Sprott Inc. lowered its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 5.1% during the first quarter, Holdings Channel reports. The firm owned 12,097 shares of the oil and gas producer’s stock after selling 650 shares during the period. Sprott Inc.’s holdings in Enterprise Products Partners L.P. were worth $334,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in EPD. Dubuque Bank & Trust Co. raised its position in shares of Enterprise Products Partners L.P. by 222.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,790 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 2,615 shares in the last quarter. Baystate Wealth Management LLC raised its position in shares of Enterprise Products Partners L.P. by 1,050.7% in the first quarter. Baystate Wealth Management LLC now owns 4,361 shares of the oil and gas producer’s stock worth $122,000 after buying an additional 3,982 shares in the last quarter. Archford Capital Strategies LLC raised its position in shares of Enterprise Products Partners L.P. by 78.7% in the fourth quarter. Archford Capital Strategies LLC now owns 4,888 shares of the oil and gas producer’s stock worth $132,000 after buying an additional 2,153 shares in the last quarter. Intellectus Partners LLC acquired a new position in shares of Enterprise Products Partners L.P. during the fourth quarter worth $135,000. Finally, Crestwood Advisors Group LLC acquired a new position in shares of Enterprise Products Partners L.P. during the first quarter worth $140,000. Hedge funds and other institutional investors own 38.59% of the company’s stock.

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

Enterprise Products Partners L.P. (EPD) opened at 26.82 on Friday. The stock has a market capitalization of $57.30 billion, a price-to-earnings ratio of 21.72 and a beta of 0.91. Enterprise Products Partners L.P. has a 12 month low of $24.01 and a 12 month high of $30.25. The company has a 50 day moving average price of $26.95 and a 200 day moving average price of $27.34.

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

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A number of brokerages have weighed in on EPD. BMO Capital Markets set a $33.00 price target on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research note on Monday, June 5th. Vetr raised Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price target on the stock in a research note on Monday, April 24th. Sanford C. Bernstein began coverage on Enterprise Products Partners L.P. in a research note on Tuesday, May 16th. They set an “outperform” rating on the stock. Macquarie reissued an “outperform” rating and set a $32.00 price target on shares of Enterprise Products Partners L.P. in a research note on Friday, April 21st. Finally, Morgan Stanley raised Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $26.37 to $26.50 in a research note on Thursday. Seventeen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Enterprise Products Partners L.P. has an average rating of “Buy” and an average price target of $32.00.

About Enterprise Products Partners L.P.

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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