Ingalls & Snyder LLC Has $415,000 Position in Enterprise Products Partners L.P. (NYSE:EPD)

Ingalls & Snyder LLC trimmed its position in Enterprise Products Partners L.P. (NYSE:EPD) by 4.8% during the third quarter, Holdings Channel reports. The firm owned 14,252 shares of the oil and gas producer’s stock after selling 721 shares during the quarter. Ingalls & Snyder LLC’s holdings in Enterprise Products Partners were worth $415,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of EPD. Curi RMB Capital LLC lifted its stake in shares of Enterprise Products Partners by 0.5% in the third quarter. Curi RMB Capital LLC now owns 73,828 shares of the oil and gas producer’s stock worth $2,149,000 after acquiring an additional 339 shares during the period. Tranquility Partners LLC raised its holdings in Enterprise Products Partners by 1.5% during the 3rd quarter. Tranquility Partners LLC now owns 23,204 shares of the oil and gas producer’s stock worth $675,000 after purchasing an additional 346 shares during the last quarter. Princeton Global Asset Management LLC lifted its position in shares of Enterprise Products Partners by 4.9% in the 3rd quarter. Princeton Global Asset Management LLC now owns 7,510 shares of the oil and gas producer’s stock worth $219,000 after purchasing an additional 350 shares during the period. Strategic Wealth Partners Ltd. boosted its stake in shares of Enterprise Products Partners by 3.8% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 9,731 shares of the oil and gas producer’s stock valued at $283,000 after purchasing an additional 353 shares during the last quarter. Finally, McAdam LLC increased its position in shares of Enterprise Products Partners by 1.3% during the second quarter. McAdam LLC now owns 28,670 shares of the oil and gas producer’s stock worth $831,000 after buying an additional 372 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Performance

EPD opened at $33.29 on Wednesday. Enterprise Products Partners L.P. has a 1-year low of $25.96 and a 1-year high of $34.63. The company has a market cap of $72.16 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.74 and a beta of 1.08. The company’s fifty day moving average price is $30.27 and its two-hundred day moving average price is $29.43. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The business had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. During the same quarter in the prior year, the company earned $0.60 EPS. The company’s revenue was up 14.8% on a year-over-year basis. On average, analysts expect that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were issued a dividend of $0.525 per share. The ex-dividend date was Thursday, October 31st. This represents a $2.10 annualized dividend and a yield of 6.31%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 78.65%.

Wall Street Analyst Weigh In

EPD has been the topic of several recent analyst reports. Bank of America started coverage on shares of Enterprise Products Partners in a report on Thursday, October 17th. They issued a “buy” rating and a $35.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. US Capital Advisors upgraded shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, StockNews.com lowered shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Enterprise Products Partners presently has an average rating of “Buy” and a consensus target price of $34.00.

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.