Avalon Advisors buys $30,165,387 stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Avalon Advisors scooped up 208,966 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 Aug 15, 2016. The investment management firm now holds a total of 1,108,614 shares of Enterprise Products Partners L.P. which is valued at $30,165,387.Enterprise Products Partners L.P. makes up approximately 1.14% of Avalon Advisors’s portfolio.

Other Hedge Funds, Including , Tph Asset Management reduced its stake in EPD by selling 28,477 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 1,584,779 shares of EPD which is valued at $43,121,837. Enterprise Products Partners L.P. makes up approx 4.14% of Tph Asset Management’s portfolio.Parsons Capital Management Incri reduced its stake in EPD by selling 200 shares or 1.82% in the most recent quarter. The Hedge Fund company now holds 10,780 shares of EPD which is valued at $293,324. Enterprise Products Partners L.P. makes up approx 0.04% of Parsons Capital Management Incri’s portfolio. Wall Street Access Asset Management sold out all of its stake in EPD during the most recent quarter. The investment firm sold 160 shares of EPD which is valued $4,368.Duff Phelps Investment Management Co boosted its stake in EPD in the latest quarter, The investment management firm added 40,000 additional shares and now holds a total of 2,000,800 shares of Enterprise Products Partners L.P. which is valued at $56,962,776. Enterprise Products Partners L.P. makes up approx 0.84% of Duff Phelps Investment Management Co’s portfolio.Evanson Asset Management reduced its stake in EPD by selling 3,578 shares or 3.2% in the most recent quarter. The Hedge Fund company now holds 108,366 shares of EPD which is valued at $3,201,132. Enterprise Products Partners L.P. makes up approx 0.94% of Evanson Asset Management’s portfolio.

Enterprise Products Partners L.P. opened for trading at $26.26 and hit $26.54 on the upside on Thursday, eventually ending the session at $26.52, with a gain of 0.45% or 0.12 points. The heightened volatility saw the trading volume jump to 28,86,608 shares. Company has a market cap of $55,547 M.

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.. Shares were Reiterated by Wunderlich on Aug 31, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $33 .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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