Wafra Investment Advisory Group Inc. NY Raises Stake in Enterprise Products Partners L.P. (EPD)

Wafra Investment Advisory Group Inc. NY lifted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 112.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 474,210 shares of the oil and gas producer’s stock after acquiring an additional 250,539 shares during the period. Wafra Investment Advisory Group Inc. NY’s holdings in Enterprise Products Partners L.P. were worth $12,842,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of EPD. First Financial Corp IN increased its position in shares of Enterprise Products Partners L.P. by 11.1% during the second quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock worth $108,000 after acquiring an additional 400 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Enterprise Products Partners L.P. during the second quarter worth $130,000. Camarda Financial Advisors LLC increased its position in shares of Enterprise Products Partners L.P. by 0.6% during the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after acquiring an additional 27 shares in the last quarter. Jacobi Capital Management LLC increased its position in shares of Enterprise Products Partners L.P. by 690.9% during the second quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock worth $148,000 after acquiring an additional 4,760 shares in the last quarter. Finally, Intellectus Partners LLC increased its position in shares of Enterprise Products Partners L.P. by 8.0% during the first quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock worth $149,000 after acquiring an additional 399 shares in the last quarter. 37.56% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein reissued an “outperform” rating on shares of Enterprise Products Partners L.P. in a research report on Thursday, August 10th. BidaskClub raised shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. BMO Capital Markets reissued a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Wednesday, July 12th. Stifel Nicolaus reissued a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, July 14th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $31.00 target price (down previously from $33.00) on shares of Enterprise Products Partners L.P. in a research report on Friday, August 4th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $31.07.

Enterprise Products Partners L.P. (NYSE EPD) traded up 0.019% on Tuesday, reaching $26.405. 1,277,233 shares of the company were exchanged. Enterprise Products Partners L.P. has a 12-month low of $24.01 and a 12-month high of $30.25. The stock has a market capitalization of $56.72 billion, a P/E ratio of 20.775 and a beta of 0.91. The company’s 50-day moving average price is $26.02 and its 200-day moving average price is $26.76.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The firm had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Equities research analysts anticipate that Enterprise Products Partners L.P. will post $1.35 earnings per share for the current fiscal year.

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About Enterprise Products Partners L.P.

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

Institutional Ownership by Quarter for Enterprise Products Partners L.P. (NYSE:EPD)

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