Tortoise Capital Advisors L.l.c. Lowers stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Tortoise Capital Advisors L.l.c. reduced its stake in Enterprise Products Partners L.P. by 3.82% during the most recent quarter end. The investment management company now holds a total of 39,443,695 shares of Enterprise Products Partners L.P. which is valued at $1,035.8 Million after selling 1,567,567 shares in Enterprise Products Partners L.P. , the firm said in a disclosure report filed with the SEC on May 13, 2016.Enterprise Products Partners L.P. makes up approximately 7.72% of Tortoise Capital Advisors L.l.c.’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in EPD by selling 455,585 shares or 55.43% in the most recent quarter. The Hedge Fund company now holds 366,375 shares of EPD which is valued at $9.6 Million. Enterprise Products Partners L.P. makes up approx 0.03% of Susquehanna International Group Llp’s portfolio.First Interstate Bank reduced its stake in EPD by selling 900 shares or 4.2% in the most recent quarter. The Hedge Fund company now holds 20,535 shares of EPD which is valued at $539,249. Enterprise Products Partners L.P. makes up approx 0.11% of First Interstate Bank’s portfolio.Chartwell Investment Partners reduced its stake in EPD by selling 36,000 shares or 23.23% in the most recent quarter. The Hedge Fund company now holds 119,000 shares of EPD which is valued at $3.1 Million. Enterprise Products Partners L.P. makes up approx 0.06% of Chartwell Investment Partners’s portfolio.Cambridge Investment Research Advisors reduced its stake in EPD by selling 395 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 179,754 shares of EPD which is valued at $4.7 Million. Enterprise Products Partners L.P. makes up approx 0.11% of Cambridge Investment Research Advisors’s portfolio.Tocqueville Asset Management reduced its stake in EPD by selling 2,490 shares or 4.08% in the most recent quarter. The Hedge Fund company now holds 58,530 shares of EPD which is valued at $1.6 Million. Enterprise Products Partners L.P. makes up approx 0.02% of Tocqueville Asset Management’s portfolio.

Enterprise Products Partners L.P. opened for trading at $27.38 and hit $27.8 on the upside on Wednesday, eventually ending the session at $27.73, with a gain of 1.80% or 0.49 points. The heightened volatility saw the trading volume jump to 34,83,340 shares. Company has a market cap of $57,720 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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