Catawba Capital Management Va buys $5,024,625 stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Catawba Capital Management Va scooped up 7,445 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 Oct 7, 2016. The investment management firm now holds a total of 186,928 shares of Enterprise Products Partners L.P. which is valued at $5,024,625.Enterprise Products Partners L.P. makes up approximately 1.21% of Catawba Capital Management Va’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in EPD in the latest quarter, The investment management firm added 3,448 additional shares and now holds a total of 34,781 shares of Enterprise Products Partners L.P. which is valued at $934,913. Enterprise Products Partners L.P. makes up approx 0.18% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in EPD by selling 52,534 shares or 12.73% in the most recent quarter. The Hedge Fund company now holds 360,066 shares of EPD which is valued at $9,685,775. Enterprise Products Partners L.P. makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio. Trust Asset Management added EPD to its portfolio by purchasing 219,461 company shares during the most recent quarter which is valued at $5,903,501. Enterprise Products Partners L.P. makes up approx 2.40% of Trust Asset Management’s portfolio.Telemus Capital reduced its stake in EPD by selling 3,126 shares or 3.65% in the most recent quarter. The Hedge Fund company now holds 82,441 shares of EPD which is valued at $2,217,663. Enterprise Products Partners L.P. makes up approx 0.25% of Telemus Capital’s portfolio.Norman Fields Gottscho Capital Management boosted its stake in EPD in the latest quarter, The investment management firm added 6,400 additional shares and now holds a total of 58,940 shares of Enterprise Products Partners L.P. which is valued at $1,585,486. Enterprise Products Partners L.P. makes up approx 1.06% of Norman Fields Gottscho Capital Management’s portfolio.

Enterprise Products Partners L.P. opened for trading at $26.77 and hit $26.98 on the upside on Friday, eventually ending the session at $26.88, with a gain of 0.45% or 0.12 points. The heightened volatility saw the trading volume jump to 41,64,768 shares. Company has a market cap of $56,301 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.. Mizuho Initiated Enterprise Products Partners L.P. on Sep 30, 2016 to “Buy”, Price Target of the shares are set at $32.Enterprise Products Partners L.P. was Upgraded by Credit Suisse to ” Outperform” on Sep 19, 2016. 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. 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.

Leave a Reply

Enterprise Products Partners L.P. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Enterprise Products Partners L.P.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.