Prospera Financial Services Inc Lowers stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Prospera Financial Services Inc reduced its stake in Enterprise Products Partners L.P. by 0.8% during the most recent quarter end. The investment management company now holds a total of 51,465 shares of Enterprise Products Partners L.P. which is valued at $1,403,451 after selling 415 shares in Enterprise Products Partners L.P. , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Enterprise Products Partners L.P. makes up approximately 0.29% of Prospera Financial Services Inc’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in EPD in the latest quarter, The investment management firm added 185,207 additional shares and now holds a total of 5,462,623 shares of Enterprise Products Partners L.P. which is valued at $148,965,729. Enterprise Products Partners L.P. makes up approx 0.96% of Creative Planning’s portfolio.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.New England Research Management boosted its stake in EPD in the latest quarter, The investment management firm added 12,925 additional shares and now holds a total of 24,980 shares of Enterprise Products Partners L.P. which is valued at $671,962. Enterprise Products Partners L.P. makes up approx 0.57% of New England Research Management’s portfolio. First American Trust Fsb sold out all of its stake in EPD during the most recent quarter. The investment firm sold 10,118 shares of EPD which is valued $272,174.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.

Enterprise Products Partners L.P. closed down -0.17 points or -0.62% at $27.27 with 40,75,895 shares getting traded on Tuesday. Post opening the session at $27.44, the shares hit an intraday low of $26.96 and an intraday high of $27.51 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.. 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.

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