Evergreen Capital Management LLC grew its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 37.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 837,952 shares of the oil and gas producer’s stock after purchasing an additional 228,355 shares during the period. Enterprise Products Partners L.P. comprises approximately 3.7% of Evergreen Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Evergreen Capital Management LLC’s holdings in Enterprise Products Partners L.P. were worth $22,692,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of EPD. BlackRock Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 5,083.2% in the 1st quarter. BlackRock Inc. now owns 3,225,992 shares of the oil and gas producer’s stock valued at $89,069,000 after purchasing an additional 3,163,753 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 38.0% in the 1st quarter. Ameriprise Financial Inc. now owns 7,334,276 shares of the oil and gas producer’s stock valued at $202,351,000 after purchasing an additional 2,018,930 shares in the last quarter. Beach Investment Management LLC. boosted its stake in shares of Enterprise Products Partners L.P. by 1,922.5% in the 2nd 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 purchasing an additional 1,825,374 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Enterprise Products Partners L.P. by 3.9% in the 2nd 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 purchasing an additional 1,573,553 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 24.2% in the 1st 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 purchasing an additional 1,389,424 shares in the last quarter. Institutional investors own 37.85% of the company’s stock.

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Several research firms recently commented on EPD. 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. Scotiabank set a $33.00 target price on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Friday, July 21st. Jefferies Group LLC cut their target price on shares of Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 target price on shares of Enterprise Products Partners L.P. in a research report on Friday, August 11th. Finally, Morgan Stanley upgraded shares of Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $26.37 to $26.50 in a research report on Thursday, June 15th. One 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. The stock presently has an average rating of “Buy” and a consensus target price of $31.39.

Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.10 on Wednesday. The company has a market cap of $56.06 billion, a price-to-earnings ratio of 20.54 and a beta of 0.90. Enterprise Products Partners L.P. has a 12-month low of $24.01 and a 12-month high of $30.25. The firm’s 50-day moving average is $26.20 and its 200 day moving average is $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 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). The firm 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%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. On average, equities analysts expect that Enterprise Products Partners L.P. will post $1.36 earnings per share for the current fiscal 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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