Public Employees Retirement System of Ohio Continues to Hold Position in Enterprise Products Partners L.P. (NYSE:EPD)

Public Employees Retirement System of Ohio maintained its position in Enterprise Products Partners L.P. (NYSE:EPD) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 37,444 shares of the oil and gas producer’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in Enterprise Products Partners L.P. were worth $1,034,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of EPD. Day & Ennis LLC boosted its stake in shares of Enterprise Products Partners L.P. by 0.3% in the first quarter. Day & Ennis LLC now owns 8,057 shares of the oil and gas producer’s stock worth $222,000 after buying an additional 26 shares during the last quarter. Focused Wealth Management Inc boosted its stake in shares of Enterprise Products Partners L.P. by 0.3% in the first quarter. Focused Wealth Management Inc now owns 11,788 shares of the oil and gas producer’s stock worth $325,000 after buying an additional 33 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 0.5% in the first quarter. Sunbelt Securities Inc. now owns 8,124 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 40 shares during the last quarter. Trust Co boosted its stake in shares of Enterprise Products Partners L.P. by 0.4% in the fourth quarter. Trust Co now owns 10,808 shares of the oil and gas producer’s stock worth $292,000 after buying an additional 45 shares during the last quarter. Finally, BKD Wealth Advisors LLC boosted its stake in shares of Enterprise Products Partners L.P. by 0.6% in the first quarter. BKD Wealth Advisors LLC now owns 8,639 shares of the oil and gas producer’s stock worth $239,000 after buying an additional 51 shares during the last quarter. Institutional investors own 38.83% of the company’s stock.

Enterprise Products Partners L.P. (NYSE:EPD) traded down 2.30% during mid-day trading on Tuesday, hitting $25.11. 7,123,780 shares of the company traded hands. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The firm has a market capitalization of $53.94 billion, a P/E ratio of 19.76 and a beta of 0.89. The firm has a 50 day moving average of $27.01 and a 200 day moving average of $27.38.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The firm had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. Equities research analysts expect that Enterprise Products Partners L.P. will post $1.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Monday, July 31st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.68 annualized dividend and a dividend yield of 6.69%. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s dividend payout ratio is 132.28%.

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A number of equities research analysts have recently issued reports on EPD shares. BMO Capital Markets set a $33.00 target price on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Monday, June 5th. Guggenheim started coverage on shares of Enterprise Products Partners L.P. in a report on Monday, April 17th. They issued a “buy” rating and a $32.00 price target on the stock. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Friday, July 21st. Stifel Nicolaus reissued a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, July 14th. Finally, BidaskClub raised shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $31.62.

Enterprise Products Partners L.P. Company Profile

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.