Kanaly Trust Co Lowers stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Kanaly Trust Co reduced its stake in Enterprise Products Partners L.P. by 3.02% during the most recent quarter end. The investment management company now holds a total of 547,047 shares of Enterprise Products Partners L.P. which is valued at $16,148,827 after selling 17,047 shares in Enterprise Products Partners L.P. , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Enterprise Products Partners L.P. makes up approximately 3.22% of Kanaly Trust Co’s portfolio.

Other Hedge Funds, Including , Private Capital Advisors reduced its stake in EPD by selling 2,700 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 307,358 shares of EPD which is valued at $9,073,208. Enterprise Products Partners L.P. makes up approx 3.33% of Private Capital Advisors’s portfolio.Meritage Portfolio Management boosted its stake in EPD in the latest quarter, The investment management firm added 83,165 additional shares and now holds a total of 169,550 shares of Enterprise Products Partners L.P. which is valued at $5,005,116. Enterprise Products Partners L.P. makes up approx 0.54% of Meritage Portfolio Management’s portfolio.Advocacy Wealth Management Services reduced its stake in EPD by selling 462 shares or 18.55% in the most recent quarter. The Hedge Fund company now holds 2,028 shares of EPD which is valued at $60,049. Enterprise Products Partners L.P. makes up approx 0.03% of Advocacy Wealth Management Services’s portfolio. Eqis Capital Management added EPD to its portfolio by purchasing 7,559 company shares during the most recent quarter which is valued at $223,822. Enterprise Products Partners L.P. makes up approx 0.01% of Eqis Capital Management’s portfolio.Chevy Chase Trust Holdings reduced its stake in EPD by selling 1,468 shares or 2.79% in the most recent quarter. The Hedge Fund company now holds 51,117 shares of EPD which is valued at $1,484,949. Enterprise Products Partners L.P. makes up approx 0.01% of Chevy Chase Trust Holdings’s portfolio.

Enterprise Products Partners L.P. closed down -0.03 points or -0.11% at $28.46 with 41,09,072 shares getting traded on Thursday. Post opening the session at $28.37, the shares hit an intraday low of $28.13 and an intraday high of $28.85 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Enterprise Products Partners L.P. reported $0.33 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.33. The company had revenue of $5005.00 million for the quarter, compared to analysts expectations of $6853.38 million. The company’s revenue was down -33.0 % 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.. Bernstein Initiated Enterprise Products Partners L.P. on May 11, 2016 to “Outperform”, Price Target of the shares are set at $33.Seaport Global Securities Downgraded Enterprise Products Partners L.P. on Apr 29, 2016 to ” Neutral”, Price Target of the shares are set at $30.

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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