Marquette Asset Management LLC Lowers Stake in Enterprise Products Partners L.P. (EPD)

Marquette Asset Management LLC lowered its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,388 shares of the oil and gas producer’s stock after selling 1,924 shares during the period. Marquette Asset Management LLC’s holdings in Enterprise Products Partners were worth $1,389,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Narwhal Capital Management raised its position in shares of Enterprise Products Partners by 4.6% in the third quarter. Narwhal Capital Management now owns 106,325 shares of the oil and gas producer’s stock valued at $2,772,000 after purchasing an additional 4,700 shares during the period. Vaughan David Investments Inc. IL increased its holdings in Enterprise Products Partners by 471.1% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 349,504 shares of the oil and gas producer’s stock worth $21,124,000 after acquiring an additional 288,304 shares during the period. Moors & Cabot Inc. increased its holdings in Enterprise Products Partners by 3.8% during the 3rd quarter. Moors & Cabot Inc. now owns 319,218 shares of the oil and gas producer’s stock worth $8,314,000 after acquiring an additional 11,685 shares during the period. Commonwealth Equity Services Inc increased its holdings in Enterprise Products Partners by 1.7% during the 3rd quarter. Commonwealth Equity Services Inc now owns 811,121 shares of the oil and gas producer’s stock worth $21,145,000 after acquiring an additional 13,461 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in Enterprise Products Partners by 12.2% during the 3rd quarter. Macquarie Group Ltd. now owns 1,148,228 shares of the oil and gas producer’s stock worth $29,935,000 after acquiring an additional 125,100 shares during the period. 37.56% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on EPD shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $30.00 target price on shares of Enterprise Products Partners in a report on Friday, September 15th. Seaport Global Securities started coverage on shares of Enterprise Products Partners in a report on Tuesday, October 10th. They set a “neutral” rating and a $29.00 target price on the stock. BMO Capital Markets set a $33.00 target price on shares of Enterprise Products Partners and gave the stock a “buy” rating in a report on Thursday, October 12th. Mizuho set a $31.00 target price on shares of Enterprise Products Partners and gave the stock a “buy” rating in a report on Sunday, October 15th. Finally, Scotiabank set a $33.00 target price on shares of Enterprise Products Partners and gave the stock a “buy” rating in a report on Sunday, October 15th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $30.93.

In related news, Director Carin Marcy Barth purchased 12,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were purchased at an average price of $25.00 per share, with a total value of $300,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Aj Teague purchased 11,300 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was bought at an average cost of $26.47 per share, for a total transaction of $299,111.00. Following the acquisition, the chief executive officer now directly owns 1,474,183 shares in the company, valued at $39,021,624.01. The disclosure for this purchase can be found here. Insiders bought a total of 31,550 shares of company stock worth $799,256 in the last three months. Insiders own 37.50% of the company’s stock.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up $0.38 during trading hours on Wednesday, hitting $28.41. 3,606,558 shares of the stock were exchanged, compared to its average volume of 6,240,000. The company has a market cap of $61,050.00, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 3.70 and a beta of 0.90. Enterprise Products Partners L.P. has a 1 year low of $23.59 and a 1 year high of $30.25. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 0.96.

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About Enterprise Products Partners

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 (NYSE:EPD)

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