Advisor Group Inc. Purchases 10,606 Shares of Enterprise Products Partners L.P. (EPD)

Advisor Group Inc. increased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 7.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160,278 shares of the oil and gas producer’s stock after buying an additional 10,606 shares during the quarter. Advisor Group Inc.’s holdings in Enterprise Products Partners L.P. were worth $4,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners increased its stake in shares of Enterprise Products Partners L.P. by 82.6% in the second quarter. Boston Partners now owns 1,206,722 shares of the oil and gas producer’s stock valued at $32,678,000 after buying an additional 545,856 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of Enterprise Products Partners L.P. by 1.8% in the second quarter. Cullen Frost Bankers Inc. now owns 92,837 shares of the oil and gas producer’s stock valued at $2,514,000 after buying an additional 1,616 shares during the period. Pinnacle Financial Partners Inc. acquired a new position in shares of Enterprise Products Partners L.P. in the second quarter valued at approximately $1,159,000. Marshall Wace North America L.P. acquired a new position in shares of Enterprise Products Partners L.P. in the second quarter valued at approximately $12,501,000. Finally, Everett Harris & Co. CA increased its stake in shares of Enterprise Products Partners L.P. by 17.3% in the second quarter. Everett Harris & Co. CA now owns 94,025 shares of the oil and gas producer’s stock valued at $2,546,000 after buying an additional 13,861 shares during the period. 37.56% of the stock is owned by institutional investors.

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EPD has been the subject of several recent research reports. Scotiabank set a $33.00 price objective on Enterprise Products Partners L.P. and gave the company a “buy” rating in a research note on Friday, July 21st. Jefferies Group LLC lowered their price objective on Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, September 1st. Stifel Nicolaus reissued a “buy” rating and set a $30.00 target price on shares of Enterprise Products Partners L.P. in a research report on Friday, August 11th. BMO Capital Markets set a $33.00 target price on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, Seaport Global Securities assumed coverage on shares of Enterprise Products Partners L.P. in a research report on Tuesday, October 10th. They set a “neutral” rating and a $29.00 target price for the company. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $30.86.

In related news, Director Carin Marcy Barth acquired 12,000 shares of Enterprise Products Partners L.P. stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $25.00 per share, with a total value of $300,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 37.50% of the company’s stock.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded down $0.37 during mid-day trading on Tuesday, hitting $23.99. 2,159,861 shares of the stock traded hands, compared to its average volume of 4,638,795. The firm has a market cap of $51,370.00, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 3.74 and a beta of 0.92. 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 current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.96.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 31st were given a dividend of $0.4225 per share. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.69 annualized dividend and a dividend yield of 7.05%. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is 152.25%.

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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