Whitnell & Co. Has $483,000 Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Whitnell & Co. grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 13.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 16,896 shares of the oil and gas producer’s stock after buying an additional 2,000 shares during the quarter. Whitnell & Co.’s holdings in Enterprise Products Partners were worth $483,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EPD. Invesco Ltd. raised its holdings in shares of Enterprise Products Partners by 3,750.3% during the second quarter. Invesco Ltd. now owns 16,978,814 shares of the oil and gas producer’s stock valued at $490,179,000 after purchasing an additional 16,537,844 shares during the period. Commonwealth Bank of Australia raised its holdings in shares of Enterprise Products Partners by 4,745.7% during the second quarter. Commonwealth Bank of Australia now owns 2,845,253 shares of the oil and gas producer’s stock valued at $82,134,000 after purchasing an additional 2,786,536 shares during the period. Chickasaw Capital Management LLC raised its holdings in shares of Enterprise Products Partners by 16.4% during the third quarter. Chickasaw Capital Management LLC now owns 13,375,378 shares of the oil and gas producer’s stock valued at $382,268,000 after purchasing an additional 1,880,501 shares during the period. Morgan Stanley raised its holdings in shares of Enterprise Products Partners by 9.4% during the second quarter. Morgan Stanley now owns 21,438,384 shares of the oil and gas producer’s stock valued at $618,927,000 after purchasing an additional 1,835,431 shares during the period. Finally, Energy Income Partners LLC raised its holdings in shares of Enterprise Products Partners by 6.6% during the second quarter. Energy Income Partners LLC now owns 22,050,598 shares of the oil and gas producer’s stock valued at $636,601,000 after purchasing an additional 1,366,532 shares during the period. Hedge funds and other institutional investors own 36.77% of the company’s stock.

Shares of EPD traded down $0.10 during midday trading on Friday, hitting $26.33. The stock had a trading volume of 4,099,607 shares, compared to its average volume of 4,042,235. Enterprise Products Partners L.P. has a 1 year low of $23.33 and a 1 year high of $30.86. The firm has a market cap of $58.34 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 3.05 and a beta of 0.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.00 and a quick ratio of 0.75. The stock’s 50 day moving average is $27.64 and its 200 day moving average is $28.61.

Enterprise Products Partners (NYSE:EPD) last announced its 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 net margin of 14.07% and a return on equity of 19.78%. The company’s revenue was down 16.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. As a group, equities research analysts expect that Enterprise Products Partners L.P. will post 2.19 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a $0.4425 dividend. The ex-dividend date is Wednesday, October 30th. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.44. This represents a $1.77 dividend on an annualized basis and a dividend yield of 6.72%. Enterprise Products Partners’s dividend payout ratio is presently 91.24%.

Several equities analysts have recently weighed in on the stock. Scotia Howard Weill initiated coverage on shares of Enterprise Products Partners in a report on Wednesday, September 4th. They set an “outperform” rating on the stock. Zacks Investment Research downgraded shares of Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Monday, August 26th. Scotiabank started coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 price target on the stock. Royal Bank of Canada started coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 price target on the stock. Finally, ValuEngine downgraded shares of Enterprise Products Partners from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. Enterprise Products Partners presently has an average rating of “Buy” and an average target price of $33.50.

Enterprise Products Partners Company 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. 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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