Enterprise Products Partners L.P. (EPD) : Capital Advisors Ltd. scooped up 500 additional shares in Enterprise Products Partners L.P. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 15,554 shares of Enterprise Products Partners L.P. which is valued at $372,985.Enterprise Products Partners L.P. makes up approximately 0.18% of Capital Advisors Ltd.’s portfolio.
Enterprise Products Partners L.P. opened for trading at $26.99 and hit $27.16 on the upside on Wednesday, eventually ending the session at $26.79, with a gain of 0.34% or 0.09 points. The heightened volatility saw the trading volume jump to 50,08,904 shares. Company has a market cap of $54,150 M.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in EPD during the most recent quarter. The investment firm sold 32,034 shares of EPD which is valued $768,175.Neville Rodie Shaw Inc reduced its stake in EPD by selling 1,783 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 188,379 shares of EPD which is valued at $4,517,328. Enterprise Products Partners L.P. makes up approx 0.54% of Neville Rodie Shaw Inc’s portfolio.North American Management Corp boosted its stake in EPD in the latest quarter, The investment management firm added 1,806 additional shares and now holds a total of 171,795 shares of Enterprise Products Partners L.P. which is valued at $4,119,644. Enterprise Products Partners L.P. makes up approx 0.66% of North American Management Corp’s portfolio.Hollencrest Securities reduced its stake in EPD by selling 26,689 shares or 43.2% in the most recent quarter. The Hedge Fund company now holds 35,087 shares of EPD which is valued at $854,719. Enterprise Products Partners L.P. makes up approx 0.15% of Hollencrest Securities’s portfolio.
On the company’s financial health, Enterprise Products Partners L.P. reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.34. The company had revenue of $6155.00 million for the quarter, compared to analysts expectations of $7341.25 million. The company’s revenue was down -39.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.36 EPS.
Many Wall Street Analysts have commented on Enterprise Products Partners L.P.. Enterprise Products Partners L.P. was Upgraded by Morgan Stanley to ” Overweight” on Jan 20, 2016.
Enterprise Products Partners L.P. is a provider of midstream energy services to producers and consumers of natural gas natural gas liquids (NGLs) crude oil petrochemicals and refined products. The Company operates in five segments: NGL Pipelines & Services segment includes its natural gas processing plants and related NGL marketing activities; Onshore Natural Gas Pipelines & Services segment includes approximately 19300 miles of onshore natural gas pipeline systems; Onshore Crude Oil Pipelines & Services segment includes approximately 5400 miles of onshore crude oil pipelines crude oil storage terminals; Offshore Pipelines & Services segment serves drilling and development regions including deepwater production fields and Petrochemical & Refined Products Services segment includes propylene fractionation and related operations including approximately 680 miles of pipelines. Its asset portfolio includes 24 natural gas processing plants and 22 NGL and propylene fractionators.