Enterprise Products Partners L.P. (EPD) is Third Security LLC’s 5th Largest Position

Third Security LLC raised its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 9.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,135,734 shares of the oil and gas producer’s stock after purchasing an additional 99,900 shares during the period. Enterprise Products Partners L.P. makes up approximately 1.6% of Third Security LLC’s holdings, making the stock its 5th biggest position. Third Security LLC owned 0.05% of Enterprise Products Partners L.P. worth $30,756,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Usca Ria LLC lifted its holdings in shares of Enterprise Products Partners L.P. by 1.0% during the 1st quarter. Usca Ria LLC now owns 505,890 shares of the oil and gas producer’s stock worth $13,968,000 after acquiring an additional 5,076 shares during the period. Thompson Investment Management Inc. lifted its holdings in shares of Enterprise Products Partners L.P. by 3.0% during the 1st quarter. Thompson Investment Management Inc. now owns 13,406 shares of the oil and gas producer’s stock worth $370,000 after acquiring an additional 389 shares during the period. Vantage Investment Partners LLC lifted its holdings in shares of Enterprise Products Partners L.P. by 20.6% during the 1st quarter. Vantage Investment Partners LLC now owns 358,832 shares of the oil and gas producer’s stock worth $9,907,000 after acquiring an additional 61,416 shares during the period. Adell Harriman & Carpenter Inc. lifted its holdings in shares of Enterprise Products Partners L.P. by 2.8% during the 1st quarter. Adell Harriman & Carpenter Inc. now owns 405,657 shares of the oil and gas producer’s stock worth $11,200,000 after acquiring an additional 11,212 shares during the period. Finally, Nwam LLC lifted its holdings in shares of Enterprise Products Partners L.P. by 8.0% during the 1st quarter. Nwam LLC now owns 17,454 shares of the oil and gas producer’s stock worth $482,000 after acquiring an additional 1,290 shares during the period. 37.85% of the stock is owned by hedge funds and other institutional investors.

EPD has been the subject of a number of analyst reports. BMO Capital Markets set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Monday, June 5th. Morgan Stanley raised shares of Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $26.37 to $26.50 in a report on Thursday, June 15th. BidaskClub raised shares of Enterprise Products Partners L.P. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a report on Friday, July 14th. Finally, Scotiabank set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Friday, July 21st. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.49.

Enterprise Products Partners L.P. (NYSE EPD) opened at 26.11 on Friday. The company’s 50-day moving average is $26.05 and its 200 day moving average is $26.94. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The company has a market capitalization of $56.08 billion, a P/E ratio of 20.54 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The firm had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the prior year, the company earned $0.27 EPS. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. Analysts predict that Enterprise Products Partners L.P. will post $1.35 EPS for the current year.

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Enterprise Products Partners L.P. Company Profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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

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