Cohen Capital Management buys $10,787,668 stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Cohen Capital Management scooped up 9,000 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 Jul 12, 2016. The investment management firm now holds a total of 363,711 shares of Enterprise Products Partners L.P. which is valued at $10,787,668.Enterprise Products Partners L.P. makes up approximately 3.07% of Cohen Capital Management’s portfolio.

Other Hedge Funds, Including , Walnut Private Equity Partners boosted its stake in EPD in the latest quarter, The investment management firm added 13,152 additional shares and now holds a total of 315,152 shares of Enterprise Products Partners L.P. which is valued at $9,347,408. Enterprise Products Partners L.P. makes up approx 7.49% of Walnut Private Equity Partners’s portfolio.Hollencrest Securities boosted its stake in EPD in the latest quarter, The investment management firm added 15,915 additional shares and now holds a total of 51,002 shares of Enterprise Products Partners L.P. which is valued at $1,481,608. Enterprise Products Partners L.P. makes up approx 0.23% of Hollencrest Securities’s portfolio.Edge Wealth Management reduced its stake in EPD by selling 700 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 80,357 shares of EPD which is valued at $2,334,371. Enterprise Products Partners L.P. makes up approx 0.96% of Edge Wealth Management’s portfolio.Stock Yards Bank Trust Co boosted its stake in EPD in the latest quarter, The investment management firm added 283 additional shares and now holds a total of 15,979 shares of Enterprise Products Partners L.P. which is valued at $463,391. Enterprise Products Partners L.P. makes up approx 0.06% of Stock Yards Bank Trust Co’s portfolio.

Enterprise Products Partners L.P. closed down -0.21 points or -0.71% at $29.38 with 30,53,612 shares getting traded on Friday. Post opening the session at $29.75, the shares hit an intraday low of $29.185 and an intraday high of $29.8 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Enterprise Products Partners L.P. reported $0.33 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.33. The company had revenue of $5005.00 million for the quarter, compared to analysts expectations of $6853.38 million. The company’s revenue was down -33.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.34 EPS.

Investors should note that on Jul 7, 2016, Enterprise Products Partners L.P. announced a cash dividend of $0.4000. The company’s management has announced Jul 27, 2016 as the ex-dividend date and fixed the record date on Jul 29, 2016. The payable date has been fixed on Aug 5, 2016.

Many Wall Street Analysts have commented on Enterprise Products Partners L.P.. Bernstein Initiated Enterprise Products Partners L.P. on May 11, 2016 to “Outperform”, Price Target of the shares are set at $33.Seaport Global Securities Downgraded Enterprise Products Partners L.P. on Apr 29, 2016 to ” Neutral”, Price Target of the shares are set at $30.

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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