Eagle Ridge Investment Management Lowers stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Eagle Ridge Investment Management reduced its stake in Enterprise Products Partners L.P. by 1.91% during the most recent quarter end. The investment management company now holds a total of 52,425 shares of Enterprise Products Partners L.P. which is valued at $1,431,203 after selling 1,019 shares in Enterprise Products Partners L.P. , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Enterprise Products Partners L.P. makes up approximately 0.33% of Eagle Ridge Investment Management’s portfolio.

Enterprise Products Partners L.P. opened for trading at $27.05 and hit $27.3777 on the upside on Wednesday, eventually ending the session at $27.13, with a gain of 1.02% or 0.275 points. The heightened volatility saw the trading volume jump to 53,38,387 shares. Company has a market cap of $54,837 M.

Other Hedge Funds, Including , Hhg Company reduced its stake in EPD by selling 785 shares or 2.97% in the most recent quarter. The Hedge Fund company now holds 25,665 shares of EPD which is valued at $700,655. Enterprise Products Partners L.P. makes up approx 0.19% of Hhg Company’s portfolio.Reilly Financial Advisors reduced its stake in EPD by selling 1,410 shares or 32.47% in the most recent quarter. The Hedge Fund company now holds 2,932 shares of EPD which is valued at $80,044. Enterprise Products Partners L.P. makes up approx 0.02% of Reilly Financial Advisors’s portfolio. Tnb Financial added EPD to its portfolio by purchasing 23,595 company shares during the most recent quarter which is valued at $565,808. Enterprise Products Partners L.P. makes up approx 0.17% of Tnb Financial’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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