Jfs Wealth Advisors Lowers stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Jfs Wealth Advisors reduced its stake in Enterprise Products Partners L.P. by 0.2% during the most recent quarter end. The investment management company now holds a total of 207,534 shares of Enterprise Products Partners L.P. which is valued at $5,539,082 after selling 417 shares in Enterprise Products Partners L.P. , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Enterprise Products Partners L.P. makes up approximately 1.61% of Jfs Wealth Advisors’s portfolio.

Enterprise Products Partners L.P. closed down -0.77 points or -2.88% at $25.92 with 79,84,354 shares getting traded on Monday. Post opening the session at $26.56, the shares hit an intraday low of $25.54 and an intraday high of $26.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Westbourne Investment Advisors boosted its stake in EPD in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 10,500 shares of Enterprise Products Partners L.P. which is valued at $280,245. Enterprise Products Partners L.P. makes up approx 0.27% of Westbourne Investment Advisors’s portfolio.Family Capital Trust Co reduced its stake in EPD by selling 775 shares or 16.09% in the most recent quarter. The Hedge Fund company now holds 4,043 shares of EPD which is valued at $110,374. Enterprise Products Partners L.P. makes up approx 0.06% of Family Capital Trust Co’s portfolio.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.

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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