Enterprise Products Partners L.P. (NYSE:EPD) is Walnut Private Equity Partners LLC’s 5th Largest Position

Walnut Private Equity Partners LLC increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 17.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 369,052 shares of the oil and gas producer’s stock after buying an additional 53,900 shares during the period. Enterprise Products Partners L.P. makes up approximately 8.1% of Walnut Private Equity Partners LLC’s portfolio, making the stock its 5th largest position. Walnut Private Equity Partners LLC’s holdings in Enterprise Products Partners L.P. were worth $9,994,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EPD. Chickasaw Capital Management LLC increased its stake in shares of Enterprise Products Partners L.P. by 40.5% in the first quarter. Chickasaw Capital Management LLC now owns 14,566,207 shares of the oil and gas producer’s stock valued at $402,173,000 after buying an additional 4,202,364 shares in the last quarter. BlackRock Inc. increased its stake in shares of Enterprise Products Partners L.P. by 5,083.2% in the first quarter. BlackRock Inc. now owns 3,225,992 shares of the oil and gas producer’s stock valued at $89,069,000 after buying an additional 3,163,753 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Enterprise Products Partners L.P. by 38.0% in the first quarter. Ameriprise Financial Inc. now owns 7,334,276 shares of the oil and gas producer’s stock valued at $202,351,000 after buying an additional 2,018,930 shares in the last quarter. Epoch Investment Partners Inc. increased its stake in shares of Enterprise Products Partners L.P. by 24.2% in the first quarter. Epoch Investment Partners Inc. now owns 7,138,017 shares of the oil and gas producer’s stock valued at $197,080,000 after buying an additional 1,389,424 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Enterprise Products Partners L.P. by 18.2% in the first quarter. American Century Companies Inc. now owns 6,964,325 shares of the oil and gas producer’s stock valued at $192,285,000 after buying an additional 1,072,931 shares in the last quarter. Hedge funds and other institutional investors own 38.69% of the company’s stock.

Shares of Enterprise Products Partners L.P. (NYSE EPD) traded up 0.1721% during mid-day trading on Thursday, hitting $26.3052. The stock had a trading volume of 958,530 shares. The stock has a 50-day moving average price of $27.03 and a 200 day moving average price of $27.45. Enterprise Products Partners L.P. has a 52 week low of $24.01 and a 52 week high of $30.25. The stock has a market cap of $56.50 billion, a P/E ratio of 20.6965 and a beta of 0.89.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. The firm had revenue of $6.61 billion during 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%. Enterprise Products Partners L.P.’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. On average, equities analysts forecast that Enterprise Products Partners L.P. will post $1.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Monday, July 31st were given a $0.42 dividend. The ex-dividend date was Thursday, July 27th. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a yield of 6.40%. Enterprise Products Partners L.P.’s payout ratio is 132.28%.

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Several analysts recently issued reports on EPD shares. Morgan Stanley upgraded Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $26.37 to $26.50 in a report on Thursday, June 15th. Sanford C. Bernstein started coverage on Enterprise Products Partners L.P. in a report on Tuesday, May 16th. They issued an “outperform” rating for the company. Guggenheim started coverage on Enterprise Products Partners L.P. in a report on Monday, April 17th. They issued a “buy” rating and a $32.00 price target for the company. BMO Capital Markets set a $33.00 price target on Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Monday, June 5th. Finally, Macquarie reiterated an “outperform” rating and issued a $32.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $31.81.

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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