Enterprise Products Partners L.P. (EPD) Position Boosted by Laurel Wealth Advisors Inc.

Laurel Wealth Advisors Inc. increased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 1.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 21,334 shares of the oil and gas producer’s stock after purchasing an additional 350 shares during the period. Laurel Wealth Advisors Inc.’s holdings in Enterprise Products Partners L.P. were worth $577,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. First Financial Corp IN boosted its stake in Enterprise Products Partners L.P. by 11.1% in the 2nd quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock worth $108,000 after purchasing an additional 400 shares during the period. First Eagle Investment Management LLC acquired a new position in Enterprise Products Partners L.P. in the 2nd quarter worth approximately $130,000. Camarda Financial Advisors LLC boosted its stake in Enterprise Products Partners L.P. by 0.6% in the 2nd quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after purchasing an additional 27 shares during the period. Jacobi Capital Management LLC boosted its stake in Enterprise Products Partners L.P. by 690.9% in the 2nd quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock worth $148,000 after purchasing an additional 4,760 shares during the period. Finally, Intellectus Partners LLC boosted its stake in Enterprise Products Partners L.P. by 8.0% in the 1st quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock worth $149,000 after purchasing an additional 399 shares during the period. 37.56% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the stock. Seaport Global Securities assumed coverage on shares of Enterprise Products Partners L.P. in a research note on Tuesday. They issued a “neutral” rating and a $29.00 price objective for the company. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 target price on shares of Enterprise Products Partners L.P. in a research report on Friday, September 15th. Jefferies Group LLC cut their target price on shares of Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, September 1st. BidaskClub upgraded shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Enterprise Products Partners L.P. in a research report on Thursday, August 10th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $31.07.

Enterprise Products Partners L.P. (NYSE:EPD) traded up 0.08% on Tuesday, hitting $26.42. 1,011,304 shares of the stock were exchanged. The company has a 50 day moving average of $26.02 and a 200 day moving average of $26.76. The stock has a market capitalization of $56.75 billion, a P/E ratio of 20.79 and a beta of 0.91. 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 announced its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the previous year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post $1.35 earnings per share for the current fiscal year.

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Enterprise Products Partners L.P. 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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