Fort Washington Investment Advisors Inc. OH cut its position in Enterprise Products Partners L.P. (NYSE:EPD) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,140,064 shares of the oil and gas producer’s stock after selling 50,046 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.05% of Enterprise Products Partners L.P. worth $30,873,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Tower Bridge Advisors grew its position in shares of Enterprise Products Partners L.P. by 2.0% in the first quarter. Tower Bridge Advisors now owns 219,998 shares of the oil and gas producer’s stock valued at $6,074,000 after purchasing an additional 4,245 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its position in shares of Enterprise Products Partners L.P. by 2.4% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 73,880 shares of the oil and gas producer’s stock valued at $2,040,000 after purchasing an additional 1,712 shares in the last quarter. Pekin Singer Strauss Asset Management IL grew its position in shares of Enterprise Products Partners L.P. by 4.0% in the first quarter. Pekin Singer Strauss Asset Management IL now owns 12,922 shares of the oil and gas producer’s stock valued at $357,000 after purchasing an additional 500 shares in the last quarter. Buffington Mohr McNeal grew its position in shares of Enterprise Products Partners L.P. by 2.1% in the first quarter. Buffington Mohr McNeal now owns 10,600 shares of the oil and gas producer’s stock valued at $293,000 after purchasing an additional 222 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of Enterprise Products Partners L.P. by 3.1% in the first quarter. US Bancorp DE now owns 353,790 shares of the oil and gas producer’s stock valued at $9,768,000 after purchasing an additional 10,700 shares in the last quarter. Hedge funds and other institutional investors own 37.55% of the company’s stock.

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Enterprise Products Partners L.P. (NYSE EPD) opened at 25.90 on Friday. The stock has a market capitalization of $55.63 billion, a PE ratio of 20.38 and a beta of 0.90. The company’s 50-day moving average price is $25.99 and its 200 day moving average price is $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 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 Zacks’ consensus estimate of $0.33 by ($0.03). The firm had revenue of $6.61 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. Equities analysts forecast that Enterprise Products Partners L.P. will post $1.35 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the company. BMO Capital Markets reiterated a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a research report on Wednesday, July 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, August 11th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Enterprise Products Partners L.P. in a research report on Thursday, August 10th. BidaskClub cut Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Scotiabank set a $33.00 price target on Enterprise Products Partners L.P. and gave the company a “buy” rating in a research report on Friday, July 21st. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $31.30.

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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