Stephens Inc. AR lifted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 209,982 shares of the oil and gas producer’s stock after buying an additional 2,841 shares during the period. Stephens Inc. AR’s holdings in Enterprise Products Partners L.P. were worth $5,686,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of EPD. Principal Financial Group Inc. bought a new stake in shares of Enterprise Products Partners L.P. in the second quarter valued at approximately $143,325,000. Commonwealth Bank of Australia boosted its stake in shares of Enterprise Products Partners L.P. by 182.9% in the second quarter. Commonwealth Bank of Australia now owns 6,136,898 shares of the oil and gas producer’s stock valued at $166,186,000 after buying an additional 3,967,879 shares during the period. BlackRock Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 5,083.2% in the first quarter. BlackRock Inc. now owns 3,225,992 shares of the oil and gas producer’s stock valued at $89,069,000 after buying an additional 3,163,753 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 38.0% in the first quarter. Ameriprise Financial Inc. now owns 7,334,276 shares of the oil and gas producer’s stock valued at $202,351,000 after buying an additional 2,018,930 shares during the period. Finally, Beach Investment Management LLC. lifted its stake in Enterprise Products Partners L.P. by 1,922.5% during the second quarter. Beach Investment Management LLC. now owns 1,920,324 shares of the oil and gas producer’s stock worth $52,002,000 after purchasing an additional 1,825,374 shares during the last quarter. Institutional investors and hedge funds own 37.55% of the company’s stock.

Several research firms have weighed in on EPD. BidaskClub cut Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Stifel Nicolaus restated 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. Sanford C. Bernstein restated an “outperform” rating on shares of Enterprise Products Partners L.P. in a research note on Thursday, August 10th. Barclays PLC restated an “overweight” rating and set a $31.00 target price (down from $33.00) on shares of Enterprise Products Partners L.P. in a research note on Friday, August 4th. Finally, BMO Capital Markets restated a “buy” rating and set a $33.00 target price on shares of Enterprise Products Partners L.P. in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. 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 25.90 on Friday. The stock’s 50 day moving average is $25.99 and its 200 day moving average is $26.89. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The firm has a market capitalization of $55.63 billion, a P/E ratio of 20.38 and a beta of 0.90.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The company had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the prior year, the firm posted $0.27 earnings per share. The business’s revenue was up 17.6% on a year-over-year basis. On average, equities research analysts predict 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.

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

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