FineMark National Bank & Trust Decreases Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

FineMark National Bank & Trust reduced its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 25.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,366 shares of the oil and gas producer’s stock after selling 5,800 shares during the quarter. FineMark National Bank & Trust’s holdings in Enterprise Products Partners L.P. were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. increased its holdings in shares of Enterprise Products Partners L.P. by 14.3% in 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 acquiring an additional 500 shares during the period. First Financial Corp IN boosted its position in shares of Enterprise Products Partners L.P. by 11.1% in the 2nd quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock worth $108,000 after purchasing an additional 400 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Enterprise Products Partners L.P. in the 2nd quarter worth $130,000. Camarda Financial Advisors LLC boosted its position in shares of Enterprise Products Partners L.P. by 0.6% in the 2nd quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after purchasing an additional 27 shares in the last quarter. Finally, Jacobi Capital Management LLC boosted its position in shares of Enterprise Products Partners L.P. by 690.9% in the 2nd quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock worth $148,000 after purchasing an additional 4,760 shares in the last quarter. Institutional investors own 37.56% of the company’s stock.

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Enterprise Products Partners L.P. (EPD) traded up $0.10 during trading hours on Friday, reaching $25.00. The company’s stock had a trading volume of 3,633,700 shares, compared to its average volume of 6,344,052. Enterprise Products Partners L.P. has a 52 week low of $23.84 and a 52 week high of $30.25. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 0.96. The stock has a market cap of $53,817.57, a price-to-earnings ratio of 19.69, a P/E/G ratio of 3.74 and a beta of 0.89.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 31st were paid a dividend of $0.4225 per share. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.69 annualized dividend and a yield of 6.76%. The ex-dividend date was Monday, October 30th. Enterprise Products Partners L.P.’s payout ratio is 135.20%.

A number of analysts have recently weighed in on the company. BidaskClub cut Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $29.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $30.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, August 11th. Finally, Royal Bank Of Canada lowered their price target on Enterprise Products Partners L.P. from $34.00 to $31.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Enterprise Products Partners L.P. presently has an average rating of “Buy” and a consensus target price of $30.86.

In other news, Director Carin Marcy Barth acquired 12,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $300,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 37.50% of the stock is currently owned by insiders.

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.

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

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