EnTrustPermal Management LLC maintained its stake in Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,500 shares of the oil and gas producer’s stock at the close of the second quarter. Enterprise Products Partners L.P. makes up approximately 1.4% of EnTrustPermal Management LLC’s investment portfolio, making the stock its 21st largest holding. EnTrustPermal Management LLC’s holdings in Enterprise Products Partners L.P. were worth $3,182,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. grew 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 buying an additional 1,573,553 shares in the last quarter. Kayne Anderson Capital Advisors LP grew 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 buying an additional 1,044,310 shares in the last quarter. Fayez Sarofim & Co. grew its position in shares of Enterprise Products Partners L.P. by 1.4% during the second quarter. Fayez Sarofim & Co. now owns 19,351,983 shares of the oil and gas producer’s stock worth $524,052,000 after buying an additional 268,191 shares in the last quarter. Neuberger Berman Group LLC grew 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 buying an additional 1,357,877 shares in the last quarter. Finally, Fayez Sarofim & Co grew 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 buying an additional 109,422 shares in the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on EPD shares. Jefferies Group LLC lowered their price objective on Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, September 1st. Stifel Nicolaus reissued a “buy” rating and set a $30.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, September 15th. BidaskClub raised Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Barclays PLC reissued an “overweight” rating and set a $31.00 price objective (down from $33.00) on shares of Enterprise Products Partners L.P. in a research report on Friday, August 4th. Finally, Morgan Stanley raised Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $26.37 to $26.50 in a research report on Thursday, June 15th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $31.24.

Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.07 on Friday. The firm has a market capitalization of $56.00 billion, a P/E ratio of 20.51 and a beta of 0.90. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The company has a 50-day moving average price of $25.99 and a 200-day moving average price of $26.89.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Enterprise Products Partners L.P.’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities research analysts anticipate that Enterprise Products Partners L.P. will post $1.35 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.watchlistnews.com/enterprise-products-partners-l-p-epd-holdings-maintained-by-entrustpermal-management-llc/1600874.html.

About Enterprise Products Partners L.P.

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.

Want to see what other hedge funds are holding EPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Products Partners L.P. (NYSE:EPD).

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

Receive News & Ratings for Enterprise Products Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.