25,379 Enterprise Products Partners L.P. $EPD Shares Bought by CoreCap Advisors LLC

CoreCap Advisors LLC increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 15.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 192,743 shares of the oil and gas producer’s stock after acquiring an additional 25,379 shares during the period. CoreCap Advisors LLC’s holdings in Enterprise Products Partners were worth $6,864,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of EPD. RFG Advisory LLC increased its position in shares of Enterprise Products Partners by 1.3% during the 2nd quarter. RFG Advisory LLC now owns 21,636 shares of the oil and gas producer’s stock worth $795,000 after purchasing an additional 268 shares during the last quarter. Sigma Planning Corp boosted its holdings in shares of Enterprise Products Partners by 0.8% in the 2nd quarter. Sigma Planning Corp now owns 35,270 shares of the oil and gas producer’s stock valued at $1,297,000 after buying an additional 270 shares during the last quarter. Everest Financial Group LLC grew its stake in shares of Enterprise Products Partners by 3.6% in the first quarter. Everest Financial Group LLC now owns 7,886 shares of the oil and gas producer’s stock valued at $298,000 after buying an additional 271 shares in the last quarter. Renasant Bank increased its holdings in Enterprise Products Partners by 1.3% during the second quarter. Renasant Bank now owns 21,160 shares of the oil and gas producer’s stock worth $778,000 after buying an additional 271 shares during the last quarter. Finally, Walker Asset Management LLC increased its holdings in Enterprise Products Partners by 1.4% during the second quarter. Walker Asset Management LLC now owns 20,256 shares of the oil and gas producer’s stock worth $745,000 after buying an additional 282 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Performance

EPD stock traded down $0.10 during midday trading on Thursday, reaching $36.81. 3,342,976 shares of the company were exchanged, compared to its average volume of 3,864,493. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.93 and a quick ratio of 0.66. The business has a 50-day moving average price of $38.12 and a two-hundred day moving average price of $37.94. Enterprise Products Partners L.P. has a one year low of $30.01 and a one year high of $40.17. The firm has a market capitalization of $79.50 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. The company had revenue of $18.27 billion for the quarter, compared to analyst estimates of $13.69 billion. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. The company’s revenue was up 60.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 earnings per share. Equities research analysts forecast that Enterprise Products Partners L.P. will post 3.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EPD. Capital One Financial started coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 22nd. They issued an “equal weight” rating and a $42.00 price target for the company. Weiss Ratings lowered shares of Enterprise Products Partners from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. Wall Street Zen cut shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 3rd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $38.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, June 17th. Finally, UBS Group reiterated a “buy” rating and set a $45.00 price target on shares of Enterprise Products Partners in a report on Wednesday, June 17th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.12.

Enterprise Products Partners Profile

Enterprise Products Partners L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure in the United States. The company transports, stores, processes and exports oil, natural gas, natural gas liquids (NGLs), refined products and petrochemicals.

Its operations include pipelines, natural gas processing plants, NGL fractionation facilities, underground storage, marine terminals and export infrastructure. Enterprise serves producers, refiners, petrochemical manufacturers, utilities and other energy customers by connecting major producing regions with domestic and international markets.

Enterprise Products Partners was founded in 1968 and is headquartered in Houston, Texas.