Comerica Bank increased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,883 shares of the company’s stock after buying an additional 4,670 shares during the period. Comerica Bank’s holdings in Enterprise Products Partners L.P. were worth $1,476,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Burney Co. raised its position in shares of Enterprise Products Partners L.P. by 4.4% in the fourth quarter. Burney Co. now owns 35,582 shares of the company’s stock worth $962,000 after buying an additional 1,504 shares during the period. Asset Planning Services Inc. LA ADV bought a new position in shares of Enterprise Products Partners L.P. during the fourth quarter worth about $2,763,000. Bessemer Group Inc. raised its position in shares of Enterprise Products Partners L.P. by 16.9% in the fourth quarter. Bessemer Group Inc. now owns 114,281 shares of the company’s stock worth $3,091,000 after buying an additional 16,548 shares during the period. Rainier Group Investment Advisory LLC bought a new position in shares of Enterprise Products Partners L.P. during the fourth quarter worth about $203,000. Finally, Capital Investment Advisory Services LLC bought a new position in shares of Enterprise Products Partners L.P. during the fourth quarter worth about $435,000. 36.31% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at 27.40 on Tuesday. The company has a market cap of $57.97 billion, a price-to-earnings ratio of 22.81 and a beta of 0.91. Enterprise Products Partners L.P. has a 12-month low of $23.56 and a 12-month high of $30.25. The stock has a 50 day moving average of $28.23 and a 200 day moving average of $26.95.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings data on Monday, January 30th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by $0.01. The company earned $6.48 billion during the quarter, compared to analyst estimates of $5.99 billion. Enterprise Products Partners L.P. had a net margin of 10.92% and a return on equity of 11.55%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. On average, equities analysts expect that Enterprise Products Partners L.P. will post $1.39 earnings per share for the current fiscal year.

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A number of equities analysts recently issued reports on the stock. Scotiabank reaffirmed a “buy” rating and set a $33.00 target price on shares of Enterprise Products Partners L.P. in a research report on Sunday, March 12th. Barclays PLC boosted their target price on shares of Enterprise Products Partners L.P. from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 31st. Sanford C. Bernstein set a $34.00 target price on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Sunday, January 15th. Vetr raised shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $30.51 target price on the stock in a research report on Wednesday, January 11th. Finally, Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and set a $30.00 target price on shares of Enterprise Products Partners L.P. in a research report on Sunday, December 4th. Two analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $31.64.

In related news, Director James T. Hackett acquired 33,000 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was bought at an average price of $28.65 per share, with a total value of $945,450.00. Following the acquisition, the director now owns 220,623 shares in the company, valued at approximately $6,320,848.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edwin E. Smith sold 15,000 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $28.02, for a total value of $420,300.00. The disclosure for this sale can be found here. Corporate insiders own 37.50% of the company’s stock.

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.

5 Day Chart for NYSE:EPD

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