Weatherly Asset Management L. P. Lowers stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Weatherly Asset Management L. P. reduced its stake in Enterprise Products Partners L.P. by 6.03% during the most recent quarter end. The investment management company now holds a total of 20,272 shares of Enterprise Products Partners L.P. which is valued at $553,426 after selling 1,300 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 0.19% of Weatherly Asset Management L. P.’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 , Shikiar Asset Management Inc added EPD to its portfolio by purchasing 8,500 company shares during the most recent quarter which is valued at $232,050. Enterprise Products Partners L.P. makes up approx 0.11% of Shikiar Asset Management Inc’s portfolio.Ronna Sue Cohen boosted its stake in EPD in the latest quarter, The investment management firm added 344 additional shares and now holds a total of 44,832 shares of Enterprise Products Partners L.P. which is valued at $1,223,914. Enterprise Products Partners L.P. makes up approx 1.03% of Ronna Sue Cohen’s portfolio.Lucas Capital Management reduced its stake in EPD by selling 1,200 shares or 10.0% in the most recent quarter. The Hedge Fund company now holds 10,796 shares of EPD which is valued at $294,731. Enterprise Products Partners L.P. makes up approx 0.20% of Lucas Capital Management’s portfolio.Independent Portfolio Consultants boosted its stake in EPD in the latest quarter, The investment management firm added 1,870 additional shares and now holds a total of 4,125 shares of Enterprise Products Partners L.P. which is valued at $98,918. Enterprise Products Partners L.P. makes up approx 0.03% of Independent Portfolio Consultants’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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