Enterprise Products Partners L.P. (EPD) Shares Sold by Steinberg Global Asset Management

Steinberg Global Asset Management cut its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 29.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,010 shares of the oil and gas producer’s stock after selling 5,468 shares during the period. Steinberg Global Asset Management’s holdings in Enterprise Products Partners L.P. were worth $339,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its position 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 purchasing 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 valued at $108,000 after purchasing an additional 400 shares during the period. First Eagle Investment Management LLC acquired a new position in shares of Enterprise Products Partners L.P. in the 2nd quarter valued at $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 valued at $131,000 after purchasing an additional 27 shares during the period. 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 valued at $148,000 after purchasing an additional 4,760 shares during the period. 37.56% of the stock is owned by institutional investors.

EPD has been the subject of several research analyst reports. Scotiabank set a $33.00 price target on Enterprise Products Partners L.P. and gave the stock 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 on the stock in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $30.00 target price on shares of Enterprise Products Partners L.P. in a report on Friday, August 11th. BMO Capital Markets set a $33.00 target price on Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, Seaport Global Securities started coverage on Enterprise Products Partners L.P. in a report on Tuesday, October 10th. They issued a “neutral” rating and a $29.00 target price on the stock. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $30.86.

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In other news, Director Carin Marcy Barth purchased 12,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were 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 Securities & Exchange Commission, which is available through this link. Insiders own 37.50% of the company’s stock.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at $25.00 on Friday. 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 debt-to-equity ratio of 0.96, a quick ratio of 0.41 and a current ratio of 0.71. The company has a market capitalization of $53,602.30, a price-to-earnings ratio of 19.61, a P/E/G ratio of 3.72 and a beta of 0.89.

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

Enterprise Products Partners L.P. 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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