People s United Financial Inc. raised its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 9.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,893 shares of the oil and gas producer’s stock after acquiring an additional 3,890 shares during the quarter. People s United Financial Inc.’s holdings in Enterprise Products Partners L.P. were worth $1,216,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. First Financial Corp IN lifted its position 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 acquiring an additional 400 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Enterprise Products Partners L.P. during the second quarter worth about $130,000. Camarda Financial Advisors LLC grew its position 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 purchasing an additional 27 shares in the last quarter. Intellectus Partners LLC grew its position 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 purchasing an additional 399 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its position in shares of Enterprise Products Partners L.P. by 690.9% during the second quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock worth $148,000 after purchasing an additional 4,760 shares in the last quarter. 37.56% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners L.P. (NYSE:EPD) traded up 0.27% on Tuesday, hitting $26.15. The stock had a trading volume of 136,574 shares. The company has a market cap of $56.17 billion, a PE ratio of 20.57 and a beta of 0.91. The company has a 50-day moving average of $25.88 and a 200 day moving average of $26.79. Enterprise Products Partners L.P. has a 12 month low of $24.01 and a 12 month high of $30.25.

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 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). The company had revenue of $6.61 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. On average, analysts predict that Enterprise Products Partners L.P. will post $1.35 EPS for the current fiscal year.

Several analysts recently issued reports on the company. BMO Capital Markets set a $33.00 target price on Enterprise Products Partners L.P. and gave the company a “buy” rating in a research note on Monday, June 5th. Sanford C. Bernstein reissued an “outperform” rating on shares of Enterprise Products Partners L.P. in a report on Thursday, August 10th. BidaskClub upgraded Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Friday, July 14th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $31.00 price objective (down from $33.00) on shares of Enterprise Products Partners L.P. in a report on Friday, August 4th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $31.24.

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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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