KCM Investment Advisors LLC trimmed its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 11.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,868 shares of the oil and gas producer’s stock after selling 3,860 shares during the period. KCM Investment Advisors LLC’s holdings in Enterprise Products Partners L.P. were worth $809,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in EPD. Tortoise Capital Advisors L.L.C. increased its position in shares of Enterprise Products Partners L.P. by 3.9% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 41,667,941 shares of the oil and gas producer’s stock worth $1,128,368,000 after acquiring an additional 1,573,553 shares during the period. Kayne Anderson Capital Advisors LP increased its position in shares of Enterprise Products Partners L.P. by 3.3% during the first quarter. Kayne Anderson Capital Advisors LP now owns 32,686,057 shares of the oil and gas producer’s stock worth $902,446,000 after acquiring an additional 1,044,310 shares during the period. Neuberger Berman Group LLC increased its position in shares of Enterprise Products Partners L.P. by 7.6% during the second quarter. Neuberger Berman Group LLC now owns 19,163,137 shares of the oil and gas producer’s stock worth $518,938,000 after acquiring an additional 1,357,877 shares during the period. Fayez Sarofim & Co increased its position in shares of Enterprise Products Partners L.P. by 0.6% during the first quarter. Fayez Sarofim & Co now owns 19,083,792 shares of the oil and gas producer’s stock worth $526,904,000 after acquiring an additional 109,422 shares during the period. Finally, Atlantic Trust Group LLC increased its position in shares of Enterprise Products Partners L.P. by 3.7% during the second quarter. Atlantic Trust Group LLC now owns 18,318,389 shares of the oil and gas producer’s stock worth $496,062,000 after acquiring an additional 653,564 shares during the period. Institutional investors own 37.56% of the company’s stock.

A number of analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, July 14th. 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. BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Wednesday, July 12th. BidaskClub raised Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $31.00 price objective (down previously from $33.00) on shares of Enterprise Products Partners L.P. in a research report on Friday, August 4th. One equities research 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. The company currently has a consensus rating of “Buy” and a consensus target price of $31.30.

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Enterprise Products Partners L.P. (NYSE:EPD) opened at 25.90 on Monday. The company has a 50-day moving average price of $25.99 and a 200 day moving average price of $26.89. The stock has a market cap of $55.63 billion, a price-to-earnings ratio of 20.38 and a beta of 0.90. Enterprise Products Partners L.P. has a 12-month low of $24.01 and a 12-month 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 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 firm had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts predict 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.

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

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