ICONIQ Capital LLC maintained its stake in Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,994 shares of the oil and gas producer’s stock at the close of the second quarter. ICONIQ Capital LLC’s holdings in Enterprise Products Partners L.P. were worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Princeton Portfolio Strategies Group LLC boosted its stake in Enterprise Products Partners L.P. by 11.6% in the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 28,773 shares of the oil and gas producer’s stock worth $779,000 after purchasing an additional 3,000 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Enterprise Products Partners L.P. by 35.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 82,157 shares of the oil and gas producer’s stock worth $2,225,000 after purchasing an additional 21,452 shares during the period. Sather Financial Group Inc acquired a new position in Enterprise Products Partners L.P. in the 2nd quarter worth $443,000. CNH Partners LLC boosted its stake in Enterprise Products Partners L.P. by 0.4% in the 2nd quarter. CNH Partners LLC now owns 27,760 shares of the oil and gas producer’s stock worth $752,000 after purchasing an additional 100 shares during the period. Finally, Day & Ennis LLC boosted its stake in Enterprise Products Partners L.P. by 0.3% in the 2nd quarter. Day & Ennis LLC now owns 8,084 shares of the oil and gas producer’s stock worth $219,000 after purchasing an additional 27 shares during the period. 37.56% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners L.P. (NYSE:EPD) remained flat at $26.29 on Friday. 3,835,030 shares of the stock were exchanged. The stock’s 50-day moving average price is $25.98 and its 200 day moving average price is $26.77. Enterprise Products Partners L.P. has a 52 week low of $24.01 and a 52 week high of $30.25. The company has a market capitalization of $56.47 billion, a PE ratio of 20.68 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) 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 business had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period last year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities analysts anticipate that Enterprise Products Partners L.P. will post $1.35 earnings per share for the current fiscal year.

EPD has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $30.00 target price on shares of Enterprise Products Partners L.P. in a research note on Friday, August 11th. Scotiabank set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research note on Friday, July 21st. BMO Capital Markets restated a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Wednesday, July 12th. Jefferies Group LLC reduced their price objective 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 note on Friday, September 1st. Finally, BidaskClub upgraded shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Enterprise Products Partners L.P. has an average rating of “Buy” and an average target price 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.

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

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