Enterprise Products Partners L.P. (EPD) Holdings Cut by First National Trust Co

First National Trust Co lessened its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,353 shares of the oil and gas producer’s stock after selling 3,018 shares during the quarter. First National Trust Co’s holdings in Enterprise Products Partners were worth $1,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its position in shares of Enterprise Products Partners by 14.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock valued at $107,000 after buying an additional 500 shares during the last quarter. Ffcm LLC purchased a new position in shares of Enterprise Products Partners during the 3rd quarter valued at $112,000. Trust Department MB Financial Bank N A lifted its position in shares of Enterprise Products Partners by 81.4% during the 4th quarter. Trust Department MB Financial Bank N A now owns 5,528 shares of the oil and gas producer’s stock valued at $147,000 after buying an additional 2,480 shares during the last quarter. Jacobi Capital Management LLC lifted its position in shares of Enterprise Products Partners by 690.9% during the 2nd quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock valued at $148,000 after buying an additional 4,760 shares during the last quarter. Finally, Acrospire Investment Management LLC lifted its position in shares of Enterprise Products Partners by 571.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 5,640 shares of the oil and gas producer’s stock valued at $153,000 after buying an additional 4,800 shares during the last quarter. Hedge funds and other institutional investors own 37.57% of the company’s stock.

Shares of Enterprise Products Partners L.P. (EPD) opened at $28.30 on Friday. The stock has a market capitalization of $61,612.56, a PE ratio of 22.64, a P/E/G ratio of 3.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.48 and a current ratio of 0.71. Enterprise Products Partners L.P. has a 1-year low of $23.59 and a 1-year high of $30.25.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Enterprise Products Partners had a return on equity of 12.02% and a net margin of 9.83%. analysts expect that Enterprise Products Partners L.P. will post 1.3 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 6.01%. Enterprise Products Partners’s dividend payout ratio is 135.20%.

In related news, Director Carin Marcy Barth purchased 12,000 shares of Enterprise Products Partners stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $300,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Aj Teague purchased 8,250 shares of Enterprise Products Partners stock in a transaction that occurred on Tuesday, November 28th. The shares were bought at an average price of $24.26 per share, for a total transaction of $200,145.00. The disclosure for this purchase can be found here. Insiders have bought a total of 31,550 shares of company stock worth $799,256 over the last quarter. Corporate insiders own 37.50% of the company’s stock.

A number of research analysts have recently commented on EPD shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $30.00 price target on shares of Enterprise Products Partners in a research report on Sunday, October 22nd. SunTrust Banks reaffirmed a “buy” rating and set a $29.00 price target on shares of Enterprise Products Partners in a research report on Friday, November 3rd. Scotiabank set a $33.00 price target on Enterprise Products Partners and gave the company a “buy” rating in a research report on Sunday, October 15th. Mizuho set a $31.00 price target on Enterprise Products Partners and gave the company a “buy” rating in a research report on Sunday, October 15th. Finally, BMO Capital Markets set a $33.00 price target on Enterprise Products Partners and gave the company a “buy” rating in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Enterprise Products Partners currently has an average rating of “Buy” and an average price target of $30.99.

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Enterprise Products Partners 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 (NYSE:EPD)

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