Garrison Bradford Associates Inc buys $4,133,666 stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Garrison Bradford Associates Inc scooped up 2,901 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 May 2, 2016. The investment management firm now holds a total of 158,682 shares of Enterprise Products Partners L.P. which is valued at $4,133,666.Enterprise Products Partners L.P. makes up approximately 4.82% of Garrison Bradford Associates Inc’s portfolio.

Enterprise Products Partners L.P. opened for trading at $25.89 and hit $26.24 on the upside on Friday, eventually ending the session at $26.05, with a gain of 1.56% or 0.4 points. The heightened volatility saw the trading volume jump to 51,20,317 shares. Company has a market cap of $54,223 M.

Other Hedge Funds, Including , St. James Investment Company reduced its stake in EPD by selling 6,775 shares or 25.98% in the most recent quarter. The Hedge Fund company now holds 19,303 shares of EPD which is valued at $502,843. Enterprise Products Partners L.P. makes up approx 0.06% of St. James Investment Company’s portfolio.Commerce Bank reduced its stake in EPD by selling 5,821 shares or 5.01% in the most recent quarter. The Hedge Fund company now holds 110,482 shares of EPD which is valued at $2,948,765. Enterprise Products Partners L.P. makes up approx 0.05% of Commerce Bank’s portfolio.Jfs Wealth Advisors reduced its stake in EPD by selling 417 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 207,534 shares of EPD which is valued at $5,539,082. Enterprise Products Partners L.P. makes up approx 1.61% of Jfs Wealth Advisors’s portfolio.Eagle Ridge Investment Management reduced its stake in EPD by selling 1,019 shares or 1.91% in the most recent quarter. The Hedge Fund company now holds 52,425 shares of EPD which is valued at $1,431,203. Enterprise Products Partners L.P. makes up approx 0.33% of Eagle Ridge Investment Management’s portfolio.

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.

Many Wall Street Analysts have commented on Enterprise Products Partners L.P.. 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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