As Magellan Midstream Partners LP (MMP) Market Valuation Declined, Bollard Group Has Increased by $387,589 Its Stake; Enterprise Prods Partners L (EPD) Holder Goodwin Daniel L Cut Position by $837,200

January 14, 2018 - By Richard Conner

Bollard Group Llc increased its stake in Magellan Midstream Partners Lp (MMP) by 1.28% based on its latest 2017Q3 regulatory filing with the SEC. Bollard Group Llc bought 5,459 shares as the company’s stock declined 7.68% while stock markets rallied. The hedge fund held 433,368 shares of the natural gas distribution company at the end of 2017Q3, valued at $30.80M, up from 427,909 at the end of the previous reported quarter. Bollard Group Llc who had been investing in Magellan Midstream Partners Lp for a number of months, seems to be bullish on the $17.02 billion market cap company. The stock increased 1.18% or $0.87 during the last trading session, reaching $74.62. About 1.11 million shares traded or 25.69% up from the average. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since January 14, 2017 and is uptrending. It has underperformed by 13.15% the S&P500.

Goodwin Daniel L decreased its stake in Enterprise Prods Partners L (EPD) by 71.08% based on its latest 2017Q3 regulatory filing with the SEC. Goodwin Daniel L sold 32,200 shares as the company’s stock declined 6.06% while stock markets rallied. The institutional investor held 13,100 shares of the natural gas distribution company at the end of 2017Q3, valued at $342,000, down from 45,300 at the end of the previous reported quarter. Goodwin Daniel L who had been investing in Enterprise Prods Partners L for a number of months, seems to be less bullish one the $62.41 billion market cap company. The stock increased 0.94% or $0.27 during the last trading session, reaching $28.88. About 6.11M shares traded or 0.57% up from the average. Enterprise Products Partners L.P. (NYSE:EPD) has declined 0.18% since January 14, 2017 and is downtrending. It has underperformed by 16.88% the S&P500.

Investors sentiment increased to 1 in 2017 Q3. Its up 0.01, from 0.99 in 2017Q2. It increased, as 54 investors sold EPD shares while 262 reduced holdings. 73 funds opened positions while 242 raised stakes. 783.53 million shares or 0.44% more from 780.09 million shares in 2017Q2 were reported. 105,213 are owned by Raymond James Na. Argent Trust holds 0.31% in Enterprise Products Partners L.P. (NYSE:EPD) or 30,504 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Systems stated it has 4.29% in Enterprise Products Partners L.P. (NYSE:EPD). A D Beadell Investment Counsel owns 62,760 shares or 1.4% of their US portfolio. 17,173 were reported by North Star Investment Management. Mckinley Capital Mgmt Delaware holds 48,846 shares. Janney Capital Mngmt Limited Com holds 0.02% or 17,763 shares. Violich Capital Mngmt Inc reported 20,751 shares. National Registered Inv Advisor stated it has 0.32% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Moreover, Perigon Wealth Mngmt Ltd Company has 0.07% invested in Enterprise Products Partners L.P. (NYSE:EPD). Apriem Advisors accumulated 11,302 shares. Palisade Asset Management Limited Liability Com owns 9,920 shares. Tiedemann Wealth Mgmt Ltd accumulated 3.21% or 1.51 million shares. Leavell Management invested in 152,144 shares or 0.49% of the stock. Walter & Keenan Consulting Com Mi Adv reported 9,000 shares.

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on January, 29. They expect $0.35 EPS, up 12.90% or $0.04 from last year’s $0.31 per share. EPD’s profit will be $756.38 million for 20.63 P/E if the $0.35 EPS becomes a reality. After $0.30 actual EPS reported by Enterprise Products Partners L.P. for the previous quarter, Wall Street now forecasts 16.67% EPS growth.

Among 24 analysts covering Enterprise Products Partners LP (NYSE:EPD), 23 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Enterprise Products Partners LP had 48 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Enterprise Products Partners L.P. (NYSE:EPD) earned “Buy” rating by Deutsche Bank on Wednesday, November 18. The company was upgraded on Monday, September 19 by Credit Suisse. Morgan Stanley upgraded the stock to “Overweight” rating in Wednesday, January 20 report. On Wednesday, November 16 the stock rating was initiated by Ladenburg Thalmann with “Buy”. The rating was initiated by Evercore with “Buy” on Friday, September 16. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, July 11 report. The firm has “Buy” rating given on Monday, June 5 by BMO Capital Markets. The stock has “Buy” rating by BMO Capital Markets on Monday, November 13. Stifel Nicolaus maintained the shares of EPD in report on Thursday, July 13 with “Buy” rating. The rating was initiated by Mitsubishi UFG with “Overweight” on Thursday, March 31.

Among 22 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 11 have Buy rating, 3 Sell and 8 Hold. Therefore 50% are positive. Magellan Midstream Partners L.P. had 54 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, February 5 by Credit Suisse. The company was maintained on Thursday, September 7 by Stifel Nicolaus. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Neutral” rating by Mizuho on Friday, September 30. The rating was upgraded by Stifel Nicolaus to “Hold” on Tuesday, August 11. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Underperform” rating given on Thursday, March 17 by Credit Suisse. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, February 25. RBC Capital Markets maintained Magellan Midstream Partners, L.P. (NYSE:MMP) rating on Sunday, August 27. RBC Capital Markets has “Hold” rating and $80.0 target. The company was maintained on Monday, February 6 by Mizuho. The firm has “Neutral” rating by UBS given on Friday, February 3. Raymond James downgraded Magellan Midstream Partners, L.P. (NYSE:MMP) rating on Thursday, January 12. Raymond James has “Outperform” rating and $80 target.

Since September 14, 2017, it had 0 buys, and 1 insider sale for $353,200 activity.

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