Ingalls & Snyder LLC Sells 721 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Ingalls & Snyder LLC decreased its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,252 shares of the oil and gas producer’s stock after selling 721 shares during the quarter. Ingalls & Snyder LLC’s holdings in Enterprise Products Partners were worth $415,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Integrated Wealth Concepts LLC raised its stake in shares of Enterprise Products Partners by 0.5% in the third quarter. Integrated Wealth Concepts LLC now owns 122,371 shares of the oil and gas producer’s stock worth $3,562,000 after acquiring an additional 669 shares during the last quarter. Hilltop Holdings Inc. increased its stake in shares of Enterprise Products Partners by 14.4% in the 3rd quarter. Hilltop Holdings Inc. now owns 103,556 shares of the oil and gas producer’s stock valued at $3,014,000 after buying an additional 12,999 shares during the period. Hollow Brook Wealth Management LLC raised its position in shares of Enterprise Products Partners by 4.0% during the third quarter. Hollow Brook Wealth Management LLC now owns 201,954 shares of the oil and gas producer’s stock worth $5,879,000 after acquiring an additional 7,718 shares during the last quarter. Chevy Chase Trust Holdings LLC boosted its holdings in Enterprise Products Partners by 11.3% in the third quarter. Chevy Chase Trust Holdings LLC now owns 8,350 shares of the oil and gas producer’s stock valued at $243,000 after acquiring an additional 850 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY boosted its stake in shares of Enterprise Products Partners by 1.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 98,703 shares of the oil and gas producer’s stock valued at $2,873,000 after purchasing an additional 1,447 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Stock Down 1.5 %

EPD stock opened at $33.29 on Wednesday. The business has a 50-day moving average of $30.27 and a 200-day moving average of $29.43. Enterprise Products Partners L.P. has a fifty-two week low of $25.96 and a fifty-two week high of $34.63. The stock has a market capitalization of $72.16 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The business had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. During the same quarter last year, the business earned $0.60 earnings per share. Enterprise Products Partners’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.525 per share. The ex-dividend date was Thursday, October 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.31%. Enterprise Products Partners’s dividend payout ratio is 78.65%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EPD. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. US Capital Advisors upgraded Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Finally, Bank of America initiated coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They issued a “buy” rating and a $35.00 price target for the company. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Enterprise Products Partners has a consensus rating of “Buy” and an average price target of $34.00.

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.