Wilmington Savings Fund Society FSB Boosts Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Wilmington Savings Fund Society FSB raised its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 1,183.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,725 shares of the oil and gas producer's stock after purchasing an additional 84,578 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Enterprise Products Partners were worth $2,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. grew its position in Enterprise Products Partners by 4.8% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 16,221,236 shares of the oil and gas producer's stock valued at $470,091,000 after buying an additional 741,237 shares during the period. FMR LLC grew its position in shares of 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 valued at $420,037,000 after acquiring 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% during 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 holdings 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 worth $156,608,000 after purchasing an additional 447,768 shares during the period. Finally, Hamlin Capital Management LLC lifted its stake in Enterprise Products Partners by 0.5% in the third 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 purchasing an additional 24,335 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners Price Performance

Shares of EPD stock traded down $0.20 during trading hours on Friday, reaching $32.19. The stock had a trading volume of 2,550,713 shares, compared to its average volume of 4,305,525. The stock's fifty day simple moving average is $30.79 and its 200 day simple moving average is $29.64. The firm has a market capitalization of $69.77 billion, a PE ratio of 12.06, a PEG ratio of 1.67 and a beta of 1.08. Enterprise Products Partners L.P. has a 12 month low of $26.02 and a 12 month high of $34.63. 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 (NYSE:EPD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $13.78 billion during the quarter, compared to the consensus estimate of $13.87 billion. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. On average, equities research analysts predict that Enterprise Products Partners L.P. will post 2.69 EPS for the current year.

Enterprise Products Partners Dividend Announcement

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

Analyst Ratings Changes

EPD has been the subject of a number of recent research reports. Bank of America began 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 Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus 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.