Mycio Wealth Partners LLC Maintains Holdings in Enterprise Products Partners L.P. (EPD)

Mycio Wealth Partners LLC held its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,615 shares of the oil and gas producer’s stock at the close of the 2nd quarter. Mycio Wealth Partners LLC’s holdings in Enterprise Products Partners L.P. were worth $348,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Private Harbour Investment Management & Counsel LLC lifted its stake in Enterprise Products Partners L.P. by 1.0% during the 2nd quarter. Private Harbour Investment Management & Counsel LLC now owns 48,460 shares of the oil and gas producer’s stock valued at $1,312,000 after acquiring an additional 500 shares during the period. Brookstone Capital Management acquired a new stake in Enterprise Products Partners L.P. during the 2nd quarter valued at approximately $264,000. Neuberger Berman Group LLC lifted its stake in Enterprise Products Partners L.P. by 7.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 19,163,137 shares of the oil and gas producer’s stock valued at $518,938,000 after acquiring an additional 1,357,877 shares during the period. Blume Capital Management Inc. lifted its stake in Enterprise Products Partners L.P. by 5.3% during the 2nd quarter. Blume Capital Management Inc. now owns 11,000 shares of the oil and gas producer’s stock valued at $298,000 after acquiring an additional 550 shares during the period. Finally, Financial Advisory Group acquired a new stake in Enterprise Products Partners L.P. during the 2nd quarter valued at approximately $309,000. Institutional investors and hedge funds own 37.85% of the company’s stock.

Several analysts have commented on EPD shares. Sanford C. Bernstein started coverage on shares of Enterprise Products Partners L.P. in a research note on Tuesday, May 16th. They set an “outperform” rating for the company. BMO Capital Markets set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a research note on Monday, June 5th. Morgan Stanley upgraded shares of Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $26.37 to $26.50 in a research note on Thursday, June 15th. BidaskClub upgraded shares of Enterprise Products Partners L.P. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus restated a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Friday, July 14th. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $31.39.

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Shares of Enterprise Products Partners L.P. (EPD) opened at 26.26 on Tuesday. The company has a 50-day moving average of $26.20 and a 200 day moving average of $26.98. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The stock has a market cap of $56.41 billion, a price-to-earnings ratio of 20.66 and a beta of 0.90.

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

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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