CI Global Investments Inc. Lowers Position in Enterprise Products Partners L.P. (EPD)

CI Global Investments Inc. cut its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 74.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 178,357 shares of the oil and gas producer’s stock after selling 525,285 shares during the quarter. CI Global Investments Inc.’s holdings in Enterprise Products Partners L.P. were worth $4,650,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Day & Ennis LLC lifted its position in shares of Enterprise Products Partners L.P. by 0.3% during the first quarter. Day & Ennis LLC now owns 8,057 shares of the oil and gas producer’s stock valued at $222,000 after buying an additional 26 shares during the last quarter. Camarda Financial Advisors LLC lifted its position in shares of Enterprise Products Partners L.P. by 0.6% during the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock valued at $131,000 after buying an additional 27 shares during the last quarter. Patten & Patten Inc. TN lifted its position in shares of Enterprise Products Partners L.P. by 0.5% during the second quarter. Patten & Patten Inc. TN now owns 9,487 shares of the oil and gas producer’s stock valued at $257,000 after buying an additional 44 shares during the last quarter. CFO4Life Group LLC lifted its position in shares of Enterprise Products Partners L.P. by 0.3% during the second quarter. CFO4Life Group LLC now owns 13,894 shares of the oil and gas producer’s stock valued at $376,000 after buying an additional 47 shares during the last quarter. Finally, Klingenstein Fields & Co. LLC lifted its position in shares of Enterprise Products Partners L.P. by 0.3% during the second quarter. Klingenstein Fields & Co. LLC now owns 17,238 shares of the oil and gas producer’s stock valued at $467,000 after buying an additional 52 shares during the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Royal Bank Of Canada decreased their price target on shares of Enterprise Products Partners L.P. from $34.00 to $31.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. Sanford C. Bernstein reissued an “outperform” rating on shares of Enterprise Products Partners L.P. in a research report on Thursday, August 10th. BidaskClub raised shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $31.00 price objective (down from $33.00) on shares of Enterprise Products Partners L.P. in a research report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Enterprise Products Partners L.P. has an average rating of “Buy” and a consensus target price of $30.86.

Shares of Enterprise Products Partners L.P. (NYSE EPD) traded down $0.41 during trading hours on Tuesday, reaching $23.95. 3,415,621 shares of the company traded hands, compared to its average volume of 4,638,795. Enterprise Products Partners L.P. has a one year low of $23.84 and a one year high of $30.25. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.96. The firm has a market cap of $51,320.00, a P/E ratio of 19.68, a PEG ratio of 3.74 and a beta of 0.92.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 31st were issued a $0.4225 dividend. This represents a $1.69 annualized dividend and a yield of 7.06%. The ex-dividend date was Monday, October 30th. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s dividend payout ratio is 152.25%.

In other Enterprise Products Partners L.P. news, Director Carin Marcy Barth purchased 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $25.00 per share, for a total transaction of $300,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 37.50% of the stock is currently owned by corporate insiders.

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Enterprise Products Partners L.P. Company Profile

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.

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

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