Meeder Asset Management Inc. increased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 25,193 shares of the company’s stock after buying an additional 200 shares during the period. Meeder Asset Management Inc.’s holdings in Enterprise Products Partners L.P. were worth $737,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Center Coast Capital Advisors LP raised its stake in Enterprise Products Partners L.P. by 4.9% in the second quarter. Center Coast Capital Advisors LP now owns 9,887,804 shares of the company’s stock worth $289,317,000 after buying an additional 461,501 shares during the period. Parkwood LLC raised its stake in Enterprise Products Partners L.P. by 130.6% in the second quarter. Parkwood LLC now owns 50,665 shares of the company’s stock worth $1,482,000 after buying an additional 28,694 shares during the period. YHB Investment Advisors Inc. bought a new stake in Enterprise Products Partners L.P. during the second quarter worth about $340,000. Rothschild Investment Corp IL raised its stake in Enterprise Products Partners L.P. by 1.1% in the second quarter. Rothschild Investment Corp IL now owns 73,468 shares of the company’s stock worth $2,150,000 after buying an additional 800 shares during the period. Finally, TIAA CREF Trust Co. FSB MO raised its stake in Enterprise Products Partners L.P. by 29.0% in the second quarter. TIAA CREF Trust Co. FSB MO now owns 92,901 shares of the company’s stock worth $2,718,000 after buying an additional 20,885 shares during the period. 35.68% of the stock is owned by institutional investors and hedge funds.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up 0.19% during midday trading on Friday, hitting $26.01. 7,465,607 shares of the stock traded hands. The firm’s 50 day moving average price is $27.11 and its 200 day moving average price is $26.76. The company has a market capitalization of $54.40 billion, a PE ratio of 20.77 and a beta of 0.92. Enterprise Products Partners L.P. has a 12-month low of $19.00 and a 12-month high of $30.11.

Enterprise Products Partners L.P. (NYSE:EPD) last released its earnings results on Thursday, July 28th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The firm earned $5.62 billion during the quarter, compared to the consensus estimate of $5.62 billion. Enterprise Products Partners L.P. had a net margin of 11.06% and a return on equity of 12.45%. The company’s revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. Analysts expect that Enterprise Products Partners L.P. will post $1.25 EPS for the current year.

A number of research firms have recently issued reports on EPD. Evercore ISI began coverage on shares of Enterprise Products Partners L.P. in a research report on Thursday. They issued a “buy” rating and a $30.00 price target for the company. Vetr upgraded Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $29.70 price objective on the stock in a report on Tuesday, September 13th. Wunderlich dropped their price objective on Enterprise Products Partners L.P. from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, August 31st. Credit Suisse Group AG set a $34.00 price objective on Enterprise Products Partners L.P. and gave the stock a “hold” rating in a report on Thursday, August 18th. Finally, Morgan Stanley downgraded Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $33.00 to $30.00 in a report on Thursday, August 18th. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Enterprise Products Partners L.P. has a consensus rating of “Buy” and a consensus target price of $31.85.

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.

5 Day Chart for NYSE:EPD

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