Miller Howard Investments INC Has Lowered Its Enterprise Prods Partners LP (EPD) Position as Share Price Rose

September 8, 2018 - By Richard Slagle

Enterprise Products Partners L.P. (NYSE:EPD) LogoInvestors sentiment increased to 1.02 in Q1 2018. Its up 0.17, from 0.85 in 2017Q4. It is positive, as 69 investors sold EPD shares while 235 reduced holdings. 72 funds opened positions while 238 raised stakes. 753.02 million shares or 0.38% more from 750.14 million shares in 2017Q4 were reported. Srb owns 518,829 shares. Thompson Investment Mngmt reported 0.05% in Enterprise Products Partners L.P. (NYSE:EPD). Callahan Advisors Limited Liability Com reported 32,715 shares or 0.16% of all its holdings. Camarda Ltd holds 0.15% or 6,032 shares. Avalon Advisors Limited Liability Company owns 1.08 million shares for 0.8% of their portfolio. Bb&T holds 0.01% or 11,636 shares. Bourgeon Ltd has 120,325 shares for 1.61% of their portfolio. Montecito Savings Bank has 0.22% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 27,088 shares. 35,672 were reported by Davis R M Incorporated. Dubuque Commercial Bank & Tru accumulated 1,175 shares. Cibc Asset Management reported 0.01% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Pennsylvania Commerce has 0.07% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 58,236 shares. Albert D Mason Incorporated stated it has 1.27% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). American National Registered Inv Advisor has invested 0.29% in Enterprise Products Partners L.P. (NYSE:EPD). Ensemble Cap Management Ltd Company reported 0.1% in Enterprise Products Partners L.P. (NYSE:EPD).

Since March 7, 2018, it had 2 insider buys, and 0 sales for $705,137 activity.

Miller Howard Investments Inc decreased its stake in Enterprise Prods Partners LP (EPD) by 12.18% based on its latest 2018Q1 regulatory filing with the SEC. Miller Howard Investments Inc sold 919,978 shares as the company’s stock rose 9.72% while stock markets declined. The institutional investor held 6.63M shares of the natural gas distribution company at the end of 2018Q1, valued at $162.37M, down from 7.55M at the end of the previous reported quarter. Miller Howard Investments Inc who had been investing in Enterprise Prods Partners LP for a number of months, seems to be less bullish one the $62.78B market cap company. The stock decreased 0.38% or $0.11 during the last trading session, reaching $28.85. About 3.78M shares traded. Enterprise Products Partners L.P. (NYSE:EPD) has risen 4.65% since September 8, 2017 and is uptrending. It has underperformed by 7.92% the S&P500.

Miller Howard Investments Inc, which manages about $6.68 billion and $4.23 billion US Long portfolio, upped its stake in One Gas Inc Com (NYSE:OGS) by 52,496 shares to 73,817 shares, valued at $4.87 million in 2018Q1, according to the filing. It also increased its holding in Qualcomm Inc Com (NASDAQ:QCOM) by 67,808 shares in the quarter, for a total of 1.15 million shares, and has risen its stake in Macquarie Infrastructure Corp (NYSE:MIC).

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 17.59 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.

Another recent and important Enterprise Products Partners L.P. (NYSE:EPD) news was published by Seekingalpha.com which published an article titled: “A Winning Strategy For Enterprise Products Partners” on August 16, 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. Barclays Capital maintained it with “Overweight” rating and $30 target in Tuesday, May 1 report. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, April 17 report. JonesTrading initiated the shares of EPD in report on Wednesday, April 25 with “Buy” rating. The rating was maintained by Bank of America on Thursday, August 2 with “Buy”. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, August 2 report. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, July 11. On Thursday, August 2 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of Enterprise Products Partners L.P. (NYSE:EPD) has “Buy” rating given on Tuesday, March 27 by Bank of America. The firm earned “Overweight” rating on Friday, August 17 by Morgan Stanley. The company was maintained on Monday, April 9 by Seaport Global.

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

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