Lake Street Advisors Group LLC boosted its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 456.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,455 shares of the oil and gas producer’s stock after buying an additional 63,543 shares during the period. Lake Street Advisors Group LLC’s holdings in Enterprise Products Partners were worth $2,143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Glenview Trust Co boosted its stake in shares of Enterprise Products Partners by 18.5% during the 2nd quarter. Glenview Trust Co now owns 11,109 shares of the oil and gas producer’s stock worth $307,000 after acquiring an additional 1,735 shares in the last quarter. Gilman Hill Asset Management LLC boosted its stake in shares of Enterprise Products Partners by 1.3% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 140,292 shares of the oil and gas producer’s stock worth $3,882,000 after acquiring an additional 1,755 shares in the last quarter. Central Bank & Trust Co. boosted its stake in shares of Enterprise Products Partners by 7.3% during the 2nd quarter. Central Bank & Trust Co. now owns 26,826 shares of the oil and gas producer’s stock worth $742,000 after acquiring an additional 1,826 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Enterprise Products Partners by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,863 shares of the oil and gas producer’s stock worth $854,000 after acquiring an additional 1,849 shares in the last quarter. Finally, Tocqueville Asset Management L.P. boosted its stake in shares of Enterprise Products Partners by 9.4% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 22,711 shares of the oil and gas producer’s stock worth $628,000 after acquiring an additional 1,950 shares in the last quarter. 36.52% of the stock is currently owned by hedge funds and other institutional investors.

EPD stock opened at $29.23 on Monday. Enterprise Products Partners L.P. has a fifty-two week low of $23.10 and a fifty-two week high of $30.05. The firm has a market cap of $62.48 billion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 5.74 and a beta of 0.91. The company has a quick ratio of 0.56, a current ratio of 0.74 and a debt-to-equity ratio of 1.00.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.07. The company had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Enterprise Products Partners had a return on equity of 14.42% and a net margin of 8.95%. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period last year, the firm earned $0.30 EPS. equities research analysts expect that Enterprise Products Partners L.P. will post 1.68 EPS for the current fiscal year.

Several research firms have recently issued reports on EPD. Zacks Investment Research downgraded Enterprise Products Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine downgraded Enterprise Products Partners from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $34.00 price objective on shares of Enterprise Products Partners in a research report on Friday, July 13th. Bank of America increased their target price on Enterprise Products Partners from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Finally, Morgan Stanley increased their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, August 17th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.38.

In other Enterprise Products Partners news, CEO Aj Teague bought 3,390 shares of Enterprise Products Partners stock in a transaction on Thursday, August 2nd. The shares were purchased at an average cost of $29.48 per share, for a total transaction of $99,937.20. Following the completion of the acquisition, the chief executive officer now owns 1,616,790 shares in the company, valued at approximately $47,662,969.20. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 37.50% of the stock is owned by company insiders.

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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