Uniplan Investment Counsel Inc. trimmed its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,614 shares of the oil and gas producer’s stock after selling 7,028 shares during the period. Uniplan Investment Counsel Inc.’s holdings in Enterprise Products Partners were worth $2,252,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Tortoise Capital Advisors L.L.C. boosted its holdings in Enterprise Products Partners by 7.2% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 42,260,456 shares of the oil and gas producer’s stock valued at $1,214,143,000 after acquiring an additional 2,841,648 shares during the period. Morgan Stanley boosted its holdings in Enterprise Products Partners by 8.1% during the third quarter. Morgan Stanley now owns 19,671,087 shares of the oil and gas producer’s stock valued at $565,149,000 after acquiring an additional 1,472,976 shares during the period. OppenheimerFunds Inc. raised its position in shares of Enterprise Products Partners by 1.4% during the third quarter. OppenheimerFunds Inc. now owns 17,882,377 shares of the oil and gas producer’s stock valued at $513,760,000 after buying an additional 242,655 shares during the last quarter. BlackRock Inc. raised its position in shares of Enterprise Products Partners by 14.3% during the fourth quarter. BlackRock Inc. now owns 15,304,914 shares of the oil and gas producer’s stock valued at $376,347,000 after buying an additional 1,912,588 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Enterprise Products Partners by 5.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,165,898 shares of the oil and gas producer’s stock valued at $372,930,000 after buying an additional 728,719 shares during the last quarter. Institutional investors own 36.85% of the company’s stock.

In other Enterprise Products Partners news, CEO Aj Teague purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 31st. The stock was purchased at an average price of $24.36 per share, with a total value of $243,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,654,372 shares of the company’s stock, valued at approximately $40,300,501.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders purchased 30,000 shares of company stock valued at $733,300 in the last three months. Company insiders own 37.50% of the company’s stock.

NYSE:EPD opened at $28.13 on Friday. Enterprise Products Partners L.P. has a 12-month low of $23.30 and a 12-month high of $30.05. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.85 and a quick ratio of 0.63. The stock has a market capitalization of $60.79 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 4.91 and a beta of 0.96.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Thursday, January 31st. The oil and gas producer reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.09. Enterprise Products Partners had a net margin of 11.42% and a return on equity of 18.13%. The firm had revenue of $9.18 billion during the quarter, compared to analyst estimates of $9.46 billion. During the same quarter in the prior year, the business posted $0.36 earnings per share. Equities analysts predict that Enterprise Products Partners L.P. will post 1.92 EPS for the current fiscal year.

EPD has been the subject of a number of research analyst reports. Mizuho initiated coverage on shares of Enterprise Products Partners in a research report on Wednesday, November 28th. They set a “buy” rating and a $33.00 price objective for the company. Citigroup cut their price objective on shares of Enterprise Products Partners from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, November 29th. Zacks Investment Research lowered shares of Enterprise Products Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. ValuEngine raised shares of Enterprise Products Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Bank of America set a $32.00 price objective on shares of Enterprise Products Partners and gave the company a “buy” rating in a research report on Tuesday, January 29th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.41.

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Enterprise Products Partners 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.

Read More: SEC Filing

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

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