Comerica Bank Has $1.63 Million Position in Enterprise Products Partners L.P. (EPD)

Comerica Bank increased its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 16.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,604 shares of the oil and gas producer’s stock after acquiring an additional 8,324 shares during the period. Comerica Bank’s holdings in Enterprise Products Partners L.P. were worth $1,634,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Financial Corp IN raised its holdings in shares of Enterprise Products Partners L.P. by 11.1% in the 2nd 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 during the last quarter. Camarda Financial Advisors LLC raised its holdings in shares of Enterprise Products Partners L.P. by 0.6% in the 2nd 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 during the last quarter. Intellectus Partners LLC raised its holdings in shares of Enterprise Products Partners L.P. by 8.0% in the 1st 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 during the last quarter. Archford Capital Strategies LLC raised its holdings in shares of Enterprise Products Partners L.P. by 42.4% in the 1st quarter. Archford Capital Strategies LLC now owns 6,959 shares of the oil and gas producer’s stock worth $192,000 after acquiring an additional 2,071 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new stake in shares of Enterprise Products Partners L.P. in the 1st quarter worth about $195,000. Institutional investors own 37.85% of the company’s stock.

Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.10 on Wednesday. The stock’s 50 day moving average is $26.20 and its 200-day moving average is $26.98. The company has a market capitalization of $56.06 billion, a P/E ratio of 20.54 and a beta of 0.90. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The company had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same period in the previous year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. Analysts predict that Enterprise Products Partners L.P. will post $1.36 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on EPD shares. Sanford C. Bernstein started coverage on shares of Enterprise Products Partners L.P. in a report on Tuesday, May 16th. They issued an “outperform” rating on the stock. BMO Capital Markets set a $33.00 target price on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Monday, June 5th. Morgan Stanley upgraded shares of Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $26.37 to $26.50 in a report on Thursday, June 15th. BidaskClub upgraded shares of Enterprise Products Partners L.P. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $33.00 target price on shares of Enterprise Products Partners L.P. in a report on Friday, July 14th. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Enterprise Products Partners L.P. currently has a consensus rating of “Buy” and a consensus price target of $31.39.

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Enterprise Products Partners L.P. 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.

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

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