Brown Advisory Inc. Has $5.27 Million Position in Enterprise Products Partners L.P. (EPD)

Brown Advisory Inc. cut its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 202,210 shares of the oil and gas producer’s stock after selling 11,779 shares during the period. Brown Advisory Inc.’s holdings in Enterprise Products Partners were worth $5,271,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its holdings in Enterprise Products Partners 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 holdings in Enterprise Products Partners 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. Ffcm LLC bought a new position in Enterprise Products Partners in the 3rd quarter valued at $112,000. First Eagle Investment Management LLC bought a new position in Enterprise Products Partners in the 2nd quarter valued at $130,000. Finally, Camarda Financial Advisors LLC boosted its holdings in Enterprise Products Partners 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. 37.79% of the stock is owned by institutional investors.

EPD has been the subject of several analyst reports. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners and gave the company a “buy” rating in a report on Sunday, October 15th. Jefferies Group cut their price target on shares of Enterprise Products Partners from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, September 1st. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 price target on shares of Enterprise Products Partners in a report on Friday, August 11th. BMO Capital Markets set a $33.00 price target on shares of Enterprise Products Partners and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, Seaport Global Securities initiated coverage on shares of Enterprise Products Partners in a report on Tuesday, October 10th. They issued a “neutral” rating and a $29.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Enterprise Products Partners has a consensus rating of “Buy” and a consensus price target of $30.92.

In other Enterprise Products Partners news, Director Carin Marcy Barth bought 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $25.00 per share, for a total transaction of $300,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Aj Teague bought 8,250 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was acquired at an average price of $24.26 per share, for a total transaction of $200,145.00. The disclosure for this purchase can be found here. Insiders own 37.50% of the company’s stock.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at $24.58 on Wednesday. Enterprise Products Partners L.P. has a fifty-two week low of $23.59 and a fifty-two week high of $30.25. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.96. The stock has a market cap of $54,005.54, a price-to-earnings ratio of 19.68, a PEG ratio of 3.75 and a beta of 0.89.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.4225 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.42. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date was Monday, October 30th. Enterprise Products Partners’s payout ratio is currently 135.20%.

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About Enterprise Products Partners

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 (NYSE:EPD)

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