Enterprise Products Partners L.P. (EPD) : Shikiar Asset Management Inc added new position in Enterprise Products Partners L.P. during the most recent quarter end. The investment management firm now holds 8,500 shares of Enterprise Products Partners L.P. which is valued at $232,050 , the company said in a statement filed on Apr 21, 2016 with the SEC.Enterprise Products Partners L.P. makes up approximately 0.11% of Shikiar Asset Management Inc’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 , Center Coast Capital Advisors Lp boosted its stake in EPD in the latest quarter, The investment management firm added 881,983 additional shares and 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 approx 7.81% of Center Coast Capital Advisors Lp’s portfolio. Firstmerit Bank N A Trustee sold out all of its stake in EPD during the most recent quarter. The investment firm sold 8,699 shares of EPD which is valued $237,483.Btr Capital Management Inc reduced its stake in EPD by selling 2,800 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 8,402 shares of EPD which is valued at $201,480. Enterprise Products Partners L.P. makes up approx 0.05% of Btr Capital 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.