Jackson Hole Capital Partners LLC Has $7.09 Million Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Jackson Hole Capital Partners LLC lessened its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 207,573 shares of the oil and gas producer's stock after selling 7,990 shares during the period. Enterprise Products Partners accounts for 1.4% of Jackson Hole Capital Partners LLC's portfolio, making the stock its 14th largest holding. Jackson Hole Capital Partners LLC's holdings in Enterprise Products Partners were worth $7,087,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Security National Bank bought a new stake in shares of Enterprise Products Partners in the first quarter valued at about $30,000. Alpine Bank Wealth Management acquired a new position in Enterprise Products Partners in the 1st quarter valued at approximately $31,000. National Bank of Canada FI lifted its position in shares of Enterprise Products Partners by 55.4% in the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 360 shares during the period. Colonial Trust Co SC raised its stake in shares of Enterprise Products Partners by 44.9% in the fourth quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 314 shares in the last quarter. Finally, Parvin Asset Management LLC bought a new position in Enterprise Products Partners in the fourth quarter worth $35,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Trading Down 0.7%

EPD stock traded down $0.23 during trading on Friday, hitting $31.56. The company had a trading volume of 4,807,000 shares, compared to its average volume of 3,332,589. The company has a quick ratio of 0.64, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average price of $31.45 and a 200-day moving average price of $32.09. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month high of $34.63. The stock has a market cap of $68.46 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.84 and a beta of 0.64.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.05). Enterprise Products Partners had a return on equity of 19.90% and a net margin of 10.26%. The company had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $14.14 billion. During the same quarter last year, the firm earned $0.66 EPS. The business's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 31st will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend is Thursday, July 31st. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.54. Enterprise Products Partners's payout ratio is 81.65%.

Analyst Ratings Changes

Several brokerages recently commented on EPD. Argus raised Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Citigroup cut their price target on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Barclays cut their price target on shares of Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday, July 2nd. Wall Street Zen upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Finally, Mizuho set a $38.00 price target on shares of Enterprise Products Partners and gave the stock an "outperform" rating in a research note on Friday, July 11th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $36.36.

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.