WESPAC Advisors LLC purchased a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, Holdings Channel reports. The fund purchased 7,542 shares of the company’s stock, valued at approximately $221,000.

A number of other institutional investors have also made changes to their positions in the stock. Kelman Lazarov Inc. boosted its position in shares of Enterprise Products Partners L.P. by 34.1% in the second quarter. Kelman Lazarov Inc. now owns 4,134 shares of the company’s stock valued at $120,000 after buying an additional 1,052 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in shares of Enterprise Products Partners L.P. by 1.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,200 shares of the company’s stock valued at $123,000 after buying an additional 75 shares during the last quarter. Trust Department MB Financial Bank N A boosted its position in shares of Enterprise Products Partners L.P. by 66.7% in the second quarter. Trust Department MB Financial Bank N A now owns 4,748 shares of the company’s stock valued at $142,000 after buying an additional 1,900 shares during the last quarter. RPg Family Wealth Advisory LLC boosted its position in shares of Enterprise Products Partners L.P. by 4.2% in the first quarter. RPg Family Wealth Advisory LLC now owns 5,000 shares of the company’s stock valued at $123,000 after buying an additional 200 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. acquired a new position in shares of Enterprise Products Partners L.P. during the first quarter valued at $162,000. 35.67% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners L.P. (NYSE:EPD) traded up 1.28% on Thursday, reaching $27.66. 4,347,954 shares of the company were exchanged. The firm has a 50-day moving average of $26.84 and a 200 day moving average of $26.86. The firm has a market capitalization of $57.85 billion, a P/E ratio of 22.09 and a beta of 0.92. Enterprise Products Partners L.P. has a 12-month low of $19.00 and a 12-month high of $30.11.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.04. The business earned $5.62 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Enterprise Products Partners L.P. had a return on equity of 12.45% and a net margin of 11.06%. Enterprise Products Partners L.P.’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. On average, equities analysts predict that Enterprise Products Partners L.P. will post $1.25 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. Howard Weil assumed coverage on shares of Enterprise Products Partners L.P. in a research report on Wednesday, June 1st. They issued a “sector outperform” rating and a $31.00 price target on the stock. Vetr cut shares of Enterprise Products Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $30.88 price target on the stock. in a research report on Wednesday, May 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, July 29th. Wunderlich dropped their price target on shares of Enterprise Products Partners L.P. from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, August 31st. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Enterprise Products Partners L.P. in a research report on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.89.

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.

5 Day Chart for NYSE:EPD

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