Enterprise Products Partners L.P. (EPD) : Wms Partners scooped up 2,385 additional shares in Enterprise Products Partners L.P. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 383,382 shares of Enterprise Products Partners L.P. which is valued at $10,431,824.Enterprise Products Partners L.P. makes up approximately 1.38% of Wms Partners’s portfolio.
Other Hedge Funds, Including , Farr Miller Washingtondc reduced its stake in EPD by selling 27,400 shares or 78.15% in the most recent quarter. The Hedge Fund company now holds 7,660 shares of EPD which is valued at $208,429. Enterprise Products Partners L.P. makes up approx 0.02% of Farr Miller Washingtondc’s portfolio.Plante Moran Financial Advisors reduced its stake in EPD by selling 425 shares or 2.46% in the most recent quarter. The Hedge Fund company now holds 16,874 shares of EPD which is valued at $460,660. Enterprise Products Partners L.P. makes up approx 0.33% of Plante Moran Financial Advisors’s portfolio.Jennison Associates boosted its stake in EPD in the latest quarter, The investment management firm added 517,674 additional shares and now holds a total of 3,216,245 shares of Enterprise Products Partners L.P. which is valued at $87,803,489. Enterprise Products Partners L.P. makes up approx 0.09% of Jennison Associates’s portfolio. American Century Companies Inc added EPD to its portfolio by purchasing 3,547,446 company shares during the most recent quarter which is valued at $101,066,737. Enterprise Products Partners L.P. makes up approx 0.11% of American Century Companies Inc’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.