JBR Co Financial Management Inc Invests $274,000 in Enterprise Products Partners L.P. (NYSE:EPD)

JBR Co Financial Management Inc acquired a new stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 8,037 shares of the oil and gas producer's stock, valued at approximately $274,000.

A number of other large investors have also recently bought and sold shares of the business. FourThought Financial Partners LLC boosted its position in Enterprise Products Partners by 18.5% during the fourth quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer's stock worth $4,407,000 after purchasing an additional 21,970 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Enterprise Products Partners by 7.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 310,132 shares of the oil and gas producer's stock valued at $9,726,000 after buying an additional 21,192 shares during the last quarter. Trek Financial LLC bought a new position in Enterprise Products Partners in the 4th quarter worth $3,405,000. Cerity Partners LLC lifted its position in Enterprise Products Partners by 18.9% during the 4th quarter. Cerity Partners LLC now owns 470,226 shares of the oil and gas producer's stock worth $14,661,000 after acquiring an additional 74,710 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Enterprise Products Partners by 14.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer's stock valued at $78,000 after acquiring an additional 308 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Trading Down 0.9%

Shares of EPD stock opened at $31.24 on Wednesday. The company has a market capitalization of $67.75 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.31 and a beta of 0.65. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63. 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 $31.08 and a 200 day moving average price of $32.18.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a net margin of 10.26% and a return on equity of 19.90%. The firm 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 posted $0.66 EPS. The business's revenue was up 4.5% on a year-over-year basis. Research analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 6.85%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's payout ratio is presently 80.15%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $37.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Scotiabank upped their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. JPMorgan Chase & Co. raised their price objective on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Finally, Morgan Stanley lifted their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $36.67.

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.

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