OneDigital Investment Advisors LLC Sells 11,657 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

OneDigital Investment Advisors LLC decreased its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 21.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 41,914 shares of the oil and gas producer's stock after selling 11,657 shares during the period. OneDigital Investment Advisors LLC's holdings in Enterprise Products Partners were worth $1,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EPD. Brighton Jones LLC increased its stake in shares of Enterprise Products Partners by 19.9% in the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer's stock valued at $1,023,000 after purchasing an additional 5,425 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Enterprise Products Partners by 14.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer's stock valued at $78,000 after acquiring an additional 308 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Enterprise Products Partners by 7.2% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 20,219 shares of the oil and gas producer's stock valued at $634,000 after acquiring an additional 1,357 shares in the last quarter. Sowell Financial Services LLC boosted its holdings in shares of Enterprise Products Partners by 15.4% during the 4th quarter. Sowell Financial Services LLC now owns 75,369 shares of the oil and gas producer's stock valued at $2,364,000 after acquiring an additional 10,064 shares in the last quarter. Finally, Objectivity Squared LLC boosted its holdings in shares of Enterprise Products Partners by 2.7% during the 4th quarter. Objectivity Squared LLC now owns 43,738 shares of the oil and gas producer's stock valued at $1,407,000 after acquiring an additional 1,167 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EPD. Citigroup cut their price objective on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Argus raised Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $37.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. TD Cowen started coverage on Enterprise Products Partners in a research note on Monday. They set a "hold" rating and a $33.00 price target on the stock. Finally, Barclays decreased their price objective on Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Wednesday, July 2nd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.20.

Enterprise Products Partners Stock Performance

NYSE EPD traded up $0.41 on Tuesday, hitting $31.72. 3,035,648 shares of the stock traded hands, compared to its average volume of 4,471,655. The business's fifty day moving average is $31.26 and its two-hundred day moving average is $32.08. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month high of $34.63. The firm has a market capitalization of $68.80 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.31 and a beta of 0.64. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.86.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.05). Enterprise Products Partners had a net margin of 10.26% and a return on equity of 19.90%. The firm had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. During the same period last year, the company posted $0.66 earnings per share. Enterprise Products Partners's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Company 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.