Zevin Asset Management LLC Has $1.62 Million Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Zevin Asset Management LLC decreased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 15.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,773 shares of the oil and gas producer’s stock after selling 10,695 shares during the period. Zevin Asset Management LLC’s holdings in Enterprise Products Partners were worth $1,623,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Taylor Hoffman Wealth Management acquired a new position in Enterprise Products Partners during the 3rd quarter worth $53,000. Whitnell & Co. raised its position in shares of Enterprise Products Partners by 13.4% during the third quarter. Whitnell & Co. now owns 16,896 shares of the oil and gas producer’s stock valued at $483,000 after buying an additional 2,000 shares during the last quarter. Delta Investment Management LLC acquired a new position in shares of Enterprise Products Partners during the third quarter valued at about $4,372,000. Doliver Advisors LP raised its position in shares of Enterprise Products Partners by 1.2% during the third quarter. Doliver Advisors LP now owns 56,967 shares of the oil and gas producer’s stock valued at $1,577,000 after buying an additional 700 shares during the last quarter. Finally, Arthur M. Cohen & Associates LLC acquired a new position in shares of Enterprise Products Partners during the third quarter valued at about $229,000. 36.77% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners stock traded down $0.10 during trading hours on Friday, hitting $26.33. 4,099,607 shares of the stock were exchanged, compared to its average volume of 4,042,235. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.75 and a current ratio of 1.00. The stock has a market capitalization of $58.34 billion, a P/E ratio of 13.57, a P/E/G ratio of 3.05 and a beta of 0.87. Enterprise Products Partners L.P. has a 12 month low of $23.33 and a 12 month high of $30.86. The business’s 50-day moving average is $27.64 and its two-hundred day moving average is $28.61.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Monday, October 28th. The oil and gas producer reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.05). The firm had revenue of $7.96 billion for the quarter, compared to the consensus estimate of $8.97 billion. Enterprise Products Partners had a return on equity of 19.78% and a net margin of 14.07%. Enterprise Products Partners’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 earnings per share. On average, equities analysts predict that Enterprise Products Partners L.P. will post 2.19 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.4425 per share. This represents a $1.77 annualized dividend and a yield of 6.72%. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Wednesday, October 30th. Enterprise Products Partners’s dividend payout ratio is currently 91.24%.

A number of research analysts have recently commented on the stock. Stifel Nicolaus upped their price objective on shares of Enterprise Products Partners from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada assumed coverage on shares of Enterprise Products Partners in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 price objective for the company. Piper Jaffray Companies assumed coverage on shares of Enterprise Products Partners in a research report on Wednesday, July 17th. They set an “overweight” rating and a $37.00 price objective for the company. ValuEngine lowered shares of Enterprise Products Partners from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, Scotia Howard Weill assumed coverage on shares of Enterprise Products Partners in a research report on Wednesday, September 4th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $33.50.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: 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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