Miracle Mile Advisors adds Enterprise Products Partners L.P. (EPD) to its portfolio

Enterprise Products Partners L.P. (EPD) : Miracle Mile Advisors added new position in Enterprise Products Partners L.P. during the most recent quarter end. The investment management firm now holds 12,648 shares of Enterprise Products Partners L.P. which is valued at $329,480 , the company said in a statement filed on May 3, 2016 with the SEC.Enterprise Products Partners L.P. makes up approximately 0.12% of Miracle Mile Advisors’s portfolio.

Other Hedge Funds, Including , Hyman Charles D boosted its stake in EPD in the latest quarter, The investment management firm added 310 additional shares and now holds a total of 14,741 shares of Enterprise Products Partners L.P. which is valued at $384,003. Enterprise Products Partners L.P. makes up approx 0.06% of Hyman Charles D’s portfolio.Parsec Financial Management reduced its stake in EPD by selling 624 shares or 5.33% in the most recent quarter. The Hedge Fund company now holds 11,080 shares of EPD which is valued at $295,725. Enterprise Products Partners L.P. makes up approx 0.03% of Parsec Financial Management’s portfolio.Douglass Winthrop Advisors reduced its stake in EPD by selling 6,400 shares or 20.92% in the most recent quarter. The Hedge Fund company now holds 24,200 shares of EPD which is valued at $645,898. Enterprise Products Partners L.P. makes up approx 0.05% of Douglass Winthrop Advisors’s portfolio.North Star Investment Management Corp. reduced its stake in EPD by selling 1,984 shares or 30.2% in the most recent quarter. The Hedge Fund company now holds 4,585 shares of EPD which is valued at $122,374. Enterprise Products Partners L.P. makes up approx 0.02% of North Star Investment Management Corp.’s portfolio.Seaward Management Limited Partnership reduced its stake in EPD by selling 300 shares or 1.05% in the most recent quarter. The Hedge Fund company now holds 28,200 shares of EPD which is valued at $769,860. Enterprise Products Partners L.P. makes up approx 0.04% of Seaward Management Limited Partnership’s portfolio.

Enterprise Products Partners L.P. opened for trading at $25.75 and hit $26.155 on the upside on Tuesday, eventually ending the session at $25.69, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 63,61,491 shares. Company has a market cap of $53,474 M.

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.. 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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