Narwhal Capital Management increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,275 shares of the company’s stock after buying an additional 2,000 shares during the period. Narwhal Capital Management’s holdings in Enterprise Products Partners L.P. were worth $1,354,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of EPD. Kelman Lazarov Inc. increased 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 worth $120,000 after buying an additional 1,052 shares during the last quarter. Independent Portfolio Consultants Inc. increased 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 worth $123,000 after buying an additional 75 shares during the last quarter. Trust Department MB Financial Bank N A increased 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 worth $142,000 after buying an additional 1,900 shares during the last quarter. RPg Family Wealth Advisory LLC increased 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 worth $123,000 after buying an additional 200 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. bought a new position in shares of Enterprise Products Partners L.P. during the first quarter worth $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% during trading on Thursday, hitting $27.66. The company had a trading volume of 4,347,954 shares. The company has a market capitalization of $57.85 billion, a price-to-earnings ratio of 22.09 and a beta of 0.92. Enterprise Products Partners L.P. has a one year low of $19.00 and a one year high of $30.11. The stock has a 50-day moving average of $26.84 and a 200 day moving average of $26.86.

Enterprise Products Partners L.P. (NYSE:EPD) last released its earnings results on Thursday, July 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.04. Enterprise Products Partners L.P. had a return on equity of 12.45% and a net margin of 11.06%. The company had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the previous year, the company posted $0.34 EPS. The business’s revenue was down 20.8% on a year-over-year basis. Equities analysts forecast that Enterprise Products Partners L.P. will post $1.25 EPS for the current fiscal year.

A number of brokerages recently weighed in on EPD. Howard Weil began coverage on Enterprise Products Partners L.P. in a research note on Wednesday, June 1st. They issued a “sector outperform” rating and a $31.00 price objective on the stock. Vetr downgraded Enterprise Products Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $30.88 price objective on the stock. in a research note on Wednesday, May 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.00 target price on shares of Enterprise Products Partners L.P. in a report on Friday, July 29th. Wunderlich lowered their target price on Enterprise Products Partners L.P. from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, August 31st. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Enterprise Products Partners L.P. in a report on Friday, July 29th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $31.89.

About Enterprise Products Partners L.P.

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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