Picton Mahoney Asset Management lifted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 33.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 359,500 shares of the oil and gas producer’s stock after acquiring an additional 90,700 shares during the period. Picton Mahoney Asset Management’s holdings in Enterprise Products Partners L.P. were worth $9,737,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in EPD. First Financial Corp IN raised its stake in Enterprise Products Partners L.P. by 11.1% during the 2nd 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 during the last quarter. First Eagle Investment Management LLC bought a new stake in Enterprise Products Partners L.P. in the 2nd quarter valued at $130,000. Camarda Financial Advisors LLC boosted its holdings in Enterprise Products Partners L.P. by 0.6% in the 2nd quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock valued at $131,000 after purchasing an additional 27 shares during the period. Jacobi Capital Management LLC boosted its holdings in Enterprise Products Partners L.P. by 690.9% in the 2nd quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock valued at $148,000 after purchasing an additional 4,760 shares during the period. Finally, Intellectus Partners LLC boosted its holdings in Enterprise Products Partners L.P. by 8.0% in the 1st quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock valued at $149,000 after purchasing an additional 399 shares during the period. Institutional investors and hedge funds own 37.56% of the company’s stock.

Several analysts have issued reports on the stock. BidaskClub lowered shares of Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $30.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Enterprise Products Partners L.P. in a research report on Thursday, August 10th. Barclays PLC reiterated an “overweight” rating and issued a $31.00 target price (down previously from $33.00) on shares of Enterprise Products Partners L.P. in a research note on Friday, August 4th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $33.00 target price on shares of Enterprise Products Partners L.P. in a research note on Wednesday, July 12th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $31.24.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) remained flat at $26.07 on Monday. The stock had a trading volume of 1,137,154 shares. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The firm has a market capitalization of $56.00 billion, a P/E ratio of 20.51 and a beta of 0.91. The stock has a 50 day moving average of $25.99 and a 200-day moving average of $26.89.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly 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). Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The business had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the prior year, the business posted $0.27 earnings per share. Enterprise Products Partners L.P.’s revenue was up 17.6% compared to the same quarter last year. Equities research analysts expect that Enterprise Products Partners L.P. will post $1.35 EPS for the current fiscal year.

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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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