Artemis Investment Management LLP maintained its stake in Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,474 shares of the oil and gas producer’s stock at the close of the second quarter. Artemis Investment Management LLP’s holdings in Enterprise Products Partners L.P. were worth $880,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Day & Ennis LLC boosted its holdings in shares of Enterprise Products Partners L.P. by 0.3% in the 1st quarter. Day & Ennis LLC now owns 8,057 shares of the oil and gas producer’s stock worth $222,000 after buying an additional 26 shares during the last quarter. Camarda Financial Advisors LLC boosted its holdings 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. Focused Wealth Management Inc boosted its holdings in shares of Enterprise Products Partners L.P. by 0.3% in the 1st quarter. Focused Wealth Management Inc now owns 11,788 shares of the oil and gas producer’s stock worth $325,000 after buying an additional 33 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Enterprise Products Partners L.P. by 0.5% in the 1st quarter. Sunbelt Securities Inc. now owns 8,124 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 40 shares during the last quarter. Finally, Patten & Patten Inc. TN boosted its holdings in shares of Enterprise Products Partners L.P. by 0.5% in the 2nd quarter. Patten & Patten Inc. TN now owns 9,487 shares of the oil and gas producer’s stock worth $257,000 after buying an additional 44 shares during the last quarter. 37.85% of the stock is currently owned by institutional investors.

EPD has been the topic of a number of research analyst reports. BidaskClub raised shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Scotiabank set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Friday, July 21st. Jefferies Group LLC dropped their price objective on shares of Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $30.00 price objective on shares of Enterprise Products Partners L.P. in a report on Friday, August 11th. Finally, Morgan Stanley raised shares of Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $26.37 to $26.50 in a report on Thursday, June 15th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Enterprise Products Partners L.P. currently has a consensus rating of “Buy” and an average price target of $31.49.

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Shares of Enterprise Products Partners L.P. (EPD) opened at 26.11 on Friday. The company has a market capitalization of $56.08 billion, a PE ratio of 20.54 and a beta of 0.90. The stock’s 50 day moving average price is $26.05 and its 200 day moving average price is $26.94. Enterprise Products Partners L.P. has a 12 month low of $24.01 and a 12 month high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $6.44 billion. During the same period in the previous year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts forecast 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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