First Interstate Bank boosted its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 8.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,625 shares of the oil and gas producer’s stock after purchasing an additional 1,750 shares during the quarter. First Interstate Bank’s holdings in Enterprise Products Partners L.P. were worth $586,000 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 raised its stake 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 in the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Enterprise Products Partners L.P. in the second quarter valued at $130,000. Camarda Financial Advisors LLC raised its stake in shares of Enterprise Products Partners L.P. by 0.6% in the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock valued at $131,000 after acquiring an additional 27 shares during the period. Intellectus Partners LLC raised its stake in shares of Enterprise Products Partners L.P. by 8.0% in the first quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock valued at $149,000 after acquiring an additional 399 shares during the period. Finally, Archford Capital Strategies LLC raised its stake in shares of Enterprise Products Partners L.P. by 42.4% in the first quarter. Archford Capital Strategies LLC now owns 6,959 shares of the oil and gas producer’s stock valued at $192,000 after acquiring an additional 2,071 shares during the period. 37.85% of the stock is currently owned by institutional investors.

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Several research firms recently commented on EPD. BidaskClub downgraded shares of Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 target price on shares of Enterprise Products Partners L.P. in a report on Friday, August 11th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Enterprise Products Partners L.P. in a report on Thursday, August 10th. Barclays PLC restated an “overweight” rating and issued a $31.00 price target (down from $33.00) on shares of Enterprise Products Partners L.P. in a report on Friday, August 4th. Finally, BMO Capital Markets restated a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a report on Wednesday, July 12th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Enterprise Products Partners L.P. has a consensus rating of “Buy” and an average target price of $31.39.

Shares of Enterprise Products Partners L.P. (EPD) opened at 26.25 on Friday. The stock has a market capitalization of $56.39 billion, a price-to-earnings ratio of 20.65 and a beta of 0.90. The firm’s 50-day moving average is $26.23 and its 200-day moving average is $27.02. Enterprise Products Partners L.P. has a 52 week low of $24.01 and a 52 week high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share 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 revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, equities research analysts anticipate that Enterprise Products Partners L.P. will post $1.36 EPS for the current fiscal 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.

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

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