Guggenheim Capital LLC Raises Position in Enterprise Products Partners L.P. (EPD)

Guggenheim Capital LLC increased its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 143,234 shares of the company’s stock after buying an additional 1,138 shares during the period. Guggenheim Capital LLC’s holdings in Enterprise Products Partners L.P. were worth $3,873,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vantage Investment Advisors LLC raised its stake in Enterprise Products Partners L.P. by 1.8% in the third quarter. Vantage Investment Advisors LLC now owns 4,034 shares of the company’s stock valued at $111,000 after buying an additional 73 shares during the period. Financial Management Professionals Inc. raised its stake in shares of Enterprise Products Partners L.P. by 217.8% in the third quarter. Financial Management Professionals Inc. now owns 4,144 shares of the company’s stock worth $114,000 after buying an additional 2,840 shares during the last quarter. Intellectus Partners LLC acquired a new stake in shares of Enterprise Products Partners L.P. during the fourth quarter worth about $135,000. Thompson Davis & CO. Inc. raised its stake in shares of Enterprise Products Partners L.P. by 348.2% in the third quarter. Thompson Davis & CO. Inc. now owns 5,733 shares of the company’s stock worth $158,000 after buying an additional 4,454 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. raised its stake in shares of Enterprise Products Partners L.P. by 57.9% in the third quarter. Independent Portfolio Consultants Inc. now owns 6,630 shares of the company’s stock worth $183,000 after buying an additional 2,430 shares during the last quarter. Hedge funds and other institutional investors own 36.31% of the company’s stock.

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

Enterprise Products Partners L.P. (NYSE:EPD) opened at 27.40 on Tuesday. The firm has a 50-day moving average of $28.23 and a 200 day moving average of $26.95. Enterprise Products Partners L.P. has a 12-month low of $23.56 and a 12-month high of $30.25. The firm has a market capitalization of $57.97 billion, a price-to-earnings ratio of 22.81 and a beta of 0.91.

Enterprise Products Partners L.P. (NYSE:EPD) last released its earnings results on Monday, January 30th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Enterprise Products Partners L.P. had a return on equity of 11.55% and a net margin of 10.92%. The firm earned $6.48 billion during the quarter, compared to analyst estimates of $5.99 billion. During the same quarter last year, the business posted $0.35 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. On average, equities analysts predict that Enterprise Products Partners L.P. will post $1.39 EPS for the current year.

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Several research analysts have commented on EPD shares. Scotiabank reissued a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a report on Sunday, March 12th. Vetr raised shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $30.51 price objective for the company in a report on Wednesday, January 11th. Barclays PLC increased their price target on shares of Enterprise Products Partners L.P. from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, January 31st. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $30.00 price target on shares of Enterprise Products Partners L.P. in a report on Sunday, December 4th. Finally, Sanford C. Bernstein set a $34.00 price target on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Sunday, January 15th. Two investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $31.64.

In other news, insider Edwin E. Smith sold 15,000 shares of Enterprise Products Partners L.P. stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $28.02, for a total transaction of $420,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James T. Hackett purchased 33,000 shares of the stock in a transaction dated Friday, February 3rd. The shares were purchased at an average price of $28.65 per share, with a total value of $945,450.00. Following the completion of the acquisition, the director now owns 220,623 shares of the company’s stock, valued at $6,320,848.95. The disclosure for this purchase can be found here. Company insiders own 37.50% of the company’s stock.

About Enterprise Products Partners L.P.

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

5 Day Chart for NYSE:EPD

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