Dorsey & Whitney Trust CO LLC reduced its position in Enterprise Products Partners L.P. (NYSE:EPD) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,569 shares of the oil and gas producer’s stock after selling 924 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Enterprise Products Partners L.P. were worth $746,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. First Financial Corp IN lifted its position in 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 worth $108,000 after purchasing an additional 400 shares during the period. First Eagle Investment Management LLC bought a new position in Enterprise Products Partners L.P. in the second quarter worth $130,000. Camarda Financial Advisors LLC lifted its position in 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 worth $131,000 after purchasing an additional 27 shares during the period. Intellectus Partners LLC lifted its position in 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 worth $149,000 after purchasing an additional 399 shares during the period. Finally, Jacobi Capital Management LLC lifted its position in 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 worth $148,000 after purchasing an additional 4,760 shares during the period. 37.55% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts recently commented on EPD shares. Jefferies Group LLC reduced their target price on Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating for the company 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 raised their target price for the stock 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 stock a “buy” rating in a research report on Monday, June 5th. Scotiabank set a $33.00 target price 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 equities research 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. The stock presently has a consensus rating of “Buy” and an average target price of $31.30.

Enterprise Products Partners L.P. (NYSE EPD) opened at 25.90 on Friday. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The firm’s 50 day moving average price is $25.99 and its 200-day moving average price is $26.89. The company has a market capitalization of $55.63 billion, a PE ratio of 20.38 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last released its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.03). The company had revenue of $6.61 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share. Equities analysts forecast that Enterprise Products Partners L.P. will post $1.35 earnings per share for the current fiscal 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.

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

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