Sei Investments Co. Acquires 88,310 Shares of Enterprise Products Partners L.P. (EPD)

Sei Investments Co. increased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 12.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 816,325 shares of the oil and gas producer’s stock after purchasing an additional 88,310 shares during the period. Sei Investments Co.’s holdings in Enterprise Products Partners L.P. were worth $21,282,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Day & Ennis LLC boosted its stake in Enterprise Products Partners L.P. by 0.3% during the 1st quarter. Day & Ennis LLC now owns 8,057 shares of the oil and gas producer’s stock worth $222,000 after purchasing an additional 26 shares during the period. Camarda Financial Advisors LLC lifted its stake 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 during the period. Patten & Patten Inc. TN lifted its stake in shares of Enterprise Products Partners L.P. by 0.5% in the 2nd quarter. Patten & Patten Inc. TN now owns 9,487 shares of the oil and gas producer’s stock worth $257,000 after acquiring an additional 44 shares during the period. CFO4Life Group LLC lifted its stake in shares of Enterprise Products Partners L.P. by 0.3% in the 2nd quarter. CFO4Life Group LLC now owns 13,894 shares of the oil and gas producer’s stock worth $376,000 after acquiring an additional 47 shares during the period. Finally, Klingenstein Fields & Co. LLC lifted its stake in shares of Enterprise Products Partners L.P. by 0.3% in the 2nd quarter. Klingenstein Fields & Co. LLC now owns 17,238 shares of the oil and gas producer’s stock worth $467,000 after acquiring an additional 52 shares during the period. Hedge funds and other institutional investors own 37.56% of the company’s stock.

Several analysts have recently commented on the stock. BidaskClub cut shares of Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Stifel Nicolaus restated a “buy” rating and issued a $30.00 target price on shares of Enterprise Products Partners L.P. in a research note on Friday, August 11th. SunTrust Banks, Inc. restated a “buy” rating and issued a $29.00 target price on shares of Enterprise Products Partners L.P. in a research note on Friday, November 3rd. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Enterprise Products Partners L.P. in a research note on Thursday, August 10th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $30.86.

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Enterprise Products Partners L.P. (EPD) opened at $24.36 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.96. Enterprise Products Partners L.P. has a twelve month low of $23.84 and a twelve month high of $30.25. The firm has a market cap of $52,350.00, a PE ratio of 19.68, a price-to-earnings-growth ratio of 3.74 and a beta of 0.92.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 31st were paid a dividend of $0.4225 per share. 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 6.94%. The ex-dividend date of this dividend was Monday, October 30th. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is currently 152.25%.

In other news, Director Carin Marcy Barth purchased 12,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $25.00 per share, with a total value of $300,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 37.50% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Enterprise Products Partners L.P. (NYSE:EPD)

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