As Enterprise Prods Partners L (EPD) Share Value Rose, Creative Planning Cut Its Stake by $14.58 Million

September 16, 2018 - By Harriett Tippett

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 turned negative, 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. Natl Bank Of Montreal Can reported 0.09% in Enterprise Products Partners L.P. (NYSE:EPD). Pnc Financial Incorporated reported 0.08% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Round Table Limited Co reported 24,250 shares stake. Neville Rodie & Shaw invested in 0.5% or 169,643 shares. Everett Harris & Co Ca reported 149,525 shares. Coastline Trust owns 54,640 shares or 0.23% of their US portfolio. Kistler holds 4,248 shares. Thompson Invest Mngmt Inc holds 11,866 shares or 0.06% of its portfolio. 28,842 were accumulated by South State Corporation. Missouri-based Enterprise Fin Svcs has invested 0.17% in Enterprise Products Partners L.P. (NYSE:EPD). Golub Grp Incorporated Limited Liability Company invested in 0.02% or 7,600 shares. 37,846 are owned by Signaturefd Ltd Liability Corporation. Brookstone reported 7,317 shares. Alpha Cubed Invs Lc accumulated 0.06% or 17,869 shares. Advisory owns 6.07M shares for 2.69% of their portfolio.

Since March 29, 2018, it had 2 insider buys, and 0 insider sales 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 4.73M shares of the natural gas distribution company at the end of 2018Q2, valued at $130.87 million, down from 5.27 million 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 4.68 million 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 $13.73B and $25.46B US Long portfolio, upped its stake in Qualcomm Inc (NASDAQ:QCOM) by 244,213 shares to 244,313 shares, valued at $13.71M in 2018Q2, according to the filing. It also increased its holding in Align Technology Inc (NASDAQ:ALGN) by 17,659 shares in the quarter, for a total of 18,859 shares, and has risen its stake in Berkshire Hathaway Inc Del (BRKB).

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on November, 1. They expect $0.41 earnings per share, 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 earnings per share 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: 247Wallst.com which released: “4 Dividend Energy Stocks to Own as $80 Oil Could Happen This Fall” on September 14, 2018, also Fool.com published article titled: “3 High-Yield Stocks to Hold Forever”, Bizjournals.com published: “Two Houston energy cos. make moves on billions of dollars in debt” on September 14, 2018. More interesting news about Enterprise Products Partners L.P. (NYSE:EPD) was released by: Fool.com and their article: “Better Buy: Brookfield Renewable Partners LP vs. Enterprise Products Partners LP” 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 firm earned “Overweight” rating on Wednesday, July 11 by Barclays Capital. The stock of Enterprise Products Partners L.P. (NYSE:EPD) has “Overweight” rating given on Thursday, August 2 by Barclays Capital. Bank of America maintained it with “Buy” rating and $31 target in Thursday, August 2 report. The rating was maintained by Bank of America on Tuesday, March 27 with “Buy”. Morgan Stanley maintained Enterprise Products Partners L.P. (NYSE:EPD) rating on Friday, August 17. Morgan Stanley has “Overweight” rating and $32 target. The stock has “Overweight” rating by Barclays Capital on Tuesday, April 17. On Tuesday, May 1 the stock rating was maintained by Barclays Capital with “Overweight”. Seaport Global maintained the shares of EPD in report on Monday, April 9 with “Buy” rating. The company was maintained on Thursday, August 2 by Stifel Nicolaus. The firm has “Buy” rating given on Wednesday, April 25 by JonesTrading.

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

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