Silvercrest Asset Management Group LLC trimmed its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 1.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 819,104 shares of the oil and gas producer’s stock after selling 12,252 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Enterprise Products Partners were worth $20,051,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Princeton Portfolio Strategies Group LLC raised its position in shares of Enterprise Products Partners by 3.5% in the 1st quarter. Princeton Portfolio Strategies Group LLC now owns 73,373 shares of the oil and gas producer’s stock valued at $1,796,000 after purchasing an additional 2,500 shares in the last quarter. First Foundation Advisors raised its position in shares of Enterprise Products Partners by 54.7% in the 1st quarter. First Foundation Advisors now owns 18,817 shares of the oil and gas producer’s stock valued at $461,000 after purchasing an additional 6,654 shares in the last quarter. Botty Investors LLC raised its position in shares of Enterprise Products Partners by 107.0% in the 1st quarter. Botty Investors LLC now owns 79,425 shares of the oil and gas producer’s stock valued at $1,944,000 after purchasing an additional 41,052 shares in the last quarter. Northwestern Mutual Investment Management Company LLC acquired a new position in shares of Enterprise Products Partners in the 1st quarter valued at approximately $34,331,000. Finally, Chilton Capital Management LLC raised its position in shares of Enterprise Products Partners by 3.1% in the 1st quarter. Chilton Capital Management LLC now owns 157,568 shares of the oil and gas producer’s stock valued at $3,857,000 after purchasing an additional 4,689 shares in the last quarter. 37.00% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on EPD shares. Seaport Global Securities set a $27.00 target price on Enterprise Products Partners and gave the company a “buy” rating in a research report on Monday, April 9th. Bank of America cut their target price on Enterprise Products Partners from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, March 27th. Barclays set a $30.00 target price on Enterprise Products Partners and gave the company a “buy” rating in a research report on Saturday, March 10th. UBS Group reaffirmed a “buy” rating and issued a $34.00 target price (down from $36.00) on shares of Enterprise Products Partners in a research report on Friday, March 2nd. Finally, Deutsche Bank started coverage on Enterprise Products Partners in a research report on Thursday, April 19th. They issued a “buy” rating and a $31.00 target price on the stock. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $30.82.

EPD stock opened at $29.37 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.58 and a debt-to-equity ratio of 1.00. The company has a market cap of $63.80 billion, a P/E ratio of 22.25, a PEG ratio of 6.18 and a beta of 0.85. Enterprise Products Partners L.P. has a 12-month low of $23.10 and a 12-month high of $29.65.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Monday, April 30th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.32 billion. Enterprise Products Partners had a return on equity of 12.95% and a net margin of 9.41%. During the same period in the prior year, the company posted $0.36 EPS. sell-side analysts expect that Enterprise Products Partners L.P. will post 1.59 earnings per share for the current year.

In related news, CEO Aj Teague acquired 24,665 shares of the stock in a transaction that occurred on Thursday, March 29th. The stock was purchased at an average cost of $24.54 per share, for a total transaction of $605,279.10. Following the purchase, the chief executive officer now directly owns 1,616,790 shares in the company, valued at $39,676,026.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 37.50% of the stock is owned by corporate insiders.

About Enterprise Products Partners

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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

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