Fiera Capital Corp Has $3.64 Million Position in Enterprise Products Partners L.P. (NYSE:EPD)

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Fiera Capital Corp increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 6.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 125,060 shares of the oil and gas producer’s stock after acquiring an additional 7,213 shares during the period. Fiera Capital Corp’s holdings in Enterprise Products Partners were worth $3,639,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its holdings in shares of Enterprise Products Partners by 18.5% in the fourth quarter. Advisors Asset Management Inc. now owns 39,626 shares of the oil and gas producer’s stock valued at $974,000 after purchasing an additional 6,174 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Enterprise Products Partners in the fourth quarter valued at about $229,000. Welch & Forbes LLC grew its holdings in shares of Enterprise Products Partners by 16.2% in the fourth quarter. Welch & Forbes LLC now owns 28,650 shares of the oil and gas producer’s stock valued at $704,000 after purchasing an additional 3,996 shares during the period. Comerica Securities Inc. grew its holdings in shares of Enterprise Products Partners by 39.0% in the fourth quarter. Comerica Securities Inc. now owns 35,608 shares of the oil and gas producer’s stock valued at $876,000 after purchasing an additional 9,990 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Enterprise Products Partners by 3.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 229,864 shares of the oil and gas producer’s stock valued at $5,652,000 after purchasing an additional 8,002 shares during the period. Institutional investors and hedge funds own 36.70% of the company’s stock.

Shares of EPD opened at $28.96 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $63.51 billion, a P/E ratio of 14.93, a PEG ratio of 3.45 and a beta of 0.91. Enterprise Products Partners L.P. has a 12-month low of $23.33 and a 12-month high of $30.05.

Enterprise Products Partners (NYSE:EPD) last announced its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The company had revenue of $8.54 billion during the quarter, compared to analyst estimates of $9.23 billion. Enterprise Products Partners had a net margin of 12.67% and a return on equity of 19.50%. Enterprise Products Partners’s revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. Equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.1 EPS for the current year.

EPD has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Enterprise Products Partners from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Wednesday, February 13th. Johnson Rice initiated coverage on shares of Enterprise Products Partners in a report on Thursday, May 30th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Goldman Sachs Group raised shares of Enterprise Products Partners from a “neutral” rating to a “buy” rating and upped their price objective for the company from $30.00 to $32.00 in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $33.38.

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Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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

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