average is $27.49. Enterprise Products Partners L.P. has a 12 month low of $24.01 and a 12 month high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.44 billion. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.11%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. On average, analysts forecast that Enterprise Products Partners L.P. will post $1.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were issued a $0.42 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.43%. 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 (DPR) is currently 132.28%.

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A number of analysts have recently weighed in on the company. Guggenheim assumed coverage on Enterprise Products Partners L.P. in a research report on Monday, April 17th. They set a “buy” rating and a $32.00 price target on the stock. Macquarie reiterated an “outperform” rating and set a $32.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, April 21st. Vetr upgraded Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price target on the stock in a research report on Monday, April 24th. Sanford C. Bernstein assumed coverage on Enterprise Products Partners L.P. in a research report on Tuesday, May 16th. They set an “outperform” rating on the stock. Finally, BMO Capital Markets set a $33.00 price target on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Monday, June 5th. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $31.81.

Enterprise Products Partners L.P. 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.

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

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