Ray Gerald L & Associates Ltd. raised its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 191,717 shares of the oil and gas producer’s stock after buying an additional 8,090 shares during the quarter. Ray Gerald L & Associates Ltd.’s holdings in Enterprise Products Partners L.P. were worth $5,191,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First Financial Corp IN grew its position in shares of Enterprise Products Partners L.P. by 11.1% in the 2nd quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock worth $108,000 after buying an additional 400 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Enterprise Products Partners L.P. in the 2nd quarter worth approximately $130,000. Camarda Financial Advisors LLC grew its position in shares of Enterprise Products Partners L.P. by 0.6% in the 2nd quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after buying an additional 27 shares during the last quarter. Intellectus Partners LLC grew its position in shares of Enterprise Products Partners L.P. by 8.0% in the 1st quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock worth $149,000 after buying an additional 399 shares during the last quarter. Finally, Archford Capital Strategies LLC grew its position in shares of Enterprise Products Partners L.P. by 42.4% in the 1st quarter. Archford Capital Strategies LLC now owns 6,959 shares of the oil and gas producer’s stock worth $192,000 after buying an additional 2,071 shares during the last quarter. Hedge funds and other institutional investors own 37.85% of the company’s stock.

EPD has been the topic of a number of recent analyst reports. BMO Capital Markets set a $33.00 price objective on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Monday, June 5th. Morgan Stanley upgraded Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $26.37 to $26.50 in a research report on Thursday, June 15th. BidaskClub upgraded Enterprise Products Partners L.P. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, July 14th. Finally, Scotiabank set a $33.00 price objective on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Friday, July 21st. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $31.39.

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Enterprise Products Partners L.P. (NYSE EPD) opened at 26.15 on Thursday. The stock has a market cap of $56.17 billion, a PE ratio of 20.57 and a beta of 0.90. The stock has a 50 day moving average price of $26.16 and a 200-day moving average price of $26.97. Enterprise Products Partners L.P. has a 1-year low of $24.01 and a 1-year high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last released its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The business had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. On average, equities analysts expect that Enterprise Products Partners L.P. will post $1.35 EPS for the current 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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