Enterprise Products Partners L.P. (EPD) Shares Bought by Beacon Financial Group

Beacon Financial Group increased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 11.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 62,942 shares of the oil and gas producer’s stock after acquiring an additional 6,363 shares during the period. Beacon Financial Group’s holdings in Enterprise Products Partners L.P. were worth $1,641,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EPD. Ameritas Investment Partners Inc. lifted its stake in shares of Enterprise Products Partners L.P. by 14.3% during 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 during the last quarter. First Financial Corp IN lifted its stake in shares of Enterprise Products Partners L.P. by 11.1% during 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 during the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Enterprise Products Partners L.P. during the 2nd quarter worth approximately $130,000. Camarda Financial Advisors LLC lifted its stake in shares of Enterprise Products Partners L.P. by 0.6% during 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 during the last quarter. Finally, Jacobi Capital Management LLC lifted its stake in shares of Enterprise Products Partners L.P. by 690.9% during 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 during the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

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A number of equities research analysts recently issued reports on EPD shares. Stifel Nicolaus reissued a “buy” rating and set a $30.00 price target on shares of Enterprise Products Partners L.P. in a research note on Friday, August 11th. Jefferies Group LLC decreased their price target on Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, September 1st. Scotiabank set a $33.00 price target on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research note on Friday, July 21st. BMO Capital Markets reissued a “buy” rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Wednesday, July 12th. Finally, Mizuho set a $31.00 price target on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research note on Sunday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Enterprise Products Partners L.P. has a consensus rating of “Buy” and a consensus target price of $30.99.

Shares of Enterprise Products Partners L.P. (EPD) traded down 2.87% during midday trading on Wednesday, reaching $25.38. The company’s stock had a trading volume of 2,026,995 shares. The company has a market capitalization of $54.52 billion, a P/E ratio of 19.97 and a beta of 0.90. The stock’s 50-day moving average is $26.14 and its 200-day moving average is $26.74. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 12.04%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 earnings per share. On average, equities analysts expect that Enterprise Products Partners L.P. will post $1.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 31st will be paid a $0.4225 dividend. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.69 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend is Monday, October 30th. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 132.28%.

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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