Parametric Portfolio Associates LLC Purchases 9,746 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

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Parametric Portfolio Associates LLC raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,359,190 shares of the oil and gas producer’s stock after buying an additional 9,746 shares during the period. Parametric Portfolio Associates LLC owned about 0.06% of Enterprise Products Partners worth $38,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. NEXT Financial Group Inc boosted its holdings in shares of Enterprise Products Partners by 106.6% during the second quarter. NEXT Financial Group Inc now owns 8,377 shares of the oil and gas producer’s stock worth $242,000 after purchasing an additional 4,322 shares during the period. BB&T Corp lifted its stake in Enterprise Products Partners by 52.0% in the second quarter. BB&T Corp now owns 16,613 shares of the oil and gas producer’s stock worth $480,000 after acquiring an additional 5,683 shares during the period. Westside Investment Management Inc. purchased a new stake in Enterprise Products Partners in the second quarter worth $90,000. Trustcore Financial Services LLC boosted its holdings in Enterprise Products Partners by 1.8% in the second quarter. Trustcore Financial Services LLC now owns 75,260 shares of the oil and gas producer’s stock valued at $2,173,000 after acquiring an additional 1,299 shares in the last quarter. Finally, Mcmillion Capital Management Inc. bought a new stake in Enterprise Products Partners in the second quarter valued at $29,000. 36.95% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on EPD. Royal Bank of Canada assumed coverage on shares of Enterprise Products Partners in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 price objective on the stock. ValuEngine cut shares of Enterprise Products Partners from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Scotiabank began coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 target price on the stock. Zacks Investment Research lowered shares of Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research note on Monday, August 26th. Finally, Scotia Howard Weill began coverage on shares of Enterprise Products Partners in a research report on Wednesday, September 4th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $33.88.

NYSE EPD opened at $25.96 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. Enterprise Products Partners L.P. has a twelve month low of $23.33 and a twelve month high of $30.86. The firm has a market capitalization of $57.62 billion, a PE ratio of 11.91, a P/E/G ratio of 3.00 and a beta of 0.87. The stock’s 50 day moving average is $26.70 and its 200 day moving average is $28.32.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Monday, October 28th. The oil and gas producer reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.05). The firm had revenue of $7.96 billion during the quarter, compared to analysts’ expectations of $8.97 billion. Enterprise Products Partners had a return on equity of 19.59% and a net margin of 14.07%. Enterprise Products Partners’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. On average, research analysts anticipate that Enterprise Products Partners L.P. will post 2.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.4425 per share. This represents a $1.77 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date of this dividend was Wednesday, October 30th. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.44. Enterprise Products Partners’s payout ratio is 91.24%.

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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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