Creative Planning Has Cut Its Enterprise Prods Partners L (EPD) Holding by $14.58 Million; Share Price Rose

September 16, 2018 - By Joseph Norton

Enterprise Products Partners L.P. (NYSE:EPD) LogoInvestors sentiment decreased to 1.01 in Q2 2018. Its down 0.01, from 1.02 in 2018Q1. It dropped, as 41 investors sold EPD shares while 261 reduced holdings. 74 funds opened positions while 231 raised stakes. 750.99 million shares or 0.27% less from 753.02 million shares in 2018Q1 were reported. Old Second Commercial Bank Of Aurora reported 50,610 shares stake. Bkd Wealth Advsrs Ltd Liability holds 0.02% or 8,321 shares. Hamilton Point Inv Ltd Liability Co has invested 0.1% in Enterprise Products Partners L.P. (NYSE:EPD). Atalanta Sosnoff Capital Ltd has invested 0.04% in Enterprise Products Partners L.P. (NYSE:EPD). 9,046 were accumulated by Howe & Rusling. Clinton Group Inc Inc reported 11,074 shares or 0% of all its holdings. Moreover, Brown Advisory Incorporated has 0.01% invested in Enterprise Products Partners L.P. (NYSE:EPD). Ims Mgmt invested in 0.01% or 800 shares. 358,825 were accumulated by First Advsrs Lp. Nuveen Asset Mngmt Ltd Co has 1.22M shares. Fiera Capital reported 0.01% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Advsr Asset Mgmt Inc reported 18,826 shares stake. Silvercrest Asset Mngmt Grp Llc has 0.18% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 712,996 shares. 10 holds 2.09% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD) for 335,563 shares. Hourglass Cap Ltd Liability Company, Texas-based fund reported 43,020 shares.

Since March 29, 2018, it had 2 buys, and 0 selling transactions for $705,137 activity.

Creative Planning decreased its stake in Enterprise Prods Partners L (EPD) by 10.25% based on its latest 2018Q2 regulatory filing with the SEC. Creative Planning sold 540,162 shares as the company’s stock rose 0.14% with the market. The institutional investor held 4.73 million shares of the natural gas distribution company at the end of 2018Q2, valued at $130.87 million, down from 5.27M at the end of the previous reported quarter. Creative Planning who had been investing in Enterprise Prods Partners L for a number of months, seems to be less bullish one the $63.60 billion market cap company. The stock increased 0.55% or $0.16 during the last trading session, reaching $29.23. About 4.68M shares traded or 23.17% up from the average. Enterprise Products Partners L.P. (NYSE:EPD) has risen 12.55% since September 16, 2017 and is uptrending. It has underperformed by 3.07% the S&P500.

Creative Planning, which manages about $13.73 billion and $25.46B US Long portfolio, upped its stake in Alphabet Inc by 30,683 shares to 33,783 shares, valued at $37.69 million in 2018Q2, according to the filing. It also increased its holding in Schwab Strategic Tr (SCHF) by 2.17M shares in the quarter, for a total of 15.79M shares, and has risen its stake in Ishares Tr (HYG).

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on November, 1. They expect $0.41 EPS, up 36.67 % or $0.11 from last year’s $0.3 per share. EPD’s profit will be $892.14M for 17.82 P/E if the $0.41 EPS becomes a reality. After $0.46 actual EPS reported by Enterprise Products Partners L.P. for the previous quarter, Wall Street now forecasts -10.87 % negative EPS growth.

More important recent Enterprise Products Partners L.P. (NYSE:EPD) news were published by: Fool.com which released: “3 High-Yield Stocks to Hold Forever” on September 16, 2018, also Bizjournals.com published article titled: “Two Houston energy cos. make moves on billions of dollars in debt”, Fool.com published: “Better Buy: Brookfield Renewable Partners LP vs. Enterprise Products Partners LP” on September 14, 2018. More interesting news about Enterprise Products Partners L.P. (NYSE:EPD) was released by: 247Wallst.com and their article: “4 Dividend Energy Stocks to Own as $80 Oil Could Happen This Fall” with publication date: September 14, 2018.

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

Among 7 analysts covering Enterprise Prods Partners (NYSE:EPD), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Enterprise Prods Partners had 11 analyst reports since March 27, 2018 according to SRatingsIntel. The stock of Enterprise Products Partners L.P. (NYSE:EPD) earned “Overweight” rating by Barclays Capital on Wednesday, July 11. Barclays Capital maintained the shares of EPD in report on Thursday, August 2 with “Overweight” rating. The firm has “Buy” rating by Bank of America given on Thursday, August 2. The stock of Enterprise Products Partners L.P. (NYSE:EPD) has “Overweight” rating given on Tuesday, April 17 by Barclays Capital. Seaport Global maintained Enterprise Products Partners L.P. (NYSE:EPD) rating on Monday, April 9. Seaport Global has “Buy” rating and $2700 target. The firm has “Buy” rating given on Wednesday, April 25 by JonesTrading. Bank of America maintained it with “Buy” rating and $29 target in Tuesday, March 27 report. The firm has “Overweight” rating given on Tuesday, May 1 by Barclays Capital. As per Thursday, August 2, the company rating was maintained by Stifel Nicolaus. The stock of Enterprise Products Partners L.P. (NYSE:EPD) earned “Overweight” rating by Morgan Stanley on Friday, August 17.

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

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