Jackson Hole Capital Partners LLC Purchases 3,031 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Jackson Hole Capital Partners LLC raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,747 shares of the oil and gas producer’s stock after acquiring an additional 3,031 shares during the period. Enterprise Products Partners makes up 1.3% of Jackson Hole Capital Partners LLC’s portfolio, making the stock its 15th biggest holding. Jackson Hole Capital Partners LLC’s holdings in Enterprise Products Partners were worth $5,026,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EPD. Hazlett Burt & Watson Inc. increased its position in Enterprise Products Partners by 8.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock worth $128,000 after buying an additional 371 shares during the period. Ellsworth Advisors LLC increased its position in Enterprise Products Partners by 1.9% in the 3rd quarter. Ellsworth Advisors LLC now owns 20,780 shares of the oil and gas producer’s stock worth $573,000 after buying an additional 380 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Enterprise Products Partners by 3.3% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,969 shares of the oil and gas producer’s stock worth $328,000 after buying an additional 386 shares during the period. Register Financial Advisors LLC increased its position in Enterprise Products Partners by 2.3% in the 4th quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer’s stock worth $456,000 after buying an additional 397 shares during the period. Finally, Your Advocates Ltd. LLP increased its position in Enterprise Products Partners by 1.9% in the 3rd quarter. Your Advocates Ltd. LLP now owns 22,481 shares of the oil and gas producer’s stock worth $615,000 after buying an additional 412 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EPD shares. Truist Financial lifted their price objective on Enterprise Products Partners from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price objective on shares of Enterprise Products Partners in a report on Friday, April 5th. Wells Fargo & Company lifted their price objective on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, Barclays lifted their price objective on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Enterprise Products Partners presently has a consensus rating of “Buy” and a consensus price target of $32.58.

Enterprise Products Partners Price Performance

Enterprise Products Partners stock traded down $0.13 on Thursday, reaching $28.92. The company’s stock had a trading volume of 4,653,249 shares, compared to its average volume of 4,938,114. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93. The company has a market cap of $62.71 billion, a price-to-earnings ratio of 11.48 and a beta of 1.02. The business’s fifty day moving average price is $28.55 and its 200 day moving average price is $27.32. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $14.62 billion for the quarter, compared to analyst estimates of $12.43 billion. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Equities analysts expect that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.12%. Enterprise Products Partners’s payout ratio is currently 81.75%.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.