Orleans Capital Management Corp LA Continues to Hold Position in Enterprise Products Partners L.P. (EPD)

Orleans Capital Management Corp LA continued to hold its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,508 shares of the oil and gas producer’s stock at the close of the second quarter. Enterprise Products Partners L.P. comprises approximately 1.8% of Orleans Capital Management Corp LA’s portfolio, making the stock its 27th biggest holding. Orleans Capital Management Corp LA’s holdings in Enterprise Products Partners L.P. were worth $2,586,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. raised its position in shares of Enterprise Products Partners L.P. by 14.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock worth $107,000 after acquiring an additional 500 shares in the last quarter. First Financial Corp IN raised its position in shares of Enterprise Products Partners L.P. by 11.1% in the 2nd quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock worth $108,000 after acquiring an additional 400 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of Enterprise Products Partners L.P. in the 2nd quarter worth approximately $130,000. Camarda Financial Advisors LLC raised its position in shares of Enterprise Products Partners L.P. by 0.6% in the 2nd quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after acquiring an additional 27 shares in the last quarter. Finally, Jacobi Capital Management LLC raised its position in shares of Enterprise Products Partners L.P. by 690.9% in the 2nd quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock worth $148,000 after acquiring an additional 4,760 shares in the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

Shares of Enterprise Products Partners L.P. (NYSE EPD) traded down 0.86% during mid-day trading on Friday, reaching $26.43. The company’s stock had a trading volume of 4,360,060 shares. The firm’s 50 day moving average is $26.12 and its 200 day moving average is $26.75. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The firm has a market cap of $56.77 billion, a PE ratio of 20.79 and a beta of 0.90.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The business had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. On average, equities analysts anticipate that Enterprise Products Partners L.P. will post $1.34 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.4225 per share. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.34%. Enterprise Products Partners L.P.’s dividend payout ratio is presently 132.28%.

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Several research analysts have recently issued reports on the company. BMO Capital Markets set a $33.00 target price on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Thursday. Scotiabank set a $33.00 target price on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Friday, July 21st. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 target price on shares of Enterprise Products Partners L.P. in a research report on Friday, August 11th. Sanford C. Bernstein reissued an “outperform” rating on shares of Enterprise Products Partners L.P. in a research report on Thursday, August 10th. Finally, BidaskClub downgraded Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $30.99.

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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