Grand Jean Capital Management Inc adds Enterprise Products Partners L.P. (EPD) to its portfolio

Enterprise Products Partners L.P. (EPD) : Grand Jean Capital Management Inc added new position in Enterprise Products Partners L.P. during the most recent quarter end. The investment management firm now holds 100,075 shares of Enterprise Products Partners L.P. which is valued at $2,723,041 , the company said in a statement filed on Aug 10, 2016 with the SEC.Enterprise Products Partners L.P. makes up approximately 1.11% of Grand Jean Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Ironwood Investment Counsel boosted its stake in EPD in the latest quarter, The investment management firm added 3,520 additional shares and now holds a total of 70,068 shares of Enterprise Products Partners L.P. which is valued at $1,906,550. Enterprise Products Partners L.P. makes up approx 1.09% of Ironwood Investment Counsel’s portfolio.Wesbanco Bank Inc boosted its stake in EPD in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 14,117 shares of Enterprise Products Partners L.P. which is valued at $380,312. Enterprise Products Partners L.P. makes up approx 0.02% of Wesbanco Bank Inc’s portfolio. Gm Advisory Group added EPD to its portfolio by purchasing 11,610 company shares during the most recent quarter which is valued at $315,792. Enterprise Products Partners L.P. makes up approx 0.12% of Gm Advisory Group’s portfolio.Ipswich Investment Management reduced its stake in EPD by selling 1,500 shares or 11.7% in the most recent quarter. The Hedge Fund company now holds 11,324 shares of EPD which is valued at $309,145. Enterprise Products Partners L.P. makes up approx 0.15% of Ipswich Investment Management’s portfolio.Umb Bank N Amo reduced its stake in EPD by selling 3,593 shares or 22.39% in the most recent quarter. The Hedge Fund company now holds 12,451 shares of EPD which is valued at $354,729. Enterprise Products Partners L.P. makes up approx 0.01% of Umb Bank N Amo’s portfolio.

Enterprise Products Partners L.P. closed down -0.21 points or -0.78% at $26.81 with 74,47,277 shares getting traded on Friday. Post opening the session at $26.95, the shares hit an intraday low of $26.47 and an intraday high of $27.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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