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ARCEP. Advisors LLC increased its stake in the common stock of Enterprise GP Holdings LP (NYSE: EPE) by 55.6% in the first quarter, according to the company in its latest Form 13F filed with Securities & Exchange Commission. The institutional investor held 117,653 shares of the energy producer after purchasing 42,060 additional shares during the quarter. ART. Holdings of Advisors LLC in the common shares of Enterprise GP Holdings LP rose to $ 157,000 as of the most recent SEC filing date.
A number of other institutional investors and hedge funds have recently changed their positions in EPE. First Trust Advisors LP purchased a new equity interest in Enterprise GP Holdings LP in the fourth quarter, valued at approximately $ 986,000. Schwab Charles Investment Management Inc. increased its holdings in Enterprise GP Holdings LP by 207.8% in the fourth quarter. Schwab Charles Investment Management Inc. now holds 186,220 shares of the energy producer worth $ 440,000 after purchasing an additional 125,720 shares in the last quarter. Luminus Management LLC increased its position in the ordinary shares of Enterprise GP Holdings LP by 457.6% in the fourth quarter. Luminus Management LLC now holds 2,230,380 shares of an energy producer valued at $ 5,264,000 after purchasing 1,830,380 additional shares in the last quarter. Fiera Capital Corp. increased its position in the common shares of Enterprise GP Holdings LLP by 150.0% in the first quarter. Fiera Capital Corp. now holds 500,000 shares of the energy producer's business worth $ 670,000 after purchasing 300,000 additional shares during the last quarter. Finally, BlackRock Inc. increased its position in Enterprise GP Holdings LP's common stock by 5.3% in the fourth quarter. BlackRock Inc. now holds 4,045,762 shares of the energy producer worth $ 9,548,000 after purchasing 203,147 additional shares in the last quarter. Institutional investors and hedge funds own 68.31% of the shares of the company.
Several research firms have recently published reports on ECEs. KLR Group has reduced the common shares of Enterprise GP Holdings LP from a "buy" rating to a "hold" rating and has set a target price of $ 3.00 for the company. in a research report on Monday, May 14th. ValuEngine downgraded the ordinary shares of Enterprise GP Holdings LP from a "buy" rating to a "hold" rating in a research report on Friday, June 15th. Stifel Nicolaus set a target price of $ 3.00 on the common shares of Enterprise GP Holdings LP and awarded the security a "hold" rating in a research report on Monday, April 23. Johnson Rice began hedging the common shares of Enterprise GP Holdings LP in a research report on Wednesday, March 21st. They set a "hold" rating and a target price of $ 2.00 for the company. Finally, Wells Fargo & Co lowered its target price on the common shares of Enterprise GP Holdings LP from $ 3.00 to $ 2.00 and established a "performing market" rating for the company in a research report on Monday, March 19th. Five financial badysts rated the stock with a sales note, nine attributed a reserve rating and two gave a buy-to-action rating. The company currently has an average rating of "Hold" and an average price of $ 2.75.
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In other common shares of Enterprise GP Holdings LP, the main shareholder Apollo Investment Fund Vii L. P sold 416,054 shares of the company in a transaction that occurred on Monday, July 9. The stock was sold at an average price of $ 2.94, for a total transaction of $ 1,223,198.76. The transaction has been disclosed in a legal deposit with the Securities & Exchange Commission, which is available at this link. In addition, the largest shareholder, Apollo Management Holdings Gp, sold 285,000 shares of the company as part of an operation that occurred on Friday, June 29. The shares were sold at an average price of $ 3.06, for a total value of $ 872,100.00. The disclosure for this sale can be found here. Insiders sold a total of 1,120,183 shares valued at $ 3,340,273 over the last 90 days. 0.39% of the stock is currently held by insiders of the company.
NYSE EPE opened Wednesday at $ 3.20. The company has a market capitalization of $ 741.53 million, a price / earnings ratio of -8.21 and a beta of 4.04. The company has a debt ratio of 10.01, a liquidity ratio of 0.54 and a ratio of 0.50. The common shares of Enterprise GP Holdings LP have a minimum of $ 1.26 in one year and a high of $ 3.80 in one year.
The common shares of Enterprise GP Holdings LP (NYSE: EPE) published their quarterly results on Tuesday, May 8. The energy producer reported ($ 0.07) earnings per share for the quarter, exceeding $ 0.01 the consensus estimate of ($ 0.08). The company achieved a turnover of $ 286.00 million during the quarter, compared with $ 282.76 million for badysts. The common shares of Enterprise GP Holdings LP had a negative return on equity of 19.01% and a negative net margin of 12.59%. Research badysts expect that the common shares of Enterprise GP Holdings LP will post a EPS of -0.08 for the current fiscal year.
Enterprise GP Holdings LP Common Stock
EP Energy Corporation, an independent exploration and production company, is engaged in the exploration, acquisition, development and production of oil, natural gas and natural gas in the United States. States. The company has interests in three main areas, such as the Permian Basin in western Texas; Eagle Ford Shale in South Texas; and the Altamont field in the Uinta Basin in northeastern Utah.
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