Enterprise Products Partners L.P. (EPD) Shares Bought by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC lifted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,440 shares of the oil and gas producer’s stock after purchasing an additional 2,560 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Enterprise Products Partners L.P. were worth $2,070,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in EPD. First Financial Corp IN lifted its position in Enterprise Products Partners L.P. by 11.1% in 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 acquiring an additional 400 shares in the last quarter. First Eagle Investment Management LLC bought a new position in Enterprise Products Partners L.P. in the 2nd quarter valued at about $130,000. Camarda Financial Advisors LLC lifted its position 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 acquiring an additional 27 shares in the last quarter. Intellectus Partners LLC lifted its position 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 acquiring an additional 399 shares in the last quarter. Finally, Archford Capital Strategies LLC lifted its position in Enterprise Products Partners L.P. by 42.4% in the 1st quarter. Archford Capital Strategies LLC now owns 6,959 shares of the oil and gas producer’s stock valued at $192,000 after acquiring an additional 2,071 shares in the last quarter. 37.55% of the stock is currently owned by institutional investors.

Shares of Enterprise Products Partners L.P. (EPD) opened at 26.04 on Wednesday. Enterprise Products Partners L.P. has a 1-year low of $24.01 and a 1-year high of $30.25. The stock has a market cap of $55.93 billion, a price-to-earnings ratio of 20.49 and a beta of 0.90. The firm 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 issued its 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). The firm had revenue of $6.61 billion during the quarter, compared to the consensus estimate 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 company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS. Equities research analysts forecast that Enterprise Products Partners L.P. will post $1.35 earnings per share for the current year.

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Several equities analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a research report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $30.00 price target 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. BidaskClub cut shares of Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Scotiabank set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a research report on Friday, July 21st. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $31.30.

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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