Enterprise Products Partners LP (NYSE:EPD) Q2 2019 Sentiment Report

Enterprise Products Partners L.P. (NYSE:EPD) Logo

Sentiment for Enterprise Products Partners LP (NYSE:EPD)

Enterprise Products Partners LP (NYSE:EPD) institutional sentiment increased to 0.96 in 2019 Q2. Its up 0.01, from 0.95 in 2019Q1. The ratio is more positive, as 288 hedge funds increased and opened new positions, while 299 trimmed and sold equity positions in Enterprise Products Partners LP. The hedge funds in our partner’s database now hold: 754.76 million shares, down from 758.94 million shares in 2019Q1. Also, the number of hedge funds holding Enterprise Products Partners LP in their top 10 positions decreased from 60 to 58 for a decrease of 2. Sold All: 50 Reduced: 249 Increased: 215 New Position: 73.

Enterprise Products Partners L.P. provides midstream energy services to producers and clients of natural gas, natural gas liquids , crude oil, petrochemicals, and refined products. The company has market cap of $62.45 billion. The firm operates through NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services divisions. It has a 12.36 P/E ratio. The NGL Pipelines & Services segment offers natural gas processing and related NGL marketing services, as well as NGL export docks and related services.

The stock decreased 0.52% or $0.15 during the last trading session, reaching $28.53. About 5.13M shares traded or 45.85% up from the average. Enterprise Products Partners L.P. (NYSE:EPD) has risen 3.47% since September 13, 2018 and is uptrending. It has outperformed by 3.47% the S&P500.

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on October, 30. They expect $0.53 EPS, up 3.92 % or $0.02 from last year’s $0.51 per share. EPD’s profit will be $1.16B for 13.46 P/E if the $0.53 EPS becomes a reality. After $0.55 actual EPS reported by Enterprise Products Partners L.P. for the previous quarter, Wall Street now forecasts -3.64 % negative EPS growth.

Argyll Research Llc holds 83.96% of its portfolio in Enterprise Products Partners L.P. for 10.94 million shares. Samson Capital Management Llc owns 433,674 shares or 23.54% of their US portfolio. Moreover, Sentinel Trust Co Lba has 16.98% invested in the company for 2.14 million shares. The New York-based Heronetta Management L.P. has invested 15.01% in the stock. Harvest Fund Advisors Llc, a Pennsylvania-based fund reported 50.79 million shares.

Since January 1, 0001, it had 1 buying transaction, and 0 insider sales for $150,000 activity.

Enterprise Products Partners L.P. (NYSE:EPD) Ratings Coverage

Ratings analysis reveals 80% of Enterprise Prods Partners’s analysts are positive. Out of 5 Wall Street analysts rating Enterprise Prods Partners, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $32 while the high is $3700. The stock’s average target of $34.80 is 21.98% above today’s ($28.53) share price. EPD was included in 7 notes of analysts from April 3, 2019. Goldman Sachs upgraded it to “Buy” rating and $32 target in Wednesday, April 3 report. The stock of Enterprise Products Partners L.P. (NYSE:EPD) has “Buy” rating given on Thursday, August 1 by Stifel Nicolaus.

More notable recent Enterprise Products Partners L.P. (NYSE:EPD) news were published by: Finance.Yahoo.com which released: “Enterprise Products Partners LP (EPD) Q2 2019 Earnings Call Transcript – Yahoo Finance” on July 31, 2019, also Fool.com with their article: “Better Buy: Enbridge vs. Enterprise Products Partners – The Motley Fool” published on August 26, 2019, Finance.Yahoo.com published: “3 Dividend Stocks That Pay Better Than Coca-Cola – Yahoo Finance” on August 22, 2019. More interesting news about Enterprise Products Partners L.P. (NYSE:EPD) were released by: Seekingalpha.com and their article: “Enterprise Products Partners Is A Gem For Income Investors – Seeking Alpha” published on July 25, 2019 as well as Seekingalpha.com‘s news article titled: “Enterprise Products Partners: A Long-Term Stud Is A Short-Term Dud – Seeking Alpha” with publication date: August 30, 2019.

Enterprise Products Partners L.P. (NYSE:EPD) Institutional Positions Chart

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