Enterprise Products Partners L.P. (NYSE:EPD) Stake Maintained by First Midwest Bank Trust Division

First Midwest Bank Trust Division continued to hold its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,815 shares of the oil and gas producer’s stock at the end of the second quarter. First Midwest Bank Trust Division’s holdings in Enterprise Products Partners L.P. were worth $320,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in EPD. Evanson Asset Management LLC boosted its position in shares of Enterprise Products Partners L.P. by 1.0% in the first quarter. Evanson Asset Management LLC now owns 110,131 shares of the oil and gas producer’s stock valued at $3,041,000 after buying an additional 1,110 shares during the last quarter. Capital Investment Advisors LLC boosted its position in shares of Enterprise Products Partners L.P. by 9.0% in the first quarter. Capital Investment Advisors LLC now owns 131,439 shares of the oil and gas producer’s stock valued at $3,629,000 after buying an additional 10,906 shares during the last quarter. Telemus Capital LLC boosted its position in shares of Enterprise Products Partners L.P. by 0.9% in the first quarter. Telemus Capital LLC now owns 73,021 shares of the oil and gas producer’s stock valued at $2,016,000 after buying an additional 679 shares during the last quarter. SeaBridge Investment Advisors LLC boosted its position in shares of Enterprise Products Partners L.P. by 8.8% in the first quarter. SeaBridge Investment Advisors LLC now owns 75,431 shares of the oil and gas producer’s stock valued at $2,083,000 after buying an additional 6,110 shares during the last quarter. Finally, Washington Trust Bank boosted its position in shares of Enterprise Products Partners L.P. by 292.7% in the first quarter. Washington Trust Bank now owns 8,640 shares of the oil and gas producer’s stock valued at $239,000 after buying an additional 6,440 shares during the last quarter. Institutional investors and hedge funds own 38.69% of the company’s stock.

Shares of Enterprise Products Partners L.P. (EPD) traded down 0.69% during midday trading on Friday, hitting $25.90. The stock had a trading volume of 4,101,658 shares. The stock has a 50 day moving average of $27.03 and a 200-day moving average of $27.43. The company has a market cap of $55.63 billion, a P/E ratio of 20.38 and a beta of 0.89. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The firm had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.44 billion. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 EPS. Analysts forecast that Enterprise Products Partners L.P. will post $1.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Monday, July 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.49%. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, July 27th. Enterprise Products Partners L.P.’s dividend payout ratio is presently 132.28%.

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Several equities analysts have recently issued reports on the company. Guggenheim assumed coverage on Enterprise Products Partners L.P. in a research note on Monday, April 17th. They issued a “buy” rating and a $32.00 price objective for the company. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Friday, July 14th. Vetr upgraded Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price objective for the company in a research note on Monday, April 24th. Macquarie reiterated an “outperform” rating and issued a $32.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Friday, April 21st. Finally, Scotiabank set a $33.00 price objective on Enterprise Products Partners L.P. and gave the company a “buy” rating in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $31.62.

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.

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

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