Mission Wealth Management adds Enterprise Products Partners L.P. (EPD) to its portfolio

Enterprise Products Partners L.P. (EPD) : Mission Wealth Management added new position in Enterprise Products Partners L.P. during the most recent quarter end. The investment management firm now holds 18,493 shares of Enterprise Products Partners L.P. which is valued at $504,859 , the company said in a statement filed on Aug 3, 2016 with the SEC.Enterprise Products Partners L.P. makes up approximately 0.12% of Mission Wealth Management’s portfolio.

Other Hedge Funds, Including , Tufton Capital Management reduced its stake in EPD by selling 3,733 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 216,319 shares of EPD which is valued at $6,162,928. Enterprise Products Partners L.P. makes up approx 1.22% of Tufton Capital Management’s portfolio.Wealthtrust Axiom boosted its stake in EPD in the latest quarter, The investment management firm added 106 additional shares and now holds a total of 24,290 shares of Enterprise Products Partners L.P. which is valued at $692,022. Enterprise Products Partners L.P. makes up approx 0.26% of Wealthtrust Axiom’s portfolio.Walnut Private Equity Partners boosted its stake in EPD in the latest quarter, The investment management firm added 13,152 additional shares and now holds a total of 315,152 shares of Enterprise Products Partners L.P. which is valued at $9,347,408. Enterprise Products Partners L.P. makes up approx 7.49% of Walnut Private Equity Partners’s portfolio.

Enterprise Products Partners L.P. opened for trading at $27.25 and hit $27.91 on the upside on Monday, eventually ending the session at $27.54, with a gain of 1.25% or 0.34 points. The heightened volatility saw the trading volume jump to 41,05,556 shares. Company has a market cap of $57,684 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.. Bernstein Initiated Enterprise Products Partners L.P. on May 11, 2016 to “Outperform”, Price Target of the shares are set at $33.

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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