Marquette Asset Management LLC Purchases 400 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Marquette Asset Management LLC increased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 42,283 shares of the oil and gas producer’s stock after buying an additional 400 shares during the period. Marquette Asset Management LLC’s holdings in Enterprise Products Partners were worth $1,208,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Capital Advisors Inc. OK lifted its stake in Enterprise Products Partners by 7.1% in the 2nd quarter. Capital Advisors Inc. OK now owns 21,418 shares of the oil and gas producer’s stock worth $618,000 after purchasing an additional 1,418 shares in the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Enterprise Products Partners by 71.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 12,395 shares of the oil and gas producer’s stock valued at $357,000 after buying an additional 5,171 shares in the last quarter. Smithbridge Asset Management Inc. DE raised its position in shares of Enterprise Products Partners by 2.3% during the 2nd quarter. Smithbridge Asset Management Inc. DE now owns 78,714 shares of the oil and gas producer’s stock valued at $2,272,000 after buying an additional 1,775 shares in the last quarter. Ashburton Jersey Ltd purchased a new stake in shares of Enterprise Products Partners during the 2nd quarter valued at about $63,000. Finally, Northstar Investment Advisors LLC raised its position in shares of Enterprise Products Partners by 1.2% during the 3rd quarter. Northstar Investment Advisors LLC now owns 216,677 shares of the oil and gas producer’s stock valued at $6,177,000 after buying an additional 2,548 shares in the last quarter. 36.67% of the stock is owned by institutional investors.

Enterprise Products Partners stock traded up $0.16 during midday trading on Tuesday, reaching $27.73. The stock had a trading volume of 747,969 shares, compared to its average volume of 4,113,719. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 1.06. Enterprise Products Partners L.P. has a 52-week low of $23.33 and a 52-week high of $30.86. The firm has a market cap of $60.42 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 3.13 and a beta of 0.87. The company has a fifty day moving average of $28.29 and a 200 day moving average of $28.84.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. Enterprise Products Partners had a net margin of 14.26% and a return on equity of 20.02%. The company had revenue of $8.28 billion for the quarter, compared to analyst estimates of $8.57 billion. During the same period in the prior year, the company posted $0.31 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts predict that Enterprise Products Partners L.P. will post 2.2 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a $0.4425 dividend. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.44. This represents a $1.77 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date of this dividend is Wednesday, October 30th. Enterprise Products Partners’s dividend payout ratio is 90.72%.

In other news, Director Murray E. Brasseux acquired 5,000 shares of Enterprise Products Partners stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average cost of $30.00 per share, with a total value of $150,000.00. Following the transaction, the director now directly owns 17,885 shares of the company’s stock, valued at approximately $536,550. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 37.50% of the company’s stock.

EPD has been the topic of several recent research reports. Royal Bank of Canada initiated coverage on shares of Enterprise Products Partners in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 target price on the stock. Zacks Investment Research cut shares of Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research report on Monday, August 26th. Piper Jaffray Companies initiated coverage on shares of Enterprise Products Partners in a research report on Wednesday, July 17th. They set an “overweight” rating and a $37.00 target price on the stock. Scotia Howard Weill initiated coverage on shares of Enterprise Products Partners in a research report on Wednesday, September 4th. They set an “outperform” rating on the stock. Finally, ValuEngine cut shares of Enterprise Products Partners from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.45.

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. The company operates through four segments: 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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