Enterprise Products Partners L.P. (NYSE:EPD) Stock Position Increased by Beck Mack & Oliver LLC

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Beck Mack & Oliver LLC lifted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 0.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,131,398 shares of the oil and gas producer’s stock after buying an additional 3,064 shares during the period. Enterprise Products Partners makes up 2.1% of Beck Mack & Oliver LLC’s holdings, making the stock its 17th largest position. Beck Mack & Oliver LLC owned about 0.10% of Enterprise Products Partners worth $60,915,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EPD. Invesco Ltd. raised its stake in shares of Enterprise Products Partners by 3,750.3% in the 2nd quarter. Invesco Ltd. now owns 16,978,814 shares of the oil and gas producer’s stock worth $490,179,000 after buying an additional 16,537,844 shares in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Enterprise Products Partners by 4,745.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,845,253 shares of the oil and gas producer’s stock worth $82,134,000 after buying an additional 2,786,536 shares in the last quarter. Chickasaw Capital Management LLC raised its stake in shares of Enterprise Products Partners by 16.4% in the 3rd quarter. Chickasaw Capital Management LLC now owns 13,375,378 shares of the oil and gas producer’s stock worth $382,268,000 after buying an additional 1,880,501 shares in the last quarter. Morgan Stanley raised its stake in shares of Enterprise Products Partners by 9.4% in the 2nd quarter. Morgan Stanley now owns 21,438,384 shares of the oil and gas producer’s stock worth $618,927,000 after buying an additional 1,835,431 shares in the last quarter. Finally, Energy Income Partners LLC raised its stake in shares of Enterprise Products Partners by 6.6% in the 2nd quarter. Energy Income Partners LLC now owns 22,050,598 shares of the oil and gas producer’s stock worth $636,601,000 after buying an additional 1,366,532 shares in the last quarter. 36.77% of the stock is currently owned by institutional investors.

Shares of Enterprise Products Partners stock opened at $26.05 on Tuesday. The stock’s fifty day moving average is $27.52 and its 200-day moving average is $28.59. The firm has a market capitalization of $58.34 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 3.05 and a beta of 0.87. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 1.06. Enterprise Products Partners L.P. has a 12-month low of $23.33 and a 12-month high of $30.86.

Enterprise Products Partners (NYSE:EPD) last announced its earnings results on Monday, October 28th. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.05). The company had revenue of $7.96 billion for the quarter, compared to analyst estimates of $8.97 billion. Enterprise Products Partners had a return on equity of 19.78% and a net margin of 14.07%. The firm’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. Analysts expect that Enterprise Products Partners L.P. will post 2.19 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.4425 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.44. This represents a $1.77 dividend on an annualized basis and a dividend yield of 6.79%. Enterprise Products Partners’s payout ratio is 91.24%.

EPD has been the topic of a number of research reports. Stifel Nicolaus boosted their price objective on Enterprise Products Partners from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. ValuEngine downgraded Enterprise Products Partners from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Scotia Howard Weill initiated coverage on Enterprise Products Partners in a research note on Wednesday, September 4th. They issued an “outperform” rating on the stock. Scotiabank assumed coverage on Enterprise Products Partners in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $35.00 price objective on the stock. Finally, Piper Jaffray Companies assumed coverage on Enterprise Products Partners in a research report on Wednesday, July 17th. They set an “overweight” rating and a $37.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $33.50.

Enterprise Products Partners 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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