Mckinley Capital Management LLC Delaware trimmed its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 0.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,260 shares of the oil and gas producer’s stock after selling 341 shares during the period. Mckinley Capital Management LLC Delaware’s holdings in Enterprise Products Partners L.P. were worth $1,361,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Tortoise Capital Advisors L.L.C. raised its position in shares of Enterprise Products Partners L.P. by 3.9% in 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 last quarter. Kayne Anderson Capital Advisors LP raised its position in shares of Enterprise Products Partners L.P. by 3.3% in the first quarter. Kayne Anderson Capital Advisors LP now owns 32,686,057 shares of the oil and gas producer’s stock valued at $902,446,000 after buying an additional 1,044,310 shares during the last quarter. Fayez Sarofim & Co. raised its position in shares of Enterprise Products Partners L.P. by 1.4% in the second quarter. Fayez Sarofim & Co. now owns 19,351,983 shares of the oil and gas producer’s stock valued at $524,052,000 after buying an additional 268,191 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Enterprise Products Partners L.P. by 7.6% in the second quarter. Neuberger Berman Group LLC now owns 19,163,137 shares of the oil and gas producer’s stock valued at $518,938,000 after buying an additional 1,357,877 shares during the last quarter. Finally, Fayez Sarofim & Co raised its position in shares of Enterprise Products Partners L.P. by 0.6% in the first quarter. Fayez Sarofim & Co now owns 19,083,792 shares of the oil and gas producer’s stock valued at $526,904,000 after buying an additional 109,422 shares during the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

A number of brokerages have recently commented on EPD. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 target price on shares of Enterprise Products Partners L.P. in a research report on Friday, September 15th. 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 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 Saturday, August 19th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Enterprise Products Partners L.P. in a research report on Thursday, August 10th. Finally, Barclays PLC restated an “overweight” rating and set a $31.00 price objective (down from $33.00) on shares of Enterprise Products Partners L.P. in a research report on Friday, August 4th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $31.24.

Enterprise Products Partners L.P. (NYSE EPD) opened at 26.07 on Friday. The firm’s 50-day moving average is $25.99 and its 200 day moving average is $26.89. Enterprise Products Partners L.P. has a 52 week low of $24.01 and a 52 week high of $30.25. The stock has a market cap of $56.00 billion, a price-to-earnings ratio of 20.51 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its earnings results 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). Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The firm had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same period in the previous year, the firm posted $0.27 EPS. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities research analysts expect that Enterprise Products Partners L.P. will post $1.35 EPS for the current year.

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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.

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

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