First Houston Capital Inc. trimmed its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 17.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,900 shares of the oil and gas producer’s stock after selling 10,600 shares during the period. First Houston Capital Inc.’s holdings in Enterprise Products Partners L.P. were worth $1,324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EPD. BlackRock Inc. boosted its position in Enterprise Products Partners L.P. by 5,083.2% during the first quarter. BlackRock Inc. now owns 3,225,992 shares of the oil and gas producer’s stock valued at $89,069,000 after buying an additional 3,163,753 shares during the period. Ameriprise Financial Inc. boosted its position in Enterprise Products Partners L.P. by 38.0% during the first quarter. Ameriprise Financial Inc. now owns 7,334,276 shares of the oil and gas producer’s stock valued at $202,351,000 after buying an additional 2,018,930 shares during the period. Beach Investment Management LLC. boosted its position in Enterprise Products Partners L.P. by 1,922.5% during the second quarter. Beach Investment Management LLC. now owns 1,920,324 shares of the oil and gas producer’s stock valued at $52,002,000 after buying an additional 1,825,374 shares during the period. Tortoise Capital Advisors L.L.C. boosted its position in 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 valued at $1,128,368,000 after buying an additional 1,573,553 shares during the period. Finally, Epoch Investment Partners Inc. boosted its position in Enterprise Products Partners L.P. by 24.2% during the first quarter. Epoch Investment Partners Inc. now owns 7,138,017 shares of the oil and gas producer’s stock valued at $197,080,000 after buying an additional 1,389,424 shares during the period. Institutional investors and hedge funds own 37.85% of the company’s stock.

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Several analysts have issued reports on EPD shares. Jefferies Group LLC cut their price target on shares of 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. BidaskClub upgraded shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Barclays PLC restated an “overweight” rating and set a $31.00 price target (down from $33.00) on shares of Enterprise Products Partners L.P. in a research report on Friday, August 4th. Sanford C. Bernstein started coverage on shares of Enterprise Products Partners L.P. in a research report on Tuesday, May 16th. They set an “outperform” rating for the company. Finally, Stifel Nicolaus restated a “buy” rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, July 14th. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $31.39.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.17 on Thursday. Enterprise Products Partners L.P. has a 12-month low of $24.01 and a 12-month high of $30.25. The stock’s 50 day moving average is $26.31 and its 200-day moving average is $27.03. The stock has a market capitalization of $56.21 billion, a price-to-earnings ratio of 20.59 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last announced 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. The firm had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.44 billion. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 earnings per share. On average, analysts expect that Enterprise Products Partners L.P. will post $1.36 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.

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

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