Enterprise Products Partners L.P. (NYSE:EPD) Holdings Reduced by Chatham Capital Group Inc.

Chatham Capital Group Inc. decreased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 0.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 108,823 shares of the oil and gas producer’s stock after selling 459 shares during the period. Chatham Capital Group Inc.’s holdings in Enterprise Products Partners were worth $3,167,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in Enterprise Products Partners by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 564,583 shares of the oil and gas producer’s stock worth $16,221,000 after purchasing an additional 8,265 shares during the period. Summit Securities Group LLC lifted its holdings in Enterprise Products Partners by 110.5% during the fourth quarter. Summit Securities Group LLC now owns 36,400 shares of the oil and gas producer’s stock worth $895,000 after acquiring an additional 19,104 shares during the period. Andesa Financial Management Inc. bought a new stake in Enterprise Products Partners during the fourth quarter worth $306,000. Evermay Wealth Management LLC lifted its holdings in Enterprise Products Partners by 4.8% during the fourth quarter. Evermay Wealth Management LLC now owns 26,945 shares of the oil and gas producer’s stock worth $663,000 after acquiring an additional 1,240 shares during the period. Finally, Leavell Investment Management Inc. lifted its holdings in Enterprise Products Partners by 1.6% during the fourth quarter. Leavell Investment Management Inc. now owns 148,262 shares of the oil and gas producer’s stock worth $3,646,000 after acquiring an additional 2,310 shares during the period. Institutional investors own 36.70% of the company’s stock.

A number of analysts recently commented on EPD shares. Zacks Investment Research lowered Enterprise Products Partners from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Goldman Sachs Group upgraded Enterprise Products Partners from a “neutral” rating to a “buy” rating and boosted their target price for the company from $30.00 to $32.00 in a research note on Tuesday, April 2nd. Finally, Johnson Rice initiated coverage on Enterprise Products Partners in a research note on Thursday, May 30th. They issued a “buy” rating and a $35.00 target price on the stock. One research analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $33.38.

Shares of NYSE EPD traded down $0.15 during mid-day trading on Friday, hitting $29.07. The company had a trading volume of 3,540,866 shares, compared to its average volume of 4,134,547. The stock has a market cap of $63.50 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 3.45 and a beta of 0.91. Enterprise Products Partners L.P. has a 1 year low of $23.33 and a 1 year high of $30.05. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.58 and a current ratio of 0.77.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The company had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $9.23 billion. Enterprise Products Partners had a return on equity of 19.50% and a net margin of 12.67%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. On average, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.1 EPS for the current year.

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Enterprise Products Partners 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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