Private Harbour Investment Management & Counsel LLC raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,460 shares of the oil and gas producer’s stock after purchasing an additional 500 shares during the period. Private Harbour Investment Management & Counsel LLC’s holdings in Enterprise Products Partners L.P. were worth $1,312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Financial Corp IN increased its holdings in shares of 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 worth $108,000 after buying an additional 400 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Enterprise Products Partners L.P. during the second quarter worth $130,000. Camarda Financial Advisors LLC increased its holdings in shares of Enterprise Products Partners L.P. by 0.6% during the second 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% during the first 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 in the last quarter. Finally, Archford Capital Strategies LLC increased its holdings in shares of Enterprise Products Partners L.P. by 42.4% during the first quarter. Archford Capital Strategies LLC now owns 6,959 shares of the oil and gas producer’s stock worth $192,000 after buying an additional 2,071 shares in the last quarter. Institutional investors and hedge funds own 37.85% of the company’s stock.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.26 on Tuesday. Enterprise Products Partners L.P. has a 12-month low of $24.01 and a 12-month high of $30.25. The firm has a market capitalization of $56.41 billion, a P/E ratio of 20.66 and a beta of 0.90. The company has a 50-day moving average price of $26.20 and a 200-day moving average price of $26.98.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. Enterprise Products Partners L.P.’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS. Equities analysts predict that Enterprise Products Partners L.P. will post $1.35 EPS for the current year.

Several research analysts have recently issued reports on EPD shares. Jefferies Group LLC lowered 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 report on Friday, September 1st. BidaskClub upgraded shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Barclays PLC reiterated an “overweight” rating and set a $31.00 price target (down from $33.00) on shares of Enterprise Products Partners L.P. in a report on Friday, August 4th. Sanford C. Bernstein started coverage on shares of Enterprise Products Partners L.P. in a report on Tuesday, May 16th. They set an “outperform” rating for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, July 14th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Enterprise Products Partners L.P. presently has an average rating of “Buy” and an average target price of $31.39.

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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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