Peregrine Asset Advisers Inc. decreased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 92.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,293 shares of the oil and gas producer’s stock after selling 98,633 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Enterprise Products Partners L.P. were worth $225,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. First Financial Corp IN boosted its position in shares of Enterprise Products Partners L.P. by 11.1% during 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 position in shares of Enterprise Products Partners L.P. during the second quarter valued at approximately $130,000. Camarda Financial Advisors LLC boosted its position in shares of Enterprise Products Partners L.P. by 0.6% during 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. Intellectus Partners LLC boosted its position in shares of Enterprise Products Partners L.P. by 8.0% during 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. Finally, Jacobi Capital Management LLC boosted its position in shares of Enterprise Products Partners L.P. by 690.9% during 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. 37.55% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/09/23/peregrine-asset-advisers-inc-has-225000-position-in-enterprise-products-partners-l-p-epd.html.

EPD has been the topic of several analyst reports. Jefferies Group LLC cut 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 report on Friday, September 1st. 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 report on Thursday, June 15th. BMO Capital Markets set a $33.00 target price on Enterprise Products Partners L.P. and gave the company a “buy” rating in a research report on Monday, June 5th. 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. Finally, BidaskClub raised Enterprise Products Partners L.P. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $31.30.

Shares of Enterprise Products Partners L.P. (EPD) opened at 25.90 on Friday. The company has a market capitalization of $55.63 billion, a price-to-earnings ratio of 20.38 and a beta of 0.90. The firm has a 50 day moving average price of $25.99 and a 200 day moving average price of $26.89. Enterprise Products Partners L.P. has a 52 week low of $24.01 and a 52 week high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). The firm had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share. Equities analysts forecast that Enterprise Products Partners L.P. will post $1.35 EPS for the current year.

Enterprise Products Partners L.P. 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.

Want to see what other hedge funds are holding EPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Products Partners L.P. (NYSE:EPD).

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

Receive News & Ratings for Enterprise Products Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.