Keybank National Association OH Has $4.32 Million Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Keybank National Association OH raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,137 shares of the oil and gas producer’s stock after buying an additional 7,944 shares during the period. Keybank National Association OH’s holdings in Enterprise Products Partners were worth $4,319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bartlett & Co. LLC increased its holdings in shares of Enterprise Products Partners by 22.0% in the third quarter. Bartlett & Co. LLC now owns 12,124 shares of the oil and gas producer’s stock valued at $347,000 after purchasing an additional 2,188 shares in the last quarter. D Orazio & Associates Inc. acquired a new stake in shares of Enterprise Products Partners in the third quarter valued at approximately $30,000. AlphaMark Advisors LLC increased its holdings in shares of Enterprise Products Partners by 40.2% in the third quarter. AlphaMark Advisors LLC now owns 3,489 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 1,000 shares in the last quarter. JNBA Financial Advisors increased its holdings in shares of Enterprise Products Partners by 442.8% in the third quarter. JNBA Financial Advisors now owns 1,471 shares of the oil and gas producer’s stock valued at $42,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of Enterprise Products Partners by 3.7% in the third quarter. Cullen Frost Bankers Inc. now owns 117,746 shares of the oil and gas producer’s stock valued at $3,365,000 after purchasing an additional 4,197 shares in the last quarter. 36.77% of the stock is owned by institutional investors.

EPD stock traded down $0.10 during midday trading on Friday, reaching $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 52 week low of $23.33 and a 52 week high of $30.86. The stock 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 quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 1.06. The business’s 50-day simple moving average is $27.64 and its 200-day simple moving average is $28.61.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Monday, October 28th. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.05). The business had revenue of $7.96 billion during the quarter, compared to the consensus estimate of $8.97 billion. Enterprise Products Partners had a net margin of 14.07% and a return on equity of 19.78%. Enterprise Products Partners’s revenue was down 16.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share. As a group, equities analysts forecast that Enterprise Products Partners L.P. will post 2.19 earnings per share for the current fiscal 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 dividend of $0.4425 per share. This is an increase 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%. The ex-dividend date of this dividend is Wednesday, October 30th. Enterprise Products Partners’s dividend payout ratio is currently 91.24%.

EPD has been the subject of a number of research reports. Piper Jaffray Companies initiated coverage on shares of Enterprise Products Partners in a report on Wednesday, July 17th. They issued an “overweight” rating and a $37.00 price target for the company. Zacks Investment Research cut shares of Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research note on Monday, August 26th. 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 on the stock. 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 on the stock. Finally, Stifel Nicolaus raised their price objective on shares of Enterprise Products Partners from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $33.50.

Enterprise Products Partners 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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