Creative Planning Cut Enterprise Prods Partners L (EPD) Stake by $14.58 Million

November 10, 2018 - By whatsonthorold

Enterprise Products Partners L.P. (NYSE:EPD) LogoInvestors sentiment decreased to 1.01 in 2018 Q2. Its down 0.01, from 1.02 in 2018Q1. It fall, 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. Botty Invsts Ltd Co invested 0.6% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Hamlin Capital Management Lc has 3.68 million shares. Klingenstein Fields And Co Limited Liability Com has invested 0.02% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Tennessee-based State Of Tennessee Treasury Department has invested 0.04% in Enterprise Products Partners L.P. (NYSE:EPD). Mckinley Mngmt Ltd Liability Com Delaware reported 0.08% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Cullen Frost Bankers stated it has 105,726 shares. Capital Advsr Ltd Limited Liability Corporation has invested 0.13% in Enterprise Products Partners L.P. (NYSE:EPD). 130,970 are owned by Co Fincl Bank. Cap Advsr Ltd Liability Com has invested 0.41% in Enterprise Products Partners L.P. (NYSE:EPD). Ing Groep Nv, a Netherlands-based fund reported 7.74M shares. Td Asset Mngmt owns 15,852 shares. Budros Ruhlin & Roe Incorporated holds 8,290 shares or 0.06% of its portfolio. Girard Prtn Limited holds 30,159 shares or 0.16% of its portfolio. Thrivent For Lutherans stated it has 0.02% in Enterprise Products Partners L.P. (NYSE:EPD). Moreover, Davis R M has 0.03% invested in Enterprise Products Partners L.P. (NYSE:EPD).

Since August 2, 2018, it had 1 buy, and 0 sales for $99,929 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 $130.87M, 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 $59.34B market cap company. The stock decreased 0.40% or $0.11 during the last trading session, reaching $27.27. About 5.01 million shares traded or 14.56% up from the average. Enterprise Products Partners L.P. (NYSE:EPD) has risen 12.55% since November 10, 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 Blackrock Inc (NYSE:BLK) by 8,523 shares to 8,723 shares, valued at $4.35M in 2018Q2, according to the filing. It also increased its holding in Praxair Inc (NYSE:PX) by 25,477 shares in the quarter, for a total of 25,977 shares, and has risen its stake in Valero Energy Corp New (NYSE:VLO).

More important recent Enterprise Products Partners L.P. (NYSE:EPD) news were published by: Seekingalpha.com which released: “EPD: Volume Growth Driving Results Higher” on November 04, 2018, also Seekingalpha.com published article titled: “Enterprises Products Partners +1.5% on strong Q3 results”, Fool.com published: “Is Kinder Morgan, Inc. a Buy?” on November 10, 2018. More interesting news about Enterprise Products Partners L.P. (NYSE:EPD) was released by: Seekingalpha.com and their article: “Margin Expansion, Marginal Gains” with publication date: November 05, 2018.

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

Among 8 analysts covering Enterprise Prods Partners (NYSE:EPD), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Enterprise Prods Partners had 12 analyst reports since July 11, 2018 according to SRatingsIntel. Barclays Capital maintained Enterprise Products Partners L.P. (NYSE:EPD) rating on Thursday, August 2. Barclays Capital has “Overweight” rating and $34 target. Raymond James maintained it with “Strong Buy” rating and $35 target in Thursday, October 4 report. The rating was maintained by Wells Fargo with “Outperform” on Thursday, November 1. Stifel Nicolaus maintained the shares of EPD in report on Thursday, August 2 with “Buy” rating. As per Wednesday, July 11, the company rating was maintained by Barclays Capital. The firm has “Outperform” rating by Wells Fargo given on Monday, October 8. The rating was maintained by Bank of America with “Buy” on Thursday, August 2. Bank of America maintained the shares of EPD in report on Monday, October 15 with “Buy” rating. The rating was maintained by Barclays Capital with “Overweight” on Friday, October 12. The stock has “Overweight” rating by Morgan Stanley on Friday, August 17.

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

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