The Chatham Capital Group Inc. decides to keep it stake in Enterprise Products Partners L.P. (EPD) to the level of $3,695,000

The Chatham Capital Group Inc. decides to keep it stake in Enterprise Products Partners L.P. (EPD) to the level of $3,695,000

Chatham Capital Group Inc. boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 3.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 126,267 shares of the company’s stock after buying an additional 3,845 shares during the period. Enterprise Products Partners L.P. accounts for 1.1% of Chatham Capital Group Inc.’s holdings, making the stock its 28th largest position. Chatham Capital Group Inc.’s holdings in Enterprise Products Partners L.P. were worth $3,695,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Independent Portfolio Consultants Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 1.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,200 shares of the company’s stock valued at $123,000 after buying an additional 75 shares during the period. Greylin Investment Mangement Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 1.1% in the second quarter. Greylin Investment Mangement Inc. now owns 9,340 shares of the company’s stock valued at $273,000 after buying an additional 100 shares during the period. WealthTrust Axiom LLC boosted its stake in shares of Enterprise Products Partners L.P. by 0.4% in the second quarter. WealthTrust Axiom LLC now owns 24,290 shares of the company’s stock valued at $710,000 after buying an additional 106 shares during the period. Bartlett & Co. LLC boosted its stake in shares of Enterprise Products Partners L.P. by 1.3% in the second quarter. Bartlett & Co. LLC now owns 11,042 shares of the company’s stock valued at $323,000 after buying an additional 138 shares during the period. Finally, Carroll Financial Associates Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 0.8% in the second quarter. Carroll Financial Associates Inc. now owns 20,460 shares of the company’s stock valued at $598,000 after buying an additional 170 shares during the period. 35.69% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners L.P. (NYSE:EPD) traded down 1.12% on Monday, hitting $26.59. The stock had a trading volume of 3,349,412 shares. The company has a market cap of $55.62 billion, a PE ratio of 21.24 and a beta of 0.93. Enterprise Products Partners L.P. has a one year low of $19.00 and a one year high of $30.11. The stock has a 50-day moving average of $26.92 and a 200-day moving average of $27.17.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The firm had revenue of $5.62 billion for the quarter, compared to analyst estimates of $5.62 billion. Enterprise Products Partners L.P. had a net margin of 11.06% and a return on equity of 12.45%. The business’s revenue was down 20.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. Equities analysts expect that Enterprise Products Partners L.P. will post $1.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 7th. Investors of record on Monday, October 31st will be paid a dividend of $0.405 per share. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. This represents a $1.62 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date is Thursday, October 27th. Enterprise Products Partners L.P.’s dividend payout ratio is presently 128.00%.

Several equities analysts have commented on EPD shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $34.00 price target on shares of Enterprise Products Partners L.P. in a research note on Friday, July 29th. Vetr upgraded shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.33 price target on the stock in a research note on Monday, June 27th. Morgan Stanley lowered shares of Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $33.00 to $30.00 in a research note on Thursday, August 18th. Deutsche Bank AG dropped their price target on shares of Enterprise Products Partners L.P. from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, October 10th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Enterprise Products Partners L.P. in a research note on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Enterprise Products Partners L.P. has an average rating of “Buy” and an average target price of $31.94.

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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