Enterprise Products Partners L.P. (EPD) : Tiedemann Wealth Management reduced its stake in Enterprise Products Partners L.P. by 0.48% during the most recent quarter end. The investment management company now holds a total of 153,912 shares of Enterprise Products Partners L.P. which is valued at $4,187,946 after selling 740 shares in Enterprise Products Partners L.P. , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Enterprise Products Partners L.P. makes up approximately 3.56% of Tiedemann Wealth Management’s portfolio.
Other Hedge Funds, Including , Global Endowment Management Lp reduced its stake in EPD by selling 4,970 shares or 7.98% in the most recent quarter. The Hedge Fund company now holds 57,288 shares of EPD which is valued at $1,558,806. Enterprise Products Partners L.P. makes up approx 0.32% of Global Endowment Management Lp’s portfolio.Argent Trust Co reduced its stake in EPD by selling 2,000 shares or 16.14% in the most recent quarter. The Hedge Fund company now holds 10,388 shares of EPD which is valued at $282,657. Enterprise Products Partners L.P. makes up approx 0.09% of Argent Trust Co’s portfolio.Sentinel Trust Co Lba reduced its stake in EPD by selling 615,400 shares or 4.72% in the most recent quarter. The Hedge Fund company now holds 12,413,652 shares of EPD which is valued at $366,699,280. Enterprise Products Partners L.P. makes up approx 51.21% of Sentinel Trust Co Lba’s portfolio.Douglass Winthrop Advisors boosted its stake in EPD in the latest quarter, The investment management firm added 22,390 additional shares and now holds a total of 46,590 shares of Enterprise Products Partners L.P. which is valued at $1,381,859. Enterprise Products Partners L.P. makes up approx 0.10% of Douglass Winthrop Advisors’s portfolio.
Enterprise Products Partners L.P. opened for trading at $26.6 and hit $26.66 on the upside on Monday, eventually ending the session at $26.6, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 28,18,801 shares. Company has a market cap of $55,715 M.
On the company’s financial health, Enterprise Products Partners L.P. reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.31. The company had revenue of $5617.80 million for the quarter, compared to analysts expectations of $5756.71 million. The company’s revenue was down -20.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.34 EPS.
Many Wall Street Analysts have commented on Enterprise Products Partners L.P.. Enterprise Products Partners L.P. was Downgraded by Morgan Stanley to ” Equal-Weight” on Aug 18, 2016.
Enterprise Products Partners L.P. is a provider of midstream energy services to producers and consumers of natural gas natural gas liquids (NGLs) crude oil petrochemicals and refined products. The Company operates in five segments: NGL Pipelines & Services segment includes its natural gas processing plants and related NGL marketing activities; Onshore Natural Gas Pipelines & Services segment includes approximately 19300 miles of onshore natural gas pipeline systems; Onshore Crude Oil Pipelines & Services segment includes approximately 5400 miles of onshore crude oil pipelines crude oil storage terminals; Offshore Pipelines & Services segment serves drilling and development regions including deepwater production fields and Petrochemical & Refined Products Services segment includes propylene fractionation and related operations including approximately 680 miles of pipelines. Its asset portfolio includes 24 natural gas processing plants and 22 NGL and propylene fractionators.