Capital Investment Advisory Services LLC Raises Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Capital Investment Advisory Services LLC boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 17.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,240 shares of the oil and gas producer’s stock after acquiring an additional 2,500 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Enterprise Products Partners were worth $529,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SRS Capital Advisors Inc. bought a new stake in Enterprise Products Partners in the second quarter valued at $281,000. Hallmark Capital Management Inc. boosted its holdings in shares of Enterprise Products Partners by 9.8% during the second quarter. Hallmark Capital Management Inc. now owns 10,125 shares of the oil and gas producer’s stock worth $292,000 after purchasing an additional 900 shares during the period. Hunter Associates Investment Management LLC boosted its holdings in shares of Enterprise Products Partners by 33.6% during the second quarter. Hunter Associates Investment Management LLC now owns 32,990 shares of the oil and gas producer’s stock worth $952,000 after purchasing an additional 8,300 shares during the period. Reaves W H & Co. Inc. boosted its holdings in shares of Enterprise Products Partners by 12.6% during the second quarter. Reaves W H & Co. Inc. now owns 2,063,100 shares of the oil and gas producer’s stock worth $59,562,000 after purchasing an additional 231,150 shares during the period. Finally, BB&T Securities LLC boosted its holdings in shares of Enterprise Products Partners by 12.9% during the second quarter. BB&T Securities LLC now owns 423,438 shares of the oil and gas producer’s stock worth $12,224,000 after purchasing an additional 48,446 shares during the period. Hedge funds and other institutional investors own 37.23% of the company’s stock.

A number of research firms have recently weighed in on EPD. Scotiabank started coverage on shares of Enterprise Products Partners in a report on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 target price for the company. Stifel Nicolaus raised their target price on shares of Enterprise Products Partners from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada assumed coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 target price for the company. Zacks Investment Research downgraded shares of Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research report on Monday, August 26th. Finally, Piper Jaffray Companies initiated coverage on shares of Enterprise Products Partners in a research note on Wednesday, July 17th. They set an “overweight” rating and a $37.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Enterprise Products Partners has an average rating of “Buy” and a consensus target price of $33.71.

Shares of NYSE EPD traded down $0.01 during trading hours on Friday, hitting $28.67. 445,337 shares of the stock were exchanged, compared to its average volume of 2,927,757. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 1.06. The company has a market cap of $62.85 billion, a PE ratio of 14.78, a PEG ratio of 3.29 and a beta of 0.87. The firm has a fifty day moving average price of $28.84 and a 200-day moving average price of $28.89. Enterprise Products Partners L.P. has a 12 month low of $23.33 and a 12 month high of $30.86.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The business had revenue of $8.28 billion for the quarter, compared to analyst estimates of $8.57 billion. Enterprise Products Partners had a net margin of 14.26% and a return on equity of 20.02%. Enterprise Products Partners’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 EPS. As a group, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.18 earnings per share for the current fiscal year.

In other news, Director Murray E. Brasseux purchased 5,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $30.00 per share, with a total value of $150,000.00. Following the completion of the acquisition, the director now owns 17,885 shares of the company’s stock, valued at approximately $536,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 37.50% of the company’s stock.

Enterprise Products Partners Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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