Todays Report: Today, Enterprise Products Partners L.P. (EPD) Stake Held by AMG National Trust Bank

Today, Enterprise Products Partners L.P. (EPD) Stake Held by AMG National Trust Bank

AMG National Trust Bank maintained its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,720 shares of the company’s stock at the end of the third quarter. AMG National Trust Bank’s holdings in Enterprise Products Partners L.P. were worth $600,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can bought a new position in shares of Enterprise Products Partners L.P. during the second quarter worth approximately $204,184,000. ING Groep NV raised its position in shares of Enterprise Products Partners L.P. by 34.5% in the second quarter. ING Groep NV now owns 16,170,780 shares of the company’s stock worth $472,995,000 after buying an additional 4,147,645 shares during the period. Alps Advisors Inc. raised its position in shares of Enterprise Products Partners L.P. by 13.9% in the third quarter. Alps Advisors Inc. now owns 33,912,854 shares of the company’s stock worth $937,012,000 after buying an additional 4,129,099 shares during the period. Toronto Dominion Bank raised its position in shares of Enterprise Products Partners L.P. by 733.3% in the second quarter. Toronto Dominion Bank now owns 4,217,425 shares of the company’s stock worth $123,402,000 after buying an additional 3,711,300 shares during the period. Finally, American Century Companies Inc. bought a new position in shares of Enterprise Products Partners L.P. during the second quarter worth approximately $103,798,000. Institutional investors and hedge funds own 36.23% of the company’s stock.

Enterprise Products Partners L.P. (NYSE:EPD) traded up 0.12% during midday trading on Friday, hitting $25.76. 1,213,002 shares of the stock traded hands. Enterprise Products Partners L.P. has a 52 week low of $19.00 and a 52 week high of $30.11. The company has a market capitalization of $54.15 billion, a price-to-earnings ratio of 20.96 and a beta of 0.90. The stock’s 50-day moving average price is $26.00 and its 200 day moving average price is $27.24.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. The company earned $5.92 billion during the quarter, compared to analysts’ expectations of $5.87 billion. Enterprise Products Partners L.P. had a net margin of 11.19% and a return on equity of 11.95%. Enterprise Products Partners L.P.’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 earnings per share. On average, equities research analysts predict that Enterprise Products Partners L.P. will post $1.25 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 31st were given a dividend of $0.405 per share. The ex-dividend date was Thursday, October 27th. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. This represents a $1.62 annualized dividend and a yield of 6.30%. Enterprise Products Partners L.P.’s payout ratio is presently 131.71%.

A number of research analysts recently commented on EPD shares. Vetr lowered shares of Enterprise Products Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $30.72 price target on the stock. in a research note on Monday, October 10th. Credit Suisse Group AG set a $34.00 price objective on shares of Enterprise Products Partners L.P. and gave the company a “hold” rating in a report on Thursday, August 18th. Evercore ISI assumed coverage on shares of Enterprise Products Partners L.P. in a report on Thursday, September 15th. They issued a “buy” rating and a $30.00 price objective for the company. Morgan Stanley downgraded shares of Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $33.00 to $30.00 in a report on Thursday, August 18th. Finally, Wolfe Research assumed coverage on shares of Enterprise Products Partners L.P. in a report on Friday, October 7th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $31.62.

In related news, Director Carin Marcy Barth bought 4,000 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was acquired at an average cost of $25.27 per share, for a total transaction of $101,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 37.50% of the company’s stock.

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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