Enterprise Products Partners L.P. (NYSE:EPD) Stake Raised by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC grew its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 215,563 shares of the oil and gas producer’s stock after buying an additional 783 shares during the period. Enterprise Products Partners accounts for about 1.4% of Jackson Hole Capital Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Jackson Hole Capital Partners LLC’s holdings in Enterprise Products Partners were worth $6,760,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Enterprise Products Partners by 7.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 20,219 shares of the oil and gas producer’s stock valued at $634,000 after buying an additional 1,357 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in Enterprise Products Partners by 1.0% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 450,396 shares of the oil and gas producer’s stock worth $14,124,000 after purchasing an additional 4,590 shares in the last quarter. Beam Wealth Advisors Inc. raised its holdings in Enterprise Products Partners by 7.2% during the fourth quarter. Beam Wealth Advisors Inc. now owns 32,118 shares of the oil and gas producer’s stock worth $1,007,000 after purchasing an additional 2,166 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Enterprise Products Partners by 10.6% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 19,997 shares of the oil and gas producer’s stock worth $627,000 after purchasing an additional 1,913 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Enterprise Products Partners by 3.5% during the fourth quarter. Lindbrook Capital LLC now owns 81,618 shares of the oil and gas producer’s stock worth $2,560,000 after purchasing an additional 2,790 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Up 2.1 %

EPD stock opened at $33.43 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a 1 year low of $27.37 and a 1 year high of $34.63. The company has a fifty day simple moving average of $33.06 and a 200 day simple moving average of $31.25. The firm has a market cap of $72.40 billion, a PE ratio of 12.43, a PEG ratio of 1.37 and a beta of 1.08.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. Sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.535 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. This represents a $2.14 annualized dividend and a dividend yield of 6.40%. Enterprise Products Partners’s payout ratio is presently 79.55%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Truist Financial boosted their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Wolfe Research lowered shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Wells Fargo & Company lowered shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target on the stock. in a research report on Wednesday, December 18th. Citigroup restated a “buy” rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Finally, Scotiabank lifted their price target on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Enterprise Products Partners has a consensus rating of “Moderate Buy” and a consensus price target of $34.90.

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.