Massachusetts Financial Services Co. MA Has $314.13 Million Position in Enterprise Products Partners L.P. (EPD)

Massachusetts Financial Services Co. MA raised its position in Enterprise Products Partners L.P. (NYSE:EPD) by 0.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,377,319 shares of the oil and gas producer’s stock after buying an additional 3,344 shares during the period. Massachusetts Financial Services Co. MA owned about 0.54% of Enterprise Products Partners L.P. worth $314,128,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in EPD. Dubuque Bank & Trust Co. raised its position in Enterprise Products Partners L.P. by 222.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,790 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 2,615 shares in the last quarter. Baystate Wealth Management LLC increased its stake in Enterprise Products Partners L.P. by 1,050.7% in the first quarter. Baystate Wealth Management LLC now owns 4,361 shares of the oil and gas producer’s stock valued at $122,000 after buying an additional 3,982 shares in the last quarter. Crestwood Advisors Group LLC acquired a new stake in Enterprise Products Partners L.P. during the first quarter valued at about $140,000. Intellectus Partners LLC increased its stake in Enterprise Products Partners L.P. by 8.0% in the first quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock valued at $149,000 after buying an additional 399 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. increased its stake in Enterprise Products Partners L.P. by 6.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 7,000 shares of the oil and gas producer’s stock valued at $193,000 after buying an additional 405 shares in the last quarter. Institutional investors own 38.59% of the company’s stock.

Enterprise Products Partners L.P. (EPD) traded down 0.97% during mid-day trading on Friday, reaching $26.58. 2,940,238 shares of the company traded hands. The stock has a 50 day moving average price of $27.02 and a 200-day moving average price of $27.50. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25. The company has a market capitalization of $56.78 billion, a P/E ratio of 21.52 and a beta of 0.89.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.03. The company had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.11% and a net margin of 10.28%. The company’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 EPS. Analysts expect that Enterprise Products Partners L.P. will post $1.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 7th. Stockholders of record on Monday, July 31st will be paid a $0.42 dividend. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, July 27th. This represents a $1.68 annualized dividend and a dividend yield of 6.32%. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 132.28%.

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Several equities research analysts have issued reports on EPD shares. BidaskClub upgraded shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Scotiabank set a $33.00 target price on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a research note on Friday, July 21st. Macquarie restated an “outperform” rating and issued a $32.00 target price on shares of Enterprise Products Partners L.P. in a research note on Friday, April 21st. Guggenheim initiated coverage on shares of Enterprise Products Partners L.P. in a research note on Monday, April 17th. They issued a “buy” rating and a $32.00 target price for the company. Finally, Vetr upgraded shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 target price for the company in a research note on Monday, April 24th. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $31.81.

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.