National Asset Management Inc. Has $2.55 Million Position in Enterprise Products Partners L.P. (EPD)

National Asset Management Inc. increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,147 shares of the oil and gas producer’s stock after purchasing an additional 1,366 shares during the quarter. National Asset Management Inc.’s holdings in Enterprise Products Partners L.P. were worth $2,550,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in EPD. Karp Capital Management Corp purchased a new position in Enterprise Products Partners L.P. during the first quarter worth about $502,000. Financial Advisory Service Inc. boosted its holdings in Enterprise Products Partners L.P. by 7.5% during the first quarter. Financial Advisory Service Inc. now owns 9,907 shares of the oil and gas producer’s stock worth $274,000 after purchasing an additional 688 shares during the last quarter. Asset Planning Services Inc. LA ADV boosted its holdings in Enterprise Products Partners L.P. by 0.9% during the first quarter. Asset Planning Services Inc. LA ADV now owns 103,055 shares of the oil and gas producer’s stock worth $2,845,000 after purchasing an additional 880 shares during the last quarter. Smith Moore & CO. boosted its holdings in Enterprise Products Partners L.P. by 2.5% during the first quarter. Smith Moore & CO. now owns 17,993 shares of the oil and gas producer’s stock worth $497,000 after purchasing an additional 440 shares during the last quarter. Finally, Intellectus Partners LLC boosted its holdings in Enterprise Products Partners L.P. by 8.0% during the first 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 last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

A number of research analysts have weighed in on the stock. BidaskClub cut shares of Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 target price on shares of Enterprise Products Partners L.P. in a research note on Friday, August 11th. 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 target price on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of Enterprise Products Partners L.P. in a research note on Thursday, August 10th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $31.00 target price (down from $33.00) on shares of Enterprise Products Partners L.P. in a research note on Friday, August 4th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given 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. (NYSE:EPD) traded down 0.63% during mid-day trading on Thursday, reaching $26.63. 1,594,819 shares of the company were exchanged. The stock has a 50 day moving average of $26.10 and a 200-day moving average of $26.75. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The stock has a market capitalization of $57.20 billion, a price-to-earnings ratio of 20.95 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share 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 firm had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same period in the prior year, the firm earned $0.27 EPS. Enterprise Products Partners L.P.’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities analysts expect that Enterprise Products Partners L.P. will post $1.34 earnings per share for the current fiscal year.

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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