Enterprise Products Partners L.P. (EPD) Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,025,839 shares of the oil and gas producer’s stock after buying an additional 23,714 shares during the period. Enterprise Products Partners makes up about 4.1% of Chicago Partners Investment Group LLC’s holdings, making the stock its 2nd biggest holding. Chicago Partners Investment Group LLC’s holdings in Enterprise Products Partners were worth $27,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. raised its holdings in Enterprise Products Partners by 43.7% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 414,850 shares of the oil and gas producer’s stock valued at $11,919,000 after buying an additional 126,075 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Enterprise Products Partners by 192.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,386 shares of the oil and gas producer’s stock worth $298,000 after buying an additional 6,836 shares during the period. Whittier Trust Co. grew its position in shares of Enterprise Products Partners by 24.6% in the 3rd quarter. Whittier Trust Co. now owns 60,778 shares of the oil and gas producer’s stock worth $1,745,000 after buying an additional 12,000 shares during the period. Valley National Advisers Inc. grew its position in shares of Enterprise Products Partners by 49.5% in the 3rd quarter. Valley National Advisers Inc. now owns 20,717 shares of the oil and gas producer’s stock worth $595,000 after buying an additional 6,861 shares during the period. Finally, Baldwin Brothers Inc. MA grew its position in shares of Enterprise Products Partners by 3.2% in the 3rd quarter. Baldwin Brothers Inc. MA now owns 392,421 shares of the oil and gas producer’s stock worth $11,274,000 after buying an additional 12,337 shares during the period. 37.27% of the stock is owned by institutional investors and hedge funds.

EPD stock traded down $0.05 during trading on Friday, hitting $27.04. 3,290,292 shares of the stock traded hands, compared to its average volume of 7,699,683. Enterprise Products Partners L.P. has a 1 year low of $23.10 and a 1 year high of $30.05. The company has a market capitalization of $58.74 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 4.74 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.70.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.15. Enterprise Products Partners had a net margin of 10.23% and a return on equity of 16.28%. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.72 billion. During the same period in the prior year, the firm posted $0.28 EPS. Enterprise Products Partners’s revenue for the quarter was up 39.2% on a year-over-year basis. As a group, research analysts predict that Enterprise Products Partners L.P. will post 1.87 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on EPD shares. Wells Fargo & Co upped their target price on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, October 8th. Bank of America upped their target price on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, October 15th. Raymond James upped their target price on shares of Enterprise Products Partners from $34.00 to $35.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 4th. Barclays set a $33.00 target price on shares of Enterprise Products Partners and gave the stock a “buy” rating in a research report on Friday, October 12th. Finally, Goldman Sachs Group started coverage on shares of Enterprise Products Partners in a research report on Monday, October 8th. They issued a “neutral” rating and a $28.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Enterprise Products Partners currently has an average rating of “Buy” and an average price target of $32.75.

In related news, insider W Randall Fowler purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were purchased at an average price of $26.19 per share, with a total value of $261,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Aj Teague purchased 15,005 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were bought at an average cost of $26.32 per share, for a total transaction of $394,931.60. The disclosure for this purchase can be found here. Insiders have purchased a total of 55,005 shares of company stock worth $1,390,132 over the last three months. 37.50% of the stock is currently owned by insiders.

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About Enterprise Products Partners

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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