Center Coast Capital Advisors LP Decreased Its Stake in Enterprise Products Partners (EPD) by $76.56 Million as Shares Declined

April 17, 2018 - By Sheila Anderson

Enterprise Products Partners L.P. (NYSE:EPD) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 0.85. That’s change of 0.15, from 2017Q3’s 1. 60 investors sold all, 283 reduced holdings as EPD ratio fall. 219 rose positions while 73 funds bought positions. Funds hold 750.14 million shares thus 4.26% less from 2017Q3’s 783.53 million shares. Moreover, Marco Mngmt Limited Com has 1.27% invested in Enterprise Products Partners L.P. (NYSE:EPD). Whittier owns 48,778 shs for 0.05% of their capital. Hyman Charles D reported 17,029 shs. Citigroup has 0.07% invested in Enterprise Products Partners L.P. (NYSE:EPD). Alps Advsr Inc invested in 7.42% or 40.42M shs. Davis R M has invested 0.04% in Enterprise Products Partners L.P. (NYSE:EPD). Bnp Paribas Asset Mgmt Holding Sa has invested 0.01% in Enterprise Products Partners L.P. (NYSE:EPD). Tradewinds Capital Mngmt Lc has 0.01% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 400 shs. Whittier Tru Comm Of Nevada Inc, a Nevada-based fund reported 16,200 shs. Paragon Cap Mgmt Ltd reported 0.17% of its capital in Enterprise Products Partners L.P. (NYSE:EPD). Hap Trading Lc stated it has 0.12% of its capital in Enterprise Products Partners L.P. (NYSE:EPD). Mitchell Mcleod Pugh Williams Inc has invested 0.92% in Enterprise Products Partners L.P. (NYSE:EPD). Guyasuta Invest holds 0.04% or 12,300 shs. The France-based Exane Derivatives has invested 0% in Enterprise Products Partners L.P. (NYSE:EPD). 3.33M were accumulated by Blackrock.

EPD registered $1.10 million net activity with 2 insider purchases and 0 insider sales since March 7, 2018.

Center Coast Capital Advisors Lp reduced its holdings by 25.59% in Enterprise Products Partners (EPD), according to 2017Q4 Securities and Exchange form. By selling 2.94M shares Center Coast Capital Advisors Lp made the stock sank with 8.22%. The natural gas distribution company at the end of 2017Q4 was priced at $227.05 million. It’s down from 11.51 million at the end of the previous reported quarter. Now it had 8.56M shares held by the hedge fund . Enterprise Products Partners has $58.26B market cap. Its shares touched $26.83 on during the last trading session after 4.15% change.Enterprise Products Partners L.P. is downtrending after having declined 10.03% since April 17, 2017. EPD has 7.97 million volume or 22.10% up from normal. The stock underperformed the S&P500 by 21.58%.

The Center Coast Capital Advisors Lp’s stake in Buckeye Partners Lp (NYSE:BPL) was rose by 101,063 shares to 3.58 million shares valued at $177.38 million in 2017Q4, according to the filing. It manages about $3.24B and $3.72B US Long portfolio. For a total of 4.96 million shares it increased its holding in Nustar Energy Lp (NYSE:NS) by 306,958 shares in the quarter, and has risen its stake in Phillips 66 Partners Lp (NYSE:PSXP).

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on May, 1. They expect $0.37 earnings per share, up 2.78 % or $0.01 from last year’s $0.36 per share. EPD’s profit will be $803.42M for 18.13 P/E if the $0.37 EPS becomes a reality. After $0.37 actual earnings per share reported by Enterprise Products Partners L.P. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

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

Total analysts of 9 have positions in Enterprise Products Partners LP (NYSE:EPD) as follows: 9 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. The firm has $34.0 highest while $2700 is the lowest [Target]. The average target $31.44 is 17.18% above the last ($26.83) price. Since October 19, 2017 according to StockzIntelligence Inc Enterprise Products Partners LP has 11 analyst reports. In Monday, November 13 report BMO Capital Markets maintained it with “Buy” rating and $33.0 target. On Tuesday, March 27 the stock of Enterprise Products Partners L.P. (NYSE:EPD) has “Buy” rating given by Bank of America. On Tuesday, January 16 the company was maintained by RBC Capital Markets. The company rating was maintained by Seaport Global on Thursday, March 8. On Friday, March 2 the rating was maintained by UBS with “Buy”. On Wednesday, January 31 the rating was maintained by Stifel Nicolaus with “Buy”. The company rating was maintained by Stifel Nicolaus on Thursday, October 19. On Monday, April 9 Seaport Global maintained Enterprise Products Partners L.P. (NYSE:EPD) rating. Seaport Global has “Buy” rating and $2700 target. On Friday, January 12 Jefferies maintained the shares of EPD in report with “Buy” rating.

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

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