Veritable L.P. boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 745,523 shares of the oil and gas producer’s stock after purchasing an additional 12,904 shares during the quarter. Enterprise Products Partners L.P. makes up 0.5% of Veritable L.P.’s investment portfolio, making the stock its 26th biggest holding. Veritable L.P.’s holdings in Enterprise Products Partners L.P. were worth $20,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Tortoise Capital Advisors L.L.C. increased its holdings in Enterprise Products Partners L.P. by 3.9% during the 2nd 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 purchasing an additional 1,573,553 shares during the period. Kayne Anderson Capital Advisors LP increased its holdings in Enterprise Products Partners L.P. by 3.3% during the 1st 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 purchasing an additional 1,044,310 shares during the period. Fayez Sarofim & Co. increased its holdings in Enterprise Products Partners L.P. by 1.4% during the 2nd quarter. Fayez Sarofim & Co. now owns 19,351,983 shares of the oil and gas producer’s stock worth $524,052,000 after purchasing an additional 268,191 shares during the period. Neuberger Berman Group LLC increased its holdings in Enterprise Products Partners L.P. by 7.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 19,163,137 shares of the oil and gas producer’s stock worth $518,938,000 after purchasing an additional 1,357,877 shares during the period. Finally, Fayez Sarofim & Co increased its holdings in Enterprise Products Partners L.P. by 0.6% during the 1st quarter. Fayez Sarofim & Co now owns 19,083,792 shares of the oil and gas producer’s stock worth $526,904,000 after purchasing an additional 109,422 shares during the period. Institutional investors own 37.56% of the company’s stock.

Several brokerages have weighed in on EPD. Stifel Nicolaus restated a “buy” rating and set a $30.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, September 15th. Jefferies Group LLC cut their price target on Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, September 1st. BidaskClub upgraded Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Sanford C. Bernstein restated an “outperform” rating on shares of Enterprise Products Partners L.P. in a report on Thursday, August 10th. Finally, Barclays PLC restated an “overweight” rating and set a $31.00 price target (down previously from $33.00) on shares of Enterprise Products Partners L.P. in a report on Friday, August 4th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.24.

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Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.07 on Friday. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25. The stock’s 50 day moving average price is $25.99 and its 200 day moving average price is $26.89. The firm has a market capitalization of $56.00 billion, a PE ratio of 20.51 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ 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 period in the previous year, the firm posted $0.27 earnings per share. The firm’s revenue was up 17.6% compared to the same quarter last year. Analysts expect that Enterprise Products Partners L.P. will post $1.35 earnings per share for the current year.

Enterprise Products Partners L.P. 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.

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

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