Glenview Trust Co cut its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 56.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,374 shares of the oil and gas producer’s stock after selling 11,940 shares during the period. Glenview Trust Co’s holdings in Enterprise Products Partners L.P. were worth $254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. First Financial Corp IN raised its holdings in shares of Enterprise Products Partners L.P. by 11.1% in 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 buying an additional 400 shares during 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 about $130,000. Camarda Financial Advisors LLC raised its holdings 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 buying an additional 27 shares during the last quarter. Intellectus Partners LLC raised its holdings 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 buying an additional 399 shares during the last quarter. Finally, Jacobi Capital Management LLC raised its holdings in shares of Enterprise Products Partners L.P. by 690.9% in the second quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock valued at $148,000 after buying an additional 4,760 shares during the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on EPD shares. Jefferies Group LLC reduced their target price 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. Morgan Stanley raised shares of Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $26.37 to $26.50 in a report on Thursday, June 15th. BMO Capital Markets set a $33.00 target price on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Monday, June 5th. Scotiabank set a $33.00 target price on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Friday, July 21st. Finally, BidaskClub raised shares of Enterprise Products Partners L.P. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued 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 $31.30.

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Enterprise Products Partners L.P. (NYSE EPD) opened at 26.29 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 has a market capitalization of $56.47 billion, a PE ratio of 20.68 and a beta of 0.90. The company’s 50-day moving average is $25.99 and its 200 day moving average is $26.89.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share 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 the consensus estimate 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 company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, analysts predict that Enterprise Products Partners L.P. will post $1.35 EPS for the current year.

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.

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

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