Lincoln National Corp Has $504,000 Holdings in Enterprise Products Partners L.P. (EPD)

Lincoln National Corp lifted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,586 shares of the oil and gas producer’s stock after purchasing an additional 789 shares during the quarter. Lincoln National Corp’s holdings in Enterprise Products Partners L.P. were worth $504,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EPD. First Financial Corp IN raised its stake in shares of Enterprise Products Partners L.P. by 11.1% during the second quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock valued at $108,000 after purchasing an additional 400 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Enterprise Products Partners L.P. during the second quarter valued at about $130,000. Camarda Financial Advisors LLC raised its stake in shares of Enterprise Products Partners L.P. by 0.6% during the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock valued at $131,000 after purchasing an additional 27 shares in the last quarter. Intellectus Partners LLC raised its stake in shares of Enterprise Products Partners L.P. by 8.0% during the first quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock valued at $149,000 after purchasing an additional 399 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its stake in shares of Enterprise Products Partners L.P. by 42.4% during the first quarter. Archford Capital Strategies LLC now owns 6,959 shares of the oil and gas producer’s stock valued at $192,000 after purchasing an additional 2,071 shares in the last quarter. Institutional investors and hedge funds own 37.55% of the company’s stock.

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Enterprise Products Partners L.P. (NYSE EPD) opened at 25.90 on Friday. The stock has a market cap of $55.63 billion, a PE ratio of 20.38 and a beta of 0.90. The firm’s 50-day moving average price is $25.99 and its 200 day moving average price is $26.89. Enterprise Products Partners L.P. has a 1-year low of $24.01 and a 1-year high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). The business had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS. Equities research analysts expect that Enterprise Products Partners L.P. will post $1.35 EPS for the current year.

EPD has been the topic of a number of recent analyst reports. BMO Capital Markets set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a research note on Monday, June 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, August 11th. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Friday, July 21st. Jefferies Group LLC dropped their price target on shares of Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, September 1st. Finally, BidaskClub upgraded shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $31.30.

Enterprise Products Partners L.P. Company Profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

Institutional Ownership by Quarter for Enterprise Products Partners L.P. (NYSE:EPD)

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