Zevin Asset Management LLC Has $1.62 Million Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Zevin Asset Management LLC cut its position in Enterprise Products Partners L.P. (NYSE:EPD) by 15.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,773 shares of the oil and gas producer’s stock after selling 10,695 shares during the period. Zevin Asset Management LLC’s holdings in Enterprise Products Partners were worth $1,623,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mcmillion Capital Management Inc. acquired a new stake in shares of Enterprise Products Partners during the second quarter worth $29,000. TCI Wealth Advisors Inc. grew its position in shares of Enterprise Products Partners by 400.0% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,000 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 800 shares during the period. D Orazio & Associates Inc. acquired a new stake in shares of Enterprise Products Partners during the 3rd quarter worth about $30,000. Centersquare Investment Management LLC acquired a new stake in shares of Enterprise Products Partners during the 2nd quarter worth about $34,000. Finally, TRUE Private Wealth Advisors acquired a new stake in shares of Enterprise Products Partners during the 2nd quarter worth about $41,000. Institutional investors own 36.77% of the company’s stock.

Several brokerages have weighed in on EPD. Scotiabank began coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $35.00 price objective for the company. Piper Jaffray Companies began coverage on shares of Enterprise Products Partners in a research note on Wednesday, July 17th. They issued an “overweight” rating and a $37.00 price objective for the company. ValuEngine cut shares of Enterprise Products Partners from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Scotia Howard Weill began coverage on shares of Enterprise Products Partners in a research note on Wednesday, September 4th. They issued an “outperform” rating for the company. Finally, Royal Bank of Canada began coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $33.50.

Enterprise Products Partners stock traded down $0.10 during midday trading on Friday, hitting $26.33. The company’s 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 company has a debt-to-equity ratio of 1.06, a current ratio of 1.00 and a quick ratio of 0.75. The company has a 50-day moving average price of $27.64 and a two-hundred day moving average price of $28.61. The company has a market cap of $58.34 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 3.05 and a beta of 0.87.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Monday, October 28th. The oil and gas producer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.05). The business had revenue of $7.96 billion during the quarter, compared to analyst estimates of $8.97 billion. Enterprise Products Partners had a return on equity of 19.78% and a net margin of 14.07%. Enterprise Products Partners’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. Sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.19 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given 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 annualized dividend and a dividend yield of 6.72%. Enterprise Products Partners’s payout ratio is presently 91.24%.

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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