Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by LRI Investments LLC

LRI Investments LLC raised its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 84.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,728 shares of the oil and gas producer's stock after purchasing an additional 20,000 shares during the quarter. LRI Investments LLC's holdings in Enterprise Products Partners were worth $1,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Tortoise Capital Advisors L.L.C. increased its stake in shares of Enterprise Products Partners by 4.8% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 16,221,236 shares of the oil and gas producer's stock worth $470,091,000 after buying an additional 741,237 shares during the last quarter. FMR LLC grew its holdings in Enterprise Products Partners by 9.3% during the 3rd quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer's stock worth $420,037,000 after acquiring an additional 1,225,988 shares in the last quarter. Pathway Financial Advisers LLC increased its position in shares of Enterprise Products Partners by 2,862.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 7,756,006 shares of the oil and gas producer's stock worth $225,777,000 after purchasing an additional 7,494,224 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Enterprise Products Partners by 9.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 5,404,012 shares of the oil and gas producer's stock valued at $156,608,000 after purchasing an additional 447,768 shares in the last quarter. Finally, Hamlin Capital Management LLC lifted its position in shares of Enterprise Products Partners by 0.5% during the third quarter. Hamlin Capital Management LLC now owns 4,923,948 shares of the oil and gas producer's stock worth $143,336,000 after purchasing an additional 24,335 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

EPD stock traded down $0.34 during trading on Monday, hitting $32.46. The company had a trading volume of 4,236,685 shares, compared to its average volume of 4,327,854. The business has a 50 day moving average of $30.50 and a 200 day moving average of $29.52. The firm has a market capitalization of $70.36 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 1.69 and a beta of 1.08. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a fifty-two week low of $25.96 and a fifty-two week high of $34.63.

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

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were issued a $0.525 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.10 annualized dividend and a dividend yield of 6.47%. Enterprise Products Partners's dividend payout ratio (DPR) is 78.65%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Bank of America initiated coverage on Enterprise Products Partners in a research report on Thursday, October 17th. They issued a "buy" rating and a $35.00 target price for the company. US Capital Advisors raised shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. StockNews.com lowered shares of Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a report on Monday, August 12th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Enterprise Products Partners presently has an average rating of "Buy" and an average target price of $34.00.

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