Argent Trust Co lowered its position in Enterprise Products Partners L.P. (NYSE:EPD) by 3.2% during the first quarter, Holdings Channel reports. The firm owned 24,712 shares of the oil and gas producer’s stock after selling 810 shares during the period. Argent Trust Co’s holdings in Enterprise Products Partners L.P. were worth $682,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dubuque Bank & Trust Co. increased its position in Enterprise Products Partners L.P. by 222.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,790 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 2,615 shares during the period. Baystate Wealth Management LLC increased its position in Enterprise Products Partners L.P. by 1,050.7% in the first quarter. Baystate Wealth Management LLC now owns 4,361 shares of the oil and gas producer’s stock worth $122,000 after buying an additional 3,982 shares during the period. Archford Capital Strategies LLC increased its position in Enterprise Products Partners L.P. by 78.7% in the fourth quarter. Archford Capital Strategies LLC now owns 4,888 shares of the oil and gas producer’s stock worth $132,000 after buying an additional 2,153 shares during the period. Intellectus Partners LLC purchased a new position in Enterprise Products Partners L.P. during the fourth quarter worth $135,000. Finally, Crestwood Advisors Group LLC purchased a new position in Enterprise Products Partners L.P. during the first quarter worth $140,000. Hedge funds and other institutional investors own 38.59% of the company’s stock.

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

Shares of Enterprise Products Partners L.P. (NYSE EPD) opened at 26.82 on Friday. The company has a market capitalization of $57.30 billion, a PE ratio of 21.72 and a beta of 0.91. The stock has a 50 day moving average price of $26.95 and a 200-day moving average price of $27.34. 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 Tuesday, May 2nd. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The company had revenue of $7.32 billion for the quarter, compared to analyst estimates of $6.05 billion. Enterprise Products Partners L.P. had a net margin of 10.31% and a return on equity of 11.73%. Enterprise Products Partners L.P.’s revenue was up 46.3% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. Analysts forecast that Enterprise Products Partners L.P. will post $1.42 EPS for the current year.

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A number of research analysts have weighed in on the company. BMO Capital Markets set a $33.00 target price on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Monday, June 5th. Sanford C. Bernstein assumed coverage on Enterprise Products Partners L.P. in a report on Tuesday, May 16th. They set an “outperform” rating on the stock. Morgan Stanley upgraded Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $26.37 to $26.50 in a report on Thursday. Vetr upgraded Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 target price on the stock in a report on Monday, April 24th. Finally, Guggenheim assumed coverage on Enterprise Products Partners L.P. in a report on Monday, April 17th. They set a “buy” rating and a $32.00 target price on the stock. Seventeen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Enterprise Products Partners L.P. presently has an average rating of “Buy” and a consensus target price of $32.00.

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.

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