B. Riley Wealth Advisors Inc. Sells 339,976 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

B. Riley Wealth Advisors Inc. decreased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 53.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,501 shares of the oil and gas producer's stock after selling 339,976 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Enterprise Products Partners were worth $8,687,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Brookstone Capital Management increased its stake in shares of Enterprise Products Partners by 3.8% in the 2nd quarter. Brookstone Capital Management now owns 27,149 shares of the oil and gas producer's stock valued at $807,000 after acquiring an additional 992 shares in the last quarter. MONECO Advisors LLC increased its stake in Enterprise Products Partners by 5.1% in the second quarter. MONECO Advisors LLC now owns 120,327 shares of the oil and gas producer's stock valued at $3,487,000 after purchasing an additional 5,814 shares in the last quarter. Central Bank & Trust Co. acquired a new position in shares of Enterprise Products Partners during the second quarter valued at about $116,000. Milestone Asset Management LLC boosted its position in shares of Enterprise Products Partners by 6.9% during the 2nd quarter. Milestone Asset Management LLC now owns 19,394 shares of the oil and gas producer's stock worth $562,000 after purchasing an additional 1,259 shares in the last quarter. Finally, Apollon Financial LLC grew its stake in shares of Enterprise Products Partners by 73.9% in the 2nd quarter. Apollon Financial LLC now owns 20,000 shares of the oil and gas producer's stock valued at $580,000 after buying an additional 8,500 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Stock Down 0.6 %

EPD traded down $0.20 during mid-day trading on Friday, reaching $32.19. 2,550,713 shares of the stock were exchanged, compared to its average volume of 4,305,525. Enterprise Products Partners L.P. has a 1 year low of $26.02 and a 1 year high of $34.63. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The stock has a market capitalization of $69.77 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. The company has a 50 day moving average price of $30.79 and a two-hundred day moving average price of $29.66.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $13.78 billion for the quarter, compared to analysts' expectations of $13.87 billion. Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. As a group, research analysts anticipate that Enterprise Products Partners L.P. will post 2.69 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date of this dividend was Thursday, October 31st. Enterprise Products Partners's payout ratio is 78.65%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Bank of America assumed coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They set a "buy" rating and a $35.00 price target on the stock. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Finally, US Capital Advisors upgraded Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $34.00.

About Enterprise Products Partners

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.