AllSquare Wealth Management LLC Acquires New Stake in Enterprise Products Partners L.P. (EPD)

AllSquare Wealth Management LLC acquired a new position in Enterprise Products Partners L.P. (NYSE:EPD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,800 shares of the oil and gas producer’s stock, valued at approximately $282,000.

Several other institutional investors have also added to or reduced their stakes in EPD. Janus Henderson Group PLC acquired a new stake in shares of Enterprise Products Partners L.P. in the second quarter worth $259,960,000. Principal Financial Group Inc. acquired a new stake in Enterprise Products Partners L.P. during the 2nd quarter valued at $143,325,000. Commonwealth Bank of Australia grew its holdings in Enterprise Products Partners L.P. by 182.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 6,136,898 shares of the oil and gas producer’s stock valued at $166,186,000 after purchasing an additional 3,967,879 shares in the last quarter. BlackRock Inc. grew its holdings in Enterprise Products Partners L.P. by 5,083.2% during the 1st quarter. BlackRock Inc. now owns 3,225,992 shares of the oil and gas producer’s stock valued at $89,069,000 after purchasing an additional 3,163,753 shares in the last quarter. Finally, Beach Investment Management LLC. grew its holdings in Enterprise Products Partners L.P. by 1,922.5% during the 2nd quarter. Beach Investment Management LLC. now owns 1,920,324 shares of the oil and gas producer’s stock valued at $52,002,000 after purchasing an additional 1,825,374 shares in the last quarter. 37.56% of the stock is owned by institutional investors.

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Enterprise Products Partners L.P. (NYSE EPD) traded up $0.10 during trading on Monday, hitting $25.00. 3,633,700 shares of the stock were exchanged, compared to its average volume of 4,638,610. 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 one year low of $23.84 and a one year high of $30.25. The company has a market cap of $52,870.00, a P/E ratio of 19.68, a P/E/G ratio of 3.74 and a beta of 0.92.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 31st were given a $0.4225 dividend. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date was Monday, October 30th. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 152.25%.

A number of equities research analysts recently weighed in on EPD shares. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Friday, July 21st. Barclays PLC reaffirmed an “overweight” rating and set a $31.00 price target (down from $33.00) on shares of Enterprise Products Partners L.P. in a report on Friday, August 4th. BidaskClub lowered shares of Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Enterprise Products Partners L.P. in a report on Thursday, August 10th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $30.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $30.86.

In other news, Director Carin Marcy Barth acquired 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $300,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 37.50% of the company’s stock.

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.

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

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