Enterprise Products Partners L.P. (EPD) is Lehman Financial Resources Inc.’s 10th Largest Position

Lehman Financial Resources Inc. boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 210,963 shares of the company’s stock after buying an additional 5,303 shares during the period. Enterprise Products Partners L.P. makes up about 3.4% of Lehman Financial Resources Inc.’s portfolio, making the stock its 10th largest position. Lehman Financial Resources Inc.’s holdings in Enterprise Products Partners L.P. were worth $5,828,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kissinger Financial Services LLC bought a new stake in shares of Enterprise Products Partners L.P. during the third quarter valued at $314,000. Northstar Investment Advisors LLC increased its stake in shares of Enterprise Products Partners L.P. by 30.0% in the third quarter. Northstar Investment Advisors LLC now owns 190,675 shares of the company’s stock valued at $5,123,000 after buying an additional 43,954 shares in the last quarter. UMB Bank N A MO increased its stake in shares of Enterprise Products Partners L.P. by 4.8% in the third quarter. UMB Bank N A MO now owns 13,046 shares of the company’s stock valued at $361,000 after buying an additional 595 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of Enterprise Products Partners L.P. by 64.2% in the third quarter. First Citizens Bank & Trust Co. now owns 18,780 shares of the company’s stock valued at $519,000 after buying an additional 7,344 shares in the last quarter. Finally, Financial Architects Inc increased its stake in shares of Enterprise Products Partners L.P. by 8.9% in the third quarter. Financial Architects Inc now owns 14,656 shares of the company’s stock valued at $404,000 after buying an additional 1,194 shares in the last quarter. 35.86% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up 1.1449% during mid-day trading on Wednesday, hitting $27.1473. 1,438,380 shares of the stock were exchanged. The stock has a market cap of $57.07 billion, a PE ratio of 22.0889 and a beta of 0.91. Enterprise Products Partners L.P. has a one year low of $19.00 and a one year high of $30.11. The company has a 50-day moving average of $26.23 and a 200 day moving average of $26.91.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. The firm had revenue of $5.92 billion for the quarter, compared to the consensus estimate of $5.87 billion. Enterprise Products Partners L.P. had a net margin of 11.19% and a return on equity of 11.95%. The firm’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. On average, equities analysts predict that Enterprise Products Partners L.P. will post $1.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 7th. Investors of record on Tuesday, January 31st will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, January 27th. This represents a $1.64 dividend on an annualized basis and a yield of 6.11%. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.41. Enterprise Products Partners L.P.’s payout ratio is currently 131.71%.

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EPD has been the topic of several recent analyst reports. Vetr lowered shares of Enterprise Products Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $30.56 target price on the stock. in a research note on Wednesday, September 28th. Mizuho initiated coverage on shares of Enterprise Products Partners L.P. in a research note on Thursday, September 29th. They set a “buy” rating and a $32.00 target price on the stock. Jefferies Group reissued a “buy” rating and set a $33.00 target price on shares of Enterprise Products Partners L.P. in a research note on Sunday, October 16th. Deutsche Bank AG lowered their target price on shares of Enterprise Products Partners L.P. from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, October 10th. Finally, Wolfe Research initiated coverage on shares of Enterprise Products Partners L.P. in a research note on Friday, October 7th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $31.48.

In related news, Director Carin Marcy Barth acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were purchased at an average price of $25.27 per share, with a total value of $101,080.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 37.50% of the company’s stock.

About Enterprise Products Partners L.P.

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

5 Day Chart for NYSE:EPD

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