Baldwin Investment Management LLC trimmed its position in Enterprise Products Partners L.P. (NYSE:EPD) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,000 shares of the oil and gas producer’s stock after selling 800 shares during the period. Enterprise Products Partners L.P. comprises 1.0% of Baldwin Investment Management LLC’s portfolio, making the stock its 5th biggest holding. Baldwin Investment Management LLC’s holdings in Enterprise Products Partners L.P. were worth $2,491,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS raised its stake in shares of Enterprise Products Partners L.P. by 16.7% in the first quarter. Kornitzer Capital Management Inc. KS now owns 23,750 shares of the oil and gas producer’s stock worth $656,000 after buying an additional 3,400 shares during the period. Geneva Advisors LLC raised its stake in shares of Enterprise Products Partners L.P. by 13.1% in the first quarter. Geneva Advisors LLC now owns 1,626,257 shares of the oil and gas producer’s stock worth $44,901,000 after buying an additional 187,930 shares during the period. Cascade Investment Advisors Inc. raised its stake in shares of Enterprise Products Partners L.P. by 1.3% in the first quarter. Cascade Investment Advisors Inc. now owns 31,540 shares of the oil and gas producer’s stock worth $871,000 after buying an additional 410 shares during the period. Cedar Wealth Management LLC raised its stake in shares of Enterprise Products Partners L.P. by 5.5% in the first quarter. Cedar Wealth Management LLC now owns 11,700 shares of the oil and gas producer’s stock worth $323,000 after buying an additional 610 shares during the period. Finally, Usca Ria LLC raised its stake in shares of Enterprise Products Partners L.P. by 1.0% in the first quarter. Usca Ria LLC now owns 505,890 shares of the oil and gas producer’s stock worth $13,968,000 after buying an additional 5,076 shares during the period. 37.85% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on EPD shares. BidaskClub raised Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Scotiabank set a $33.00 target price on Enterprise Products Partners L.P. and gave the company a “buy” rating in a research note on Friday, July 21st. Jefferies Group LLC decreased their target price on Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, September 1st. Stifel Nicolaus reissued a “buy” rating and set a $30.00 target price on shares of Enterprise Products Partners L.P. in a research note on Friday, August 11th. Finally, Morgan Stanley raised Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $26.37 to $26.50 in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $31.39.

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Enterprise Products Partners L.P. (EPD) opened at 26.18 on Friday. The stock has a 50 day moving average price of $26.08 and a 200-day moving average price of $26.95. 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 cap of $56.24 billion, a PE ratio of 20.60 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 EPS 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 company had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same period in the prior year, the business posted $0.27 EPS. Enterprise Products Partners L.P.’s revenue for the quarter was up 17.6% compared to the same quarter last year. Equities research analysts expect that Enterprise Products Partners L.P. will post $1.35 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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