Enterprise Products Partners L.P. (EPD) : Tph Asset Management scooped up 548,496 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 13, 2016. The investment management firm now holds a total of 1,613,256 shares of Enterprise Products Partners L.P. which is valued at $42.4 Million.Enterprise Products Partners L.P. makes up approximately 4.62% of Tph Asset Management’s portfolio.
Other Hedge Funds, Including , Pinnacle Associates Ltd reduced its stake in EPD by selling 1,137 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 176,319 shares of EPD which is valued at $4.6 Million. Enterprise Products Partners L.P. makes up approx 0.10% of Pinnacle Associates Ltd’s portfolio.Optimum Investment Advisors reduced its stake in EPD by selling 2,733 shares or 4.73% in the most recent quarter. The Hedge Fund company now holds 55,066 shares of EPD which is valued at $1.4 Million. Enterprise Products Partners L.P. makes up approx 0.58% of Optimum Investment Advisors’s portfolio. Harfst Associates sold out all of its stake in EPD during the most recent quarter. The investment firm sold 7,184 shares of EPD which is valued $187,143. Thompson Davis added EPD to its portfolio by purchasing 1,328 company shares during the most recent quarter which is valued at $34,594. Enterprise Products Partners L.P. makes up approx 0.05% of Thompson Davis’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.