Edgemoor Investment Advisors Inc. boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 14.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 236,015 shares of the oil and gas producer’s stock after buying an additional 29,455 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Enterprise Products Partners L.P. were worth $6,516,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Evanson Asset Management LLC increased its stake in shares of Enterprise Products Partners L.P. by 1.0% in the first quarter. Evanson Asset Management LLC now owns 110,131 shares of the oil and gas producer’s stock worth $3,041,000 after buying an additional 1,110 shares during the last quarter. North American Management Corp increased its stake in shares of Enterprise Products Partners L.P. by 6.1% in the first quarter. North American Management Corp now owns 175,930 shares of the oil and gas producer’s stock worth $4,857,000 after buying an additional 10,121 shares during the last quarter. Whalerock Point Partners LLC increased its stake in shares of Enterprise Products Partners L.P. by 8.9% in the fourth quarter. Whalerock Point Partners LLC now owns 77,130 shares of the oil and gas producer’s stock worth $2,086,000 after buying an additional 6,280 shares during the last quarter. Comerica Bank increased its stake in shares of Enterprise Products Partners L.P. by 9.5% in the fourth quarter. Comerica Bank now owns 53,883 shares of the oil and gas producer’s stock worth $1,476,000 after buying an additional 4,670 shares during the last quarter. Finally, Ibex Wealth Advisors purchased a new stake in shares of Enterprise Products Partners L.P. during the fourth quarter worth about $2,076,000. 38.59% of the stock is currently owned by hedge funds and other institutional investors.

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

Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.82 on Friday. The company has a market capitalization of $57.30 billion, a PE ratio of 21.72 and a beta of 0.91. The firm’s 50-day moving average is $26.95 and its 200-day moving average is $27.34. Enterprise Products Partners L.P. has a 12 month low of $24.01 and a 12 month high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings data on Tuesday, May 2nd. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The business had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $6.05 billion. Enterprise Products Partners L.P. had a return on equity of 11.73% and a net margin of 10.31%. The company’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. Equities analysts anticipate that Enterprise Products Partners L.P. will post $1.42 EPS for the current fiscal year.

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A number of equities research analysts have recently issued reports on EPD shares. Scotiabank reissued a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a report on Sunday, March 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $33.00 target price on shares of Enterprise Products Partners L.P. in a research note on Tuesday, April 4th. Sanford C. Bernstein assumed coverage on shares of Enterprise Products Partners L.P. in a research note on Tuesday, May 16th. They issued an “outperform” rating on the stock. Guggenheim assumed coverage on shares of Enterprise Products Partners L.P. in a research note on Monday, April 17th. They issued a “buy” rating and a $32.00 target price on the stock. Finally, Vetr raised shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 target price on the stock in a research note on Monday, April 24th. Seventeen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $32.00.

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.

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