Enterprise Products Partners L.P. (EPD) Shares Sold by Airain ltd

Airain ltd lowered its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 28.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,536 shares of the oil and gas producer’s stock after selling 15,084 shares during the period. Airain ltd’s holdings in Enterprise Products Partners L.P. were worth $1,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EPD. First Financial Corp IN raised its holdings in shares of Enterprise Products Partners L.P. by 11.1% in the second quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock worth $108,000 after buying an additional 400 shares during the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Enterprise Products Partners L.P. in the second quarter worth $130,000. Camarda Financial Advisors LLC raised its holdings in shares of Enterprise Products Partners L.P. by 0.6% in the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after buying an additional 27 shares during the last quarter. Intellectus Partners LLC raised its holdings in shares of 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 worth $149,000 after buying an additional 399 shares during the last quarter. Finally, Archford Capital Strategies LLC raised its holdings in shares of Enterprise Products Partners L.P. by 42.4% in the first quarter. Archford Capital Strategies LLC now owns 6,959 shares of the oil and gas producer’s stock worth $192,000 after buying an additional 2,071 shares during the last quarter. 37.85% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners L.P. (EPD) opened at 26.25 on Monday. The stock has a market cap of $56.39 billion, a PE ratio of 20.65 and a beta of 0.90. The company’s 50 day moving average is $26.23 and its 200 day moving average is $27.02. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by $0.03. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The business had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter last year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities research analysts expect that Enterprise Products Partners L.P. will post $1.36 EPS for the current year.

EPD has been the subject of a number of research analyst reports. Jefferies Group LLC decreased their price target on shares of Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, September 1st. BidaskClub raised shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Barclays PLC reaffirmed an “overweight” rating and issued a $31.00 price target (down previously from $33.00) on shares of Enterprise Products Partners L.P. in a report on Friday, August 4th. Sanford C. Bernstein initiated coverage on shares of Enterprise Products Partners L.P. in a report on Tuesday, May 16th. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus reaffirmed 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. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $31.39.

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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.

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Institutional Ownership by Quarter for Enterprise Products Partners L.P. (NYSE:EPD)

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