Jackson Hole Capital Partners LLC Boosts Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Jackson Hole Capital Partners LLC increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 190,747 shares of the oil and gas producer’s stock after purchasing an additional 3,031 shares during the period. Enterprise Products Partners makes up approximately 1.3% of Jackson Hole Capital Partners LLC’s portfolio, making the stock its 15th largest position. Jackson Hole Capital Partners LLC’s holdings in Enterprise Products Partners were worth $5,026,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EPD. Alps Advisors Inc. raised its holdings in Enterprise Products Partners by 20.2% during the third quarter. Alps Advisors Inc. now owns 37,951,428 shares of the oil and gas producer’s stock worth $1,038,731,000 after purchasing an additional 6,369,350 shares in the last quarter. Blackstone Inc. increased its holdings in Enterprise Products Partners by 12.0% in the third quarter. Blackstone Inc. now owns 23,133,885 shares of the oil and gas producer’s stock valued at $633,174,000 after buying an additional 2,472,847 shares in the last quarter. American Century Companies Inc. increased its holdings in Enterprise Products Partners by 14.2% in the third quarter. American Century Companies Inc. now owns 17,331,648 shares of the oil and gas producer’s stock valued at $474,367,000 after buying an additional 2,155,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Enterprise Products Partners by 16.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,634,854 shares of the oil and gas producer’s stock valued at $263,706,000 after buying an additional 1,325,390 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Enterprise Products Partners by 2,436.1% in the fourth quarter. International Assets Investment Management LLC now owns 1,171,302 shares of the oil and gas producer’s stock valued at $308,640,000 after buying an additional 1,125,117 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Barclays increased their target price on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, March 26th. Mizuho reiterated a “buy” rating and issued a $34.00 price target on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Truist Financial increased their price target on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, Stifel Nicolaus increased their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $32.58.

Enterprise Products Partners Trading Down 0.4 %

NYSE EPD traded down $0.13 during mid-day trading on Thursday, reaching $28.92. 4,653,249 shares of the stock were exchanged, compared to its average volume of 4,938,114. Enterprise Products Partners L.P. has a 1-year low of $25.19 and a 1-year high of $29.99. The business’s fifty day simple moving average is $28.55 and its 200 day simple moving average is $27.32. The stock has a market capitalization of $62.71 billion, a PE ratio of 11.48 and a beta of 1.02. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, beating 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 net margin of 11.12% and a return on equity of 19.65%. Enterprise Products Partners’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $0.65 EPS. On average, research analysts anticipate that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be issued a $0.515 dividend. 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 dividend payout ratio (DPR) is presently 81.75%.

Enterprise Products Partners 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.