Fmr LLC Has $87.34 Million Position in Enterprise Products Partners L.P. (EPD)

Fmr LLC increased its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 39.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,225,400 shares of the oil and gas producer’s stock after buying an additional 920,400 shares during the quarter. Fmr LLC owned about 0.15% of Enterprise Products Partners L.P. worth $87,344,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Segment Wealth Management LLC lifted its position in Enterprise Products Partners L.P. by 12.4% in the second quarter. Segment Wealth Management LLC now owns 301,824 shares of the oil and gas producer’s stock worth $7,469,000 after buying an additional 33,332 shares during the last quarter. D.A. Davidson & CO. lifted its position in Enterprise Products Partners L.P. by 2.6% in the second quarter. D.A. Davidson & CO. now owns 319,133 shares of the oil and gas producer’s stock worth $8,642,000 after buying an additional 7,979 shares during the last quarter. Pathstone Family Office LLC bought a new stake in Enterprise Products Partners L.P. in the second quarter worth $198,000. Rafferty Asset Management LLC lifted its position in Enterprise Products Partners L.P. by 1.0% in the second quarter. Rafferty Asset Management LLC now owns 117,461 shares of the oil and gas producer’s stock worth $3,181,000 after buying an additional 1,177 shares during the last quarter. Finally, Acrospire Investment Management LLC lifted its position in Enterprise Products Partners L.P. by 571.4% in the second quarter. Acrospire Investment Management LLC now owns 5,640 shares of the oil and gas producer’s stock worth $153,000 after buying an additional 4,800 shares during the last quarter. Institutional investors own 37.56% of the company’s stock.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.80 on Thursday. The stock’s 50 day moving average price is $26.10 and its 200 day moving average price is $26.75. 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 $57.57 billion, a P/E ratio of 21.09 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its quarterly 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 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 analyst estimates of $6.44 billion. During the same period last year, the company earned $0.27 EPS. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post $1.34 earnings per share for the current fiscal year.

EPD has been the subject of a number of analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $30.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, August 11th. Scotiabank set a $33.00 price target on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Friday, July 21st. BMO Capital Markets restated a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a research report on Wednesday, July 12th. Jefferies Group LLC lowered their price target on 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. Finally, BidaskClub upgraded Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $30.99.

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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.

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

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