Enterprise Products Partners L.P. (EPD) Holdings Trimmed by Bogart Wealth LLC

Bogart Wealth LLC cut its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,401 shares of the oil and gas producer’s stock after selling 3,516 shares during the period. Enterprise Products Partners comprises approximately 1.0% of Bogart Wealth LLC’s investment portfolio, making the stock its 27th biggest position. Bogart Wealth LLC’s holdings in Enterprise Products Partners were worth $1,495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Grassi Investment Management lifted its stake in Enterprise Products Partners by 3.5% during the fourth quarter. Grassi Investment Management now owns 291,964 shares of the oil and gas producer’s stock worth $7,740,000 after purchasing an additional 9,800 shares during the last quarter. Atalanta Sosnoff Capital LLC lifted its stake in Enterprise Products Partners by 82.5% during the fourth quarter. Atalanta Sosnoff Capital LLC now owns 31,200 shares of the oil and gas producer’s stock worth $827,000 after purchasing an additional 14,100 shares during the last quarter. Chickasaw Capital Management LLC lifted its stake in Enterprise Products Partners by 1.1% during the fourth quarter. Chickasaw Capital Management LLC now owns 13,990,394 shares of the oil and gas producer’s stock worth $370,885,000 after purchasing an additional 154,435 shares during the last quarter. Neville Rodie & Shaw Inc. increased its holdings in shares of Enterprise Products Partners by 1.8% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 152,966 shares of the oil and gas producer’s stock worth $4,055,000 after buying an additional 2,694 shares in the last quarter. Finally, Atlantic Trust Group LLC increased its holdings in shares of Enterprise Products Partners by 6.8% during the third quarter. Atlantic Trust Group LLC now owns 19,558,583 shares of the oil and gas producer’s stock worth $509,892,000 after buying an additional 1,240,194 shares in the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at $28.35 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.96. Enterprise Products Partners L.P. has a 1-year low of $23.59 and a 1-year high of $30.25. The firm has a market capitalization of $60,920.00, a PE ratio of 25.54, a price-to-earnings-growth ratio of 3.70 and a beta of 0.90.

In other Enterprise Products Partners news, Director Carin Marcy Barth purchased 12,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $300,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Aj Teague purchased 8,250 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were acquired at an average price of $24.26 per share, with a total value of $200,145.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 31,550 shares of company stock valued at $799,256. Company insiders own 37.50% of the company’s stock.

EPD has been the subject of several research analyst reports. Credit Suisse Group initiated coverage on shares of Enterprise Products Partners in a report on Thursday, January 4th. They set an “outperform” rating and a $31.00 price target for the company. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a report on Sunday, October 15th. Bank of America initiated coverage on shares of Enterprise Products Partners in a report on Tuesday. They set a “buy” rating for the company. BMO Capital Markets set a $33.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a report on Thursday, October 12th. Finally, Seaport Global Securities initiated coverage on shares of Enterprise Products Partners in a report on Tuesday, October 10th. They set a “neutral” rating and a $29.00 price target for the company. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $30.93.

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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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