Jackson Hole Capital Partners LLC Has $6.76 Million Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Jackson Hole Capital Partners LLC increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 215,563 shares of the oil and gas producer’s stock after buying an additional 783 shares during the period. Enterprise Products Partners makes up 1.4% of Jackson Hole Capital Partners LLC’s holdings, 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 have also recently added to or reduced their stakes in EPD. Verity & Verity LLC boosted its holdings in Enterprise Products Partners by 30.8% in the fourth quarter. Verity & Verity LLC now owns 110,648 shares of the oil and gas producer’s stock valued at $3,470,000 after acquiring an additional 26,032 shares during the last quarter. Spinnaker Trust bought a new position in shares of Enterprise Products Partners in the 4th quarter valued at about $280,000. FourThought Financial Partners LLC boosted its stake in shares of Enterprise Products Partners by 18.5% in the 4th quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer’s stock valued at $4,407,000 after purchasing an additional 21,970 shares during the last quarter. Paragon Advisors LLC acquired a new stake in shares of Enterprise Products Partners during the 3rd quarter worth approximately $2,628,000. Finally, FMR LLC raised its stake in shares of Enterprise Products Partners by 9.3% during the third quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer’s stock worth $420,037,000 after buying an additional 1,225,988 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

EPD has been the topic of several recent research reports. Scotiabank raised their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Thursday. Citigroup reissued a “buy” rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Wolfe Research lowered Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Wells Fargo & Company downgraded 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. Finally, Truist Financial boosted their price objective on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Enterprise Products Partners presently has an average rating of “Moderate Buy” and an average target price of $34.90.

Enterprise Products Partners Trading Up 2.1 %

NYSE EPD opened at $33.43 on Friday. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The stock’s 50 day moving average price is $33.06 and its two-hundred day moving average price is $31.25. The stock has a market capitalization of $72.40 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.37 and a beta of 1.08.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $14.20 billion for 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%. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share 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 $0.535 dividend. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.14 annualized dividend and a dividend yield of 6.40%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 79.55%.

About Enterprise Products Partners

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.