EP Wealth Advisors LLC Buys 47,606 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

EP Wealth Advisors LLC grew its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 32.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,500 shares of the oil and gas producer's stock after buying an additional 47,606 shares during the quarter. EP Wealth Advisors LLC's holdings in Enterprise Products Partners were worth $5,691,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EPD. Tortoise Capital Advisors L.L.C. increased its holdings in Enterprise Products Partners by 4.8% in the 2nd 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 acquiring an additional 741,237 shares in the last quarter. FMR LLC boosted its position in shares of Enterprise Products Partners by 9.3% in the third quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer's stock worth $420,037,000 after purchasing an additional 1,225,988 shares during the period. Pathway Financial Advisers LLC increased its stake in shares of Enterprise Products Partners by 2,862.8% in the third 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 in the last quarter. Westwood Holdings Group Inc. raised its position in shares of Enterprise Products Partners by 9.0% during 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 during the period. Finally, Hamlin Capital Management LLC lifted its stake in shares of Enterprise Products Partners by 0.5% during the 3rd quarter. Hamlin Capital Management LLC now owns 4,923,948 shares of the oil and gas producer's stock valued at $143,336,000 after buying an additional 24,335 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

NYSE:EPD traded down $0.05 during trading hours on Friday, reaching $32.80. The stock had a trading volume of 4,194,005 shares, compared to its average volume of 4,398,759. 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 $71.10 billion, a PE ratio of 12.28, a PEG ratio of 1.69 and a beta of 1.08. Enterprise Products Partners L.P. has a 52 week low of $25.96 and a 52 week high of $34.63. The company has a 50 day moving average price of $30.50 and a two-hundred day moving average price of $29.52.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced 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). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The business had revenue of $13.78 billion during the quarter, compared to the consensus estimate of $13.87 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The company's revenue for the quarter was up 14.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.40%. 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 equities research analysts have issued reports on the company. Bank of America assumed coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They issued a "buy" rating and a $35.00 price target for the company. StockNews.com cut Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price target on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Finally, 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. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Enterprise Products Partners 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.