Trade Report: Today, Smithfield Trust Co. decides to keep it stake in Enterprise Products Partners L.P. (EPD) to the level of $362,000

Today, Smithfield Trust Co. decides to keep it stake in Enterprise Products Partners L.P. (EPD) to the level of $362,000

Smithfield Trust Co. boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 22.4% during the third quarter, Holdings Channel reports. The fund owned 13,120 shares of the company’s stock after buying an additional 2,400 shares during the period. Smithfield Trust Co.’s holdings in Enterprise Products Partners L.P. were worth $362,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. WASHINGTON TRUST Co boosted its stake in shares of Enterprise Products Partners L.P. by 7.4% in the third quarter. WASHINGTON TRUST Co now owns 13,061 shares of the company’s stock worth $361,000 after buying an additional 905 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Enterprise Products Partners L.P. by 8.4% in the third quarter. Toronto Dominion Bank now owns 4,573,325 shares of the company’s stock worth $126,361,000 after buying an additional 355,900 shares during the last quarter. Hyman Charles D boosted its stake in shares of Enterprise Products Partners L.P. by 2.8% in the third quarter. Hyman Charles D now owns 14,631 shares of the company’s stock worth $404,000 after buying an additional 400 shares during the last quarter. KBC Group NV purchased a new stake in shares of Enterprise Products Partners L.P. during the third quarter worth approximately $859,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Enterprise Products Partners L.P. during the third quarter worth approximately $27,881,000. 36.23% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners L.P. (NYSE:EPD) traded up 0.12% during trading on Friday, reaching $25.76. The company’s stock had a trading volume of 1,213,002 shares. The company’s 50-day moving average is $26.00 and its 200-day moving average is $27.24. Enterprise Products Partners L.P. has a 1-year low of $19.00 and a 1-year high of $30.11. The company has a market capitalization of $54.15 billion, a P/E ratio of 20.96 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its earnings results on Thursday, October 27th. The company reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The company had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.87 billion. Enterprise Products Partners L.P. had a return on equity of 11.95% and a net margin of 11.19%. Enterprise Products Partners L.P.’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 earnings per share. Equities analysts anticipate that Enterprise Products Partners L.P. will post $1.25 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 31st were issued a $0.405 dividend. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, October 27th. This represents a $1.62 annualized dividend and a yield of 6.29%. Enterprise Products Partners L.P.’s dividend payout ratio is 131.71%.

A number of brokerages have recently commented on EPD. Ladenburg Thalmann began coverage on shares of Enterprise Products Partners L.P. in a research note on Wednesday, November 16th. They set a “buy” rating and a $30.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $32.00 target price on shares of Enterprise Products Partners L.P. in a research report on Monday, October 31st. Jefferies Group reiterated a “buy” rating and set a $33.00 target price on shares of Enterprise Products Partners L.P. in a research report on Sunday, October 16th. Vetr lowered Enterprise Products Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $30.72 target price on the stock. in a research report on Monday, October 10th. Finally, Deutsche Bank AG decreased their target price on Enterprise Products Partners L.P. from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, October 10th. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $31.62.

In other news, Director Carin Marcy Barth bought 4,000 shares of the stock in a transaction on Wednesday, November 16th. The shares were bought at an average price of $25.27 per share, with a total value of $101,080.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 37.50% of the stock is owned by company 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.

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