Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Heronetta Management L.P.

Heronetta Management L.P. lessened its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 10.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 574,048 shares of the oil and gas producer’s stock after selling 67,300 shares during the period. Enterprise Products Partners comprises about 12.2% of Heronetta Management L.P.’s portfolio, making the stock its largest holding. Heronetta Management L.P.’s holdings in Enterprise Products Partners were worth $16,751,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hazlett Burt & Watson Inc. lifted its position in shares of Enterprise Products Partners by 8.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock valued at $128,000 after acquiring an additional 371 shares during the last quarter. Ellsworth Advisors LLC lifted its holdings in shares of Enterprise Products Partners by 1.9% in the fourth quarter. Ellsworth Advisors LLC now owns 21,173 shares of the oil and gas producer’s stock valued at $558,000 after purchasing an additional 393 shares in the last quarter. Register Financial Advisors LLC lifted its holdings in shares of Enterprise Products Partners by 2.3% in the fourth quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer’s stock valued at $456,000 after purchasing an additional 397 shares in the last quarter. Phillips Wealth Planners LLC lifted its holdings in shares of Enterprise Products Partners by 3.7% in the first quarter. Phillips Wealth Planners LLC now owns 11,541 shares of the oil and gas producer’s stock valued at $327,000 after purchasing an additional 413 shares in the last quarter. Finally, Eaton Financial Holdings Company LLC lifted its holdings in shares of Enterprise Products Partners by 1.2% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 34,738 shares of the oil and gas producer’s stock valued at $915,000 after purchasing an additional 420 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Stock Down 0.2 %

NYSE EPD traded down $0.05 during trading on Friday, hitting $29.01. 2,424,467 shares of the company traded hands, compared to its average volume of 2,585,389. Enterprise Products Partners L.P. has a 12 month low of $25.61 and a 12 month high of $29.99. The business has a fifty day simple moving average of $28.52 and a 200 day simple moving average of $27.97. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $63.00 billion, a P/E ratio of 11.38, a PEG ratio of 1.35 and a beta of 1.04.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $13.82 billion. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The business’s revenue was up 18.6% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. As a group, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.72 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, May 16th. Mizuho restated a “buy” rating and issued a $34.00 target price on shares of Enterprise Products Partners in a report on Thursday, April 4th. Scotiabank increased their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a report on Thursday, April 4th. StockNews.com raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 4th. Finally, Wells Fargo & Company upped their price target on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $32.77.

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.