Trust Asset Management adds Enterprise Products Partners L.P. (EPD) to its portfolio

Enterprise Products Partners L.P. (EPD) : Trust Asset Management added new position in Enterprise Products Partners L.P. during the most recent quarter end. The investment management firm now holds 219,461 shares of Enterprise Products Partners L.P. which is valued at $5,903,501 , the company said in a statement filed on Oct 5, 2016 with the SEC.Enterprise Products Partners L.P. makes up approximately 2.40% of Trust Asset Management’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants boosted its stake in EPD in the latest quarter, The investment management firm added 2,430 additional shares and now holds a total of 6,630 shares of Enterprise Products Partners L.P. which is valued at $178,347. Enterprise Products Partners L.P. makes up approx 0.06% of Independent Portfolio Consultants’s portfolio.Ct Mason boosted its stake in EPD in the latest quarter, The investment management firm added 3,690 additional shares and now holds a total of 254,708 shares of Enterprise Products Partners L.P. which is valued at $6,851,645. Enterprise Products Partners L.P. makes up approx 3.03% of Ct Mason’s portfolio.Norman Fields Gottscho Capital Management boosted its stake in EPD in the latest quarter, The investment management firm added 6,400 additional shares and now holds a total of 58,940 shares of Enterprise Products Partners L.P. which is valued at $1,585,486. Enterprise Products Partners L.P. makes up approx 1.06% of Norman Fields Gottscho Capital Management’s portfolio.Eqis Capital Management boosted its stake in EPD in the latest quarter, The investment management firm added 3,960 additional shares and now holds a total of 11,519 shares of Enterprise Products Partners L.P. which is valued at $309,861. Enterprise Products Partners L.P. makes up approx 0.02% of Eqis Capital Management’s portfolio.

Enterprise Products Partners L.P. closed down -0.7 points or -2.55% at $26.71 with 35,92,025 shares getting traded on Tuesday. Post opening the session at $27.37, the shares hit an intraday low of $26.69 and an intraday high of $27.53 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.. Mizuho Initiated Enterprise Products Partners L.P. on Sep 30, 2016 to “Buy”, Price Target of the shares are set at $32.Enterprise Products Partners L.P. was Upgraded by Credit Suisse to ” Outperform” on Sep 19, 2016. Shares were Reiterated by Wunderlich on Aug 31, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Enterprise Products Partners L.P. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Enterprise Products Partners L.P.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.