Center Coast Capital Advisors Lp buys $257,338,072 stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Center Coast Capital Advisors Lp scooped up 881,983 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 20, 2016. The investment management firm now holds a total of 9,426,303 shares of Enterprise Products Partners L.P. which is valued at $257,338,072.Enterprise Products Partners L.P. makes up approximately 7.81% of Center Coast Capital Advisors Lp’s portfolio.

Enterprise Products Partners L.P. opened for trading at $26.93 and hit $27.3 on the upside on Friday, eventually ending the session at $27.3, with a gain of 1.90% or 0.51 points. The heightened volatility saw the trading volume jump to 46,96,654 shares. Company has a market cap of $55,180 M.

Other Hedge Funds, Including , Fox Run Management L.l.c. sold out all of its stake in EPD during the most recent quarter. The investment firm sold 39,800 shares of EPD which is valued $1,086,540.Horizon Kinetics boosted its stake in EPD in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 24,467 shares of Enterprise Products Partners L.P. which is valued at $586,719. Enterprise Products Partners L.P. makes up approx 0.02% of Horizon Kinetics’s portfolio.Blue Bell Private Wealth Management boosted its stake in EPD in the latest quarter, The investment management firm added 484 additional shares and now holds a total of 1,138 shares of Enterprise Products Partners L.P. which is valued at $27,289. Enterprise Products Partners L.P. makes up approx 0.02% of Blue Bell Private Wealth Management’s portfolio. Private Asset Management Inc added EPD to its portfolio by purchasing 11,054 company shares during the most recent quarter which is valued at $269,275. Enterprise Products Partners L.P. makes up approx 0.05% of Private Asset Management Inc’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.

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.

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