Homrich Berg Lowers stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Homrich Berg reduced its stake in Enterprise Products Partners L.P. by 34.88% during the most recent quarter end. The investment management company now holds a total of 130,674 shares of Enterprise Products Partners L.P. which is valued at $3,555,640 after selling 69,992 shares in Enterprise Products Partners L.P. , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Enterprise Products Partners L.P. makes up approximately 0.33% of Homrich Berg’s portfolio.

Other Hedge Funds, Including , Ironsides Asset Advisors sold out all of its stake in EPD during the most recent quarter. The investment firm sold 21,108 shares of EPD which is valued $574,349.Sandy Spring Bank boosted its stake in EPD in the latest quarter, The investment management firm added 2,484 additional shares and now holds a total of 70,738 shares of Enterprise Products Partners L.P. which is valued at $1,948,125. Enterprise Products Partners L.P. makes up approx 0.22% of Sandy Spring Bank’s portfolio. Wills Financial Group sold out all of its stake in EPD during the most recent quarter. The investment firm sold 10,768 shares of EPD which is valued $292,890.Parkside Financial Bank Trust reduced its stake in EPD by selling 1,355 shares or 1.76% in the most recent quarter. The Hedge Fund company now holds 75,478 shares of EPD which is valued at $2,060,549. Enterprise Products Partners L.P. makes up approx 0.98% of Parkside Financial Bank Trust’s portfolio.Riggs Asset Managment boosted its stake in EPD in the latest quarter, The investment management firm added 89,372 additional shares and now holds a total of 189,415 shares of Enterprise Products Partners L.P. which is valued at $5,392,645. Enterprise Products Partners L.P. makes up approx 2.75% of Riggs Asset Managment’s portfolio.

Enterprise Products Partners L.P. closed down -0.21 points or -0.78% at $26.81 with 74,47,277 shares getting traded on Friday. Post opening the session at $26.95, the shares hit an intraday low of $26.47 and an intraday high of $27.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Enterprise Products Partners L.P. reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.31. The company had revenue of $5617.80 million for the quarter, compared to analysts expectations of $5756.71 million. The company’s revenue was down -20.8 % 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.. Enterprise Products Partners L.P. was Downgraded by Morgan Stanley to ” Equal-Weight” on Aug 18, 2016.

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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