LVW Advisors LLC trimmed its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 9.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 44,502 shares of the oil and gas producer’s stock after selling 4,375 shares during the period. LVW Advisors LLC’s holdings in Enterprise Products Partners L.P. were worth $1,205,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EPD. First Financial Corp IN raised its holdings in shares of Enterprise Products Partners L.P. by 11.1% in the second quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock valued at $108,000 after buying an additional 400 shares during the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Enterprise Products Partners L.P. in the second quarter valued at about $130,000. Camarda Financial Advisors LLC raised its holdings in shares of Enterprise Products Partners L.P. by 0.6% in the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock valued at $131,000 after buying an additional 27 shares during the last quarter. Jacobi Capital Management LLC raised its holdings in shares of Enterprise Products Partners L.P. by 690.9% in the second quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock valued at $148,000 after buying an additional 4,760 shares during the last quarter. Finally, Intellectus Partners LLC raised its holdings in shares of Enterprise Products Partners L.P. by 8.0% in the first quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock valued at $149,000 after buying an additional 399 shares during the last quarter. 37.55% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on EPD. BidaskClub cut shares of Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $30.00 target price on shares of Enterprise Products Partners L.P. in a report on Friday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Enterprise Products Partners L.P. in a report on Thursday, August 10th. Barclays PLC reaffirmed an “overweight” rating and issued a $31.00 target price (down from $33.00) on shares of Enterprise Products Partners L.P. in a report on Friday, August 4th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $33.00 target price on shares of Enterprise Products Partners L.P. in a report on Wednesday, July 12th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Enterprise Products Partners L.P. presently has an average rating of “Buy” and an average price target of $31.30.

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Enterprise Products Partners L.P. (NYSE EPD) opened at 25.88 on Friday. Enterprise Products Partners L.P. has a 12-month low of $24.01 and a 12-month high of $30.25. The stock has a market capitalization of $55.59 billion, a PE ratio of 20.36 and a beta of 0.90. The company’s 50-day moving average is $25.99 and its 200 day moving average is $26.89.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). The firm had revenue of $6.61 billion during 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 revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, analysts predict that Enterprise Products Partners L.P. will post $1.35 EPS for the current year.

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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Institutional Ownership by Quarter for Enterprise Products Partners L.P. (NYSE:EPD)

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