Optimum Investment Advisors boosted its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 27.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,543 shares of the oil and gas producer’s stock after purchasing an additional 17,177 shares during the quarter. Optimum Investment Advisors’ holdings in Enterprise Products Partners L.P. were worth $2,154,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EPD. First Financial Corp IN lifted its position in Enterprise Products Partners L.P. by 11.1% during the second quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock valued at $108,000 after purchasing an additional 400 shares during the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Enterprise Products Partners L.P. in the 2nd quarter worth $130,000. Camarda Financial Advisors LLC grew its stake in shares of Enterprise Products Partners L.P. by 0.6% in the 2nd quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after buying an additional 27 shares in the last quarter. Intellectus Partners LLC increased its holdings in shares of Enterprise Products Partners L.P. by 8.0% in the 1st quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock worth $149,000 after buying an additional 399 shares during the last quarter. Finally, Jacobi Capital Management LLC increased its holdings in shares of Enterprise Products Partners L.P. by 690.9% in the 2nd quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock worth $148,000 after buying an additional 4,760 shares during the last quarter. 37.56% of the stock is currently owned by institutional investors.

A number of brokerages recently commented on EPD. BMO Capital Markets set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Monday, June 5th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Enterprise Products Partners L.P. in a research report on Thursday, August 10th. BidaskClub raised Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Stifel Nicolaus reissued a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Friday, July 14th. Finally, Barclays PLC restated 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. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $31.24.

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Enterprise Products Partners L.P. (EPD) traded down 0.0556% on Monday, hitting $26.0555. The stock had a trading volume of 1,659,073 shares. Enterprise Products Partners L.P. has a 12 month low of $24.01 and a 12 month high of $30.25. The stock has a market cap of $55.97 billion, a PE ratio of 20.5000 and a beta of 0.91. The firm’s 50 day moving average price is $25.99 and its 200-day moving average price is $26.89.

Enterprise Products Partners L.P. (NYSE:EPD) last issued 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 net margin of 10.28% and a return on equity of 12.04%. The company had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter last year, the firm posted $0.27 earnings per share. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts forecast that Enterprise Products Partners L.P. will post $1.35 EPS for the current year.

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

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