Orleans Capital Management Corpla Lowers stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Orleans Capital Management Corpla reduced its stake in Enterprise Products Partners L.P. by 1.47% during the most recent quarter end. The investment management company now holds a total of 96,308 shares of Enterprise Products Partners L.P. which is valued at $2,620,541 after selling 1,438 shares in Enterprise Products Partners L.P. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Enterprise Products Partners L.P. makes up approximately 1.80% of Orleans Capital Management Corpla’s portfolio.

Other Hedge Funds, Including , Yorkville Capital Management boosted its stake in EPD in the latest quarter, The investment management firm added 3,752 additional shares and now holds a total of 172,520 shares of Enterprise Products Partners L.P. which is valued at $4,694,269. Enterprise Products Partners L.P. makes up approx 5.02% of Yorkville Capital Management’s portfolio. Nuveen Fund Advisors added EPD to its portfolio by purchasing 20,112 company shares during the most recent quarter which is valued at $547,248. Enterprise Products Partners L.P. makes up approx 0.08% of Nuveen Fund Advisors’s portfolio.Friedberg Investment Management boosted its stake in EPD in the latest quarter, The investment management firm added 5,350 additional shares and now holds a total of 183,145 shares of Enterprise Products Partners L.P. which is valued at $4,983,375. Enterprise Products Partners L.P. makes up approx 2.30% of Friedberg Investment Management’s portfolio. Airain Ltd sold out all of its stake in EPD during the most recent quarter. The investment firm sold 23,015 shares of EPD which is valued $626,008.Beck Mack Oliver boosted its stake in EPD in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 10,300 shares of Enterprise Products Partners L.P. which is valued at $293,241. Enterprise Products Partners L.P. makes up approx 0.01% of Beck Mack Oliver’s portfolio.

Enterprise Products Partners L.P. closed down -0.05 points or -0.18% at $27.11 with 4,611,091 shares getting traded on Wednesday. Post opening the session at $27.26, the shares hit an intraday low of $26.995 and an intraday high of $27.35 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Enterprise Products Partners L.P. reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.31. The company had revenue of $5617.80 million for the quarter, compared to analysts expectations of $5756.71 million. The company’s revenue was down -20.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on Enterprise Products Partners L.P.. Shares were Reiterated by Wunderlich on Aug 31, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $33 .Enterprise Products Partners L.P. was Downgraded by Morgan Stanley to ” Equal-Weight” on Aug 18, 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.

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