Cambridge Investment Research Advisors Inc. Cuts Position in Enterprise Products Partners L.P. (EPD)

Cambridge Investment Research Advisors Inc. decreased its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 3.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 225,101 shares of the oil and gas producer’s stock after selling 9,023 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Enterprise Products Partners L.P. were worth $5,868,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EPD. Ameritas Investment Partners Inc. raised its holdings in Enterprise Products Partners L.P. by 14.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock valued at $107,000 after buying an additional 500 shares during the period. First Financial Corp IN raised its holdings in Enterprise Products Partners L.P. by 11.1% in the second quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock valued at $108,000 after buying an additional 400 shares during the period. First Eagle Investment Management LLC purchased a new position in Enterprise Products Partners L.P. in the second quarter valued at approximately $130,000. Camarda Financial Advisors LLC raised its holdings in Enterprise Products Partners L.P. by 0.6% in the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock valued at $131,000 after buying an additional 27 shares during the period. Finally, Jacobi Capital Management LLC raised its holdings in Enterprise Products Partners L.P. by 690.9% in the second quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock valued at $148,000 after buying an additional 4,760 shares during the period. Hedge funds and other institutional investors own 37.56% of the company’s stock.

In related news, Director Carin Marcy Barth purchased 12,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $300,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 37.50% of the stock is currently owned by insiders.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up $0.21 during trading hours on Thursday, hitting $24.23. 1,701,562 shares of the company were exchanged, compared to its average volume of 4,655,237. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $51,794.03, a price-to-earnings ratio of 18.94, a PEG ratio of 3.61 and a beta of 0.89. Enterprise Products Partners L.P. has a fifty-two week low of $23.59 and a fifty-two week high of $30.25.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 31st were paid a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date of this dividend was Monday, October 30th. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s payout ratio is 135.20%.

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Several research analysts recently commented on EPD shares. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Friday, July 21st. Jefferies Group LLC cut their price target on shares of Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, September 1st. Stifel Nicolaus restated a “buy” rating and issued a $30.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, August 11th. BMO Capital Markets set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, Seaport Global Securities started coverage on shares of Enterprise Products Partners L.P. in a report on Tuesday, October 10th. They issued a “neutral” rating and a $29.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Enterprise Products Partners L.P. currently has a consensus rating of “Buy” and a consensus target price of $30.86.

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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