Garrison Bradford & Associates Inc. lowered its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 139,301 shares of the oil and gas producer’s stock after selling 2,144 shares during the quarter. Enterprise Products Partners comprises approximately 3.0% of Garrison Bradford & Associates Inc.’s holdings, making the stock its 10th largest holding. Garrison Bradford & Associates Inc.’s holdings in Enterprise Products Partners were worth $3,632,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Ffcm LLC purchased a new stake in shares of Enterprise Products Partners during the 3rd quarter worth about $112,000. Harvest Fund Advisors LLC boosted its holdings in Enterprise Products Partners by 5.1% in the 3rd quarter. Harvest Fund Advisors LLC now owns 42,612,584 shares of the oil and gas producer’s stock worth $1,110,910,000 after acquiring an additional 2,076,377 shares during the period. Haverford Trust Co. boosted its holdings in Enterprise Products Partners by 55.4% in the 3rd quarter. Haverford Trust Co. now owns 76,227 shares of the oil and gas producer’s stock worth $1,987,000 after acquiring an additional 27,167 shares during the period. Guyasuta Investment Advisors Inc. purchased a new position in Enterprise Products Partners in the 3rd quarter worth approximately $242,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in Enterprise Products Partners by 1.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,056,251 shares of the oil and gas producer’s stock worth $27,536,000 after acquiring an additional 15,575 shares during the period. Institutional investors and hedge funds own 35.43% of the company’s stock.
In other Enterprise Products Partners news, Director Carin Marcy Barth bought 12,000 shares of the business’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 filing with the SEC, which can be accessed through this link. Corporate insiders own 37.50% of the company’s stock.
EPD has been the subject of a number of analyst reports. Zacks Investment Research cut Enterprise Products Partners from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Scotiabank set a $33.00 price target on Enterprise Products Partners and gave the stock a “buy” rating in a report on Sunday, October 15th. Stifel Nicolaus restated a “buy” rating and issued a $30.00 price target on shares of Enterprise Products Partners in a report on Friday, September 15th. Jefferies Group LLC decreased their price target on Enterprise Products Partners from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, September 1st. Finally, Barclays PLC restated an “overweight” rating and issued a $31.00 price target (down previously from $33.00) on shares of Enterprise Products Partners in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $30.86.
Enterprise Products Partners L.P. (NYSE EPD) opened at $24.05 on Monday. Enterprise Products Partners L.P. has a 52-week low of $23.59 and a 52-week high of $30.25. The stock has a market capitalization of $51,578.76, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 3.60 and a beta of 0.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.71 and a quick ratio of 0.48.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 31st were given a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.03%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, October 30th. Enterprise Products Partners’s dividend payout ratio is presently 135.20%.
Enterprise Products Partners 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.
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