ERTS Wealth Advisors LLC lifted its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 12.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,120 shares of the oil and gas producer’s stock after purchasing an additional 1,510 shares during the quarter. ERTS Wealth Advisors LLC’s holdings in Enterprise Products Partners were worth $408,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EPD. Commonwealth Bank of Australia grew its position in shares of Enterprise Products Partners by 4,745.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,845,253 shares of the oil and gas producer’s stock valued at $82,134,000 after purchasing an additional 2,786,536 shares during the period. BlackRock Inc. raised its stake in shares of Enterprise Products Partners by 10.9% during the 1st quarter. BlackRock Inc. now owns 16,970,293 shares of the oil and gas producer’s stock worth $493,835,000 after purchasing an additional 1,665,379 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Enterprise Products Partners by 27.6% during the 1st quarter. Wells Fargo & Company MN now owns 6,200,604 shares of the oil and gas producer’s stock worth $180,437,000 after purchasing an additional 1,341,023 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Enterprise Products Partners by 4.6% during the 1st quarter. Neuberger Berman Group LLC now owns 19,942,261 shares of the oil and gas producer’s stock worth $580,320,000 after purchasing an additional 884,418 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Enterprise Products Partners by 42.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,370,207 shares of the oil and gas producer’s stock worth $68,387,000 after purchasing an additional 709,038 shares in the last quarter. Institutional investors and hedge funds own 37.23% of the company’s stock.

A number of research firms recently weighed in on EPD. Zacks Investment Research cut Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Monday, August 26th. ValuEngine cut Enterprise Products Partners from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Stifel Nicolaus increased their price target on 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 began coverage on Enterprise Products Partners in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $35.00 price target on the stock. Finally, Scotiabank began coverage on Enterprise Products Partners in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $35.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $33.71.

In other news, Director Murray E. Brasseux acquired 5,000 shares of the stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $30.00 per share, for a total transaction of $150,000.00. Following the transaction, the director now directly owns 17,885 shares of the company’s stock, valued at $536,550. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 37.50% of the stock is owned by company insiders.

EPD stock traded up $0.02 during trading hours on Friday, hitting $28.70. 700,537 shares of the stock were exchanged, compared to its average volume of 2,927,757. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $62.85 billion, a P/E ratio of 14.79, a P/E/G ratio of 3.29 and a beta of 0.87. The company has a 50-day simple moving average of $28.84 and a two-hundred day simple moving average 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 posted its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The firm had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $8.57 billion. Enterprise Products Partners had a return on equity of 20.02% and a net margin of 14.26%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 EPS. On average, equities research analysts predict that Enterprise Products Partners L.P. will post 2.18 earnings per share for the current year.

Enterprise Products Partners Company 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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