Mosaic Family Wealth buys $2.1 Million stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Mosaic Family Wealth scooped up 428 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 12, 2016. The investment management firm now holds a total of 81,653 shares of Enterprise Products Partners L.P. which is valued at $2.1 Million.Enterprise Products Partners L.P. makes up approximately 1.03% of Mosaic Family Wealth’s portfolio.

Other Hedge Funds, Including , Balentine sold out all of its stake in EPD during the most recent quarter. The investment firm sold 16,149 shares of EPD which is valued $424,073.Marco Investment Management boosted its stake in EPD in the latest quarter, The investment management firm added 30,800 additional shares and now holds a total of 200,905 shares of Enterprise Products Partners L.P. which is valued at $5.3 Million. Enterprise Products Partners L.P. makes up approx 0.82% of Marco Investment Management’s portfolio.Hilton Capital Management reduced its stake in EPD by selling 17,748 shares or 2.92% in the most recent quarter. The Hedge Fund company now holds 589,189 shares of EPD which is valued at $15.3 Million. Enterprise Products Partners L.P. makes up approx 5.24% of Hilton Capital Management’s portfolio.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.

Enterprise Products Partners L.P. opened for trading at $27.23 and hit $27.53 on the upside on Friday, eventually ending the session at $27.37, with a gain of 0.77% or 0.21 points. The heightened volatility saw the trading volume jump to 43,83,541 shares. Company has a market cap of $56,971 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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