Chicago Partners Investment Group LLC raised its position in Enterprise Products Partners L.P. (NYSE:EPD) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 931,163 shares of the oil and gas producer’s stock after buying an additional 19,294 shares during the quarter. Enterprise Products Partners comprises about 4.0% of Chicago Partners Investment Group LLC’s portfolio, making the stock its 3rd largest position. Chicago Partners Investment Group LLC’s holdings in Enterprise Products Partners were worth $25,765,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tompkins Financial Corp boosted its stake in shares of Enterprise Products Partners by 150.3% in the 2nd quarter. Tompkins Financial Corp now owns 3,830 shares of the oil and gas producer’s stock valued at $106,000 after purchasing an additional 2,300 shares in the last quarter. Stelac Advisory Services LLC acquired a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at approximately $109,000. Poehling Capital Management LLC acquired a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at approximately $111,000. Spectrum Financial Alliance Ltd LLC acquired a new stake in shares of Enterprise Products Partners in the 1st quarter valued at approximately $100,000. Finally, Private Capital Group LLC boosted its stake in shares of Enterprise Products Partners by 46,766.7% in the 1st quarter. Private Capital Group LLC now owns 4,218 shares of the oil and gas producer’s stock valued at $103,000 after purchasing an additional 4,209 shares in the last quarter. 36.41% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:EPD opened at $29.36 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.56 and a current ratio of 0.74. Enterprise Products Partners L.P. has a one year low of $23.10 and a one year high of $30.05. The company has a market cap of $63.17 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 5.81 and a beta of 0.91.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.46 EPS for the quarter, topping the consensus estimate of $0.39 by $0.07. Enterprise Products Partners had a net margin of 8.95% and a return on equity of 14.42%. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same period last year, the company earned $0.30 EPS. The firm’s revenue was up 28.1% compared to the same quarter last year. analysts expect that Enterprise Products Partners L.P. will post 1.68 earnings per share for the current fiscal year.

In other Enterprise Products Partners news, CEO Aj Teague bought 3,390 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were acquired at an average cost of $29.48 per share, for a total transaction of $99,937.20. Following the transaction, the chief executive officer now directly owns 1,616,790 shares in the company, valued at $47,662,969.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 37.50% of the stock is owned by company insiders.

EPD has been the topic of a number of research analyst reports. SunTrust Banks set a $33.00 price target on shares of Enterprise Products Partners and gave the company a “buy” rating in a research note on Monday, July 23rd. Zacks Investment Research downgraded shares of Enterprise Products Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Morgan Stanley raised their price target on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, August 17th. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners and gave the company a “buy” rating in a research note on Monday, August 20th. Finally, Mitsubishi UFJ Financial Group raised their price target on shares of Enterprise Products Partners to $35.00 and gave the company an “overweight” rating in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $32.38.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: 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 (NYSE:EPD)

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