Central Bank & Trust Co. Maintains Stake in Enterprise Products Partners L.P. (EPD)

Central Bank & Trust Co. maintained its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, Holdings Channel reports. The institutional investor owned 25,000 shares of the oil and gas producer’s stock at the end of the second quarter. Central Bank & Trust Co.’s holdings in Enterprise Products Partners L.P. were worth $677,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Dubuque Bank & Trust Co. boosted its stake in Enterprise Products Partners L.P. by 222.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,790 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 2,615 shares during the period. Baystate Wealth Management LLC boosted its stake in Enterprise Products Partners L.P. by 1,050.7% in the first quarter. Baystate Wealth Management LLC now owns 4,361 shares of the oil and gas producer’s stock worth $122,000 after buying an additional 3,982 shares during the period. Crestwood Advisors Group LLC acquired a new stake in Enterprise Products Partners L.P. during the first quarter worth $140,000. Intellectus Partners LLC boosted its stake in Enterprise Products Partners L.P. by 8.0% in the first quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock worth $149,000 after buying an additional 399 shares during the period. Finally, Archford Capital Strategies LLC boosted its stake in Enterprise Products Partners L.P. by 42.4% in the first quarter. Archford Capital Strategies LLC now owns 6,959 shares of the oil and gas producer’s stock worth $192,000 after buying an additional 2,071 shares during the period. Institutional investors own 38.69% of the company’s stock.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up 0.0502% during midday trading on Friday, reaching $26.0931. The company had a trading volume of 1,343,446 shares. The firm’s 50 day moving average price is $27.03 and its 200-day moving average price is $27.44. The company has a market capitalization of $56.05 billion, a P/E ratio of 20.5296 and a beta of 0.89. Enterprise Products Partners L.P. has a 12 month low of $24.01 and a 12 month high of $30.25.

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 Thomson Reuters’ consensus estimate of $0.33 by $0.03. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The company had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same period last year, the company earned $0.27 earnings per share. Enterprise Products Partners L.P.’s revenue for the quarter was up 17.6% compared to the same quarter last year. Analysts anticipate that Enterprise Products Partners L.P. will post $1.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were issued a $0.42 dividend. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a yield of 6.44%. The ex-dividend date of this dividend was Thursday, July 27th. Enterprise Products Partners L.P.’s dividend payout ratio is currently 132.28%.

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A number of equities research analysts have recently weighed in on EPD shares. Guggenheim started coverage on Enterprise Products Partners L.P. in a report on Monday, April 17th. They set a “buy” rating and a $32.00 price target on the stock. Macquarie reaffirmed an “outperform” rating and set a $32.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, April 21st. Vetr raised Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price target on the stock in a report on Monday, April 24th. Sanford C. Bernstein started coverage on Enterprise Products Partners L.P. in a report on Tuesday, May 16th. They set an “outperform” rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $31.81.

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.

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

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