Enterprise Products Partners L.P. (NYSE:EPD) Shares Acquired by Brookfield Asset Management Inc.

Brookfield Asset Management Inc. increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 6.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,992,246 shares of the oil and gas producer’s stock after purchasing an additional 847,810 shares during the quarter. Enterprise Products Partners makes up approximately 1.9% of Brookfield Asset Management Inc.’s holdings, making the stock its 9th biggest holding. Brookfield Asset Management Inc. owned approximately 0.69% of Enterprise Products Partners worth $432,826,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EPD. Mcmillion Capital Management Inc. acquired a new stake in Enterprise Products Partners in the 2nd quarter valued at about $29,000. Centersquare Investment Management LLC acquired a new stake in Enterprise Products Partners in the 2nd quarter valued at about $34,000. TRUE Private Wealth Advisors acquired a new stake in Enterprise Products Partners in the 2nd quarter valued at about $41,000. TCG Advisors LP acquired a new stake in Enterprise Products Partners in the 1st quarter valued at about $44,000. Finally, Bremer Bank National Association acquired a new stake in Enterprise Products Partners in the 1st quarter valued at about $57,000. Institutional investors and hedge funds own 36.58% of the company’s stock.

Shares of NYSE:EPD traded up $0.02 during trading on Wednesday, hitting $29.01. 722,302 shares of the company’s stock were exchanged, compared to its average volume of 3,110,241. Enterprise Products Partners L.P. has a 1-year low of $23.33 and a 1-year high of $30.86. The firm has a 50-day moving average price of $28.69 and a two-hundred day moving average price of $28.90. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 1.06. The firm has a market cap of $62.45 billion, a P/E ratio of 14.95, a PEG ratio of 3.27 and a beta of 0.87.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. Enterprise Products Partners had a net margin of 14.26% and a return on equity of 20.02%. The business had revenue of $8.28 billion for the quarter, compared to analyst estimates of $8.57 billion. During the same quarter last year, the firm earned $0.31 EPS. Enterprise Products Partners’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, research analysts predict that Enterprise Products Partners L.P. will post 2.18 EPS for the current year.

In other news, Director Murray E. Brasseux acquired 5,000 shares of Enterprise Products Partners stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $30.00 per share, with a total value of $150,000.00. Following the purchase, the director now directly owns 17,885 shares of the company’s stock, valued at $536,550. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 37.50% of the stock is owned by company insiders.

Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research report on Monday, August 26th. Stifel Nicolaus lifted their price target on shares of Enterprise Products Partners from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Scotia Howard Weill began coverage on shares of Enterprise Products Partners in a research report on Wednesday, September 4th. They set an “outperform” rating for the company. Scotiabank began coverage on shares of Enterprise Products Partners in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 price target for the company. Finally, Royal Bank of Canada began coverage on shares of Enterprise Products Partners in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $33.71.

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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