Comerica Bank Boosts Stake in Enterprise Products Partners L.P. (EPD)

Comerica Bank boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,883 shares of the company’s stock after buying an additional 4,670 shares during the period. Comerica Bank’s holdings in Enterprise Products Partners L.P. were worth $1,476,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Verity & Verity LLC increased its stake in Enterprise Products Partners L.P. by 4.7% in the third quarter. Verity & Verity LLC now owns 121,561 shares of the company’s stock worth $3,359,000 after buying an additional 5,404 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Enterprise Products Partners L.P. by 17.2% in the third quarter. Bank of Montreal Can now owns 8,177,903 shares of the company’s stock worth $225,956,000 after buying an additional 1,199,631 shares during the last quarter. Hamlin Capital Management LLC bought a new position in shares of Enterprise Products Partners L.P. during the third quarter worth approximately $54,204,000. Catawba Capital Management VA boosted its position in shares of Enterprise Products Partners L.P. by 4.1% in the third quarter. Catawba Capital Management VA now owns 186,928 shares of the company’s stock worth $5,165,000 after buying an additional 7,445 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its position in shares of Enterprise Products Partners L.P. by 60.2% in the third quarter. Epoch Investment Partners Inc. now owns 5,912,392 shares of the company’s stock worth $163,359,000 after buying an additional 2,220,811 shares during the last quarter. 36.31% of the stock is owned by institutional investors.

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

Enterprise Products Partners L.P. (NYSE:EPD) opened at 27.40 on Tuesday. The company has a market cap of $57.97 billion, a PE ratio of 22.81 and a beta of 0.91. The firm has a 50-day moving average price of $28.23 and a 200-day moving average price of $26.95. Enterprise Products Partners L.P. has a 52-week low of $23.56 and a 52-week high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings results on Monday, January 30th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. Enterprise Products Partners L.P. had a net margin of 10.92% and a return on equity of 11.55%. The firm had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $5.99 billion. During the same period in the prior year, the company earned $0.35 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts forecast that Enterprise Products Partners L.P. will post $1.39 EPS for the current year.

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A number of research analysts recently commented on EPD shares. Scotiabank restated a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a research report on Sunday, March 12th. Barclays PLC raised their price target on Enterprise Products Partners L.P. from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 31st. Ladenburg Thalmann Financial Services restated a “buy” rating and issued a $30.00 price target on shares of Enterprise Products Partners L.P. in a research report on Sunday, December 4th. Sanford C. Bernstein set a $34.00 price target on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Sunday, January 15th. Finally, Vetr upgraded Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $30.51 price target on the stock in a research report on Wednesday, January 11th. Two research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $31.64.

In related news, insider Edwin E. Smith sold 15,000 shares of the stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $28.02, for a total transaction of $420,300.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James T. Hackett acquired 33,000 shares of the company’s stock in a transaction that occurred on Friday, February 3rd. The shares were bought at an average cost of $28.65 per share, for a total transaction of $945,450.00. Following the acquisition, the director now directly owns 220,623 shares in the company, valued at approximately $6,320,848.95. The disclosure for this purchase can be found here. 37.50% of the stock is owned by corporate insiders.

Enterprise Products Partners L.P. Company Profile

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.

5 Day Chart for NYSE:EPD

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