FCA Corp TX boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.2% during the first quarter, Holdings Channel reports. The institutional investor owned 75,001 shares of the oil and gas producer’s stock after buying an additional 153 shares during the period. FCA Corp TX’s holdings in Enterprise Products Partners L.P. were worth $2,071,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Gould Asset Management LLC CA raised its position in shares of Enterprise Products Partners L.P. by 5.7% in the fourth quarter. Gould Asset Management LLC CA now owns 22,461 shares of the oil and gas producer’s stock valued at $607,000 after buying an additional 1,215 shares in the last quarter. Wesbanco Bank Inc. raised its position in shares of Enterprise Products Partners L.P. by 0.7% in the fourth quarter. Wesbanco Bank Inc. now owns 14,317 shares of the oil and gas producer’s stock valued at $387,000 after buying an additional 100 shares in the last quarter. Third Security LLC purchased a new position in shares of Enterprise Products Partners L.P. during the fourth quarter valued at approximately $28,009,000. Radnor Capital Management LLC purchased a new position in shares of Enterprise Products Partners L.P. during the fourth quarter valued at approximately $389,000. Finally, Cutter & CO Brokerage Inc. purchased a new position in shares of Enterprise Products Partners L.P. during the fourth quarter valued at approximately $5,008,000. 38.59% of the stock is owned by institutional investors and hedge funds.

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

Shares of Enterprise Products Partners L.P. (EPD) opened at 26.82 on Friday. Enterprise Products Partners L.P. has a 1-year low of $24.01 and a 1-year high of $30.25. The company has a market capitalization of $57.30 billion, a P/E ratio of 21.72 and a beta of 0.91. The firm’s 50 day moving average price is $26.95 and its 200-day moving average price is $27.34.

Enterprise Products Partners L.P. (NYSE:EPD) last announced 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 consensus estimate of $0.32 by $0.04. Enterprise Products Partners L.P. had a return on equity of 11.73% and a net margin of 10.31%. The firm had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same period last year, the business posted $0.33 earnings per share. The company’s revenue for the quarter was up 46.3% compared to the same quarter last year. Analysts expect that Enterprise Products Partners L.P. will post $1.42 EPS for the current year.

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EPD has been the subject of several recent research reports. Scotiabank reissued a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Sunday, March 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a research report on Tuesday, April 4th. Guggenheim began coverage on Enterprise Products Partners L.P. in a research report on Monday, April 17th. They issued a “buy” rating and a $32.00 price target for the company. Macquarie reaffirmed an “outperform” rating and issued a $32.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, April 21st. Finally, Vetr raised Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price target for the company in a research report on Monday, April 24th. Seventeen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target 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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