Jump Financial LLC Has $5.46 Million Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Jump Financial LLC increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 1,156.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,951 shares of the oil and gas producer's stock after buying an additional 160,109 shares during the quarter. Jump Financial LLC's holdings in Enterprise Products Partners were worth $5,455,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EPD. Guggenheim Capital LLC grew its position in Enterprise Products Partners by 7.5% in the 4th quarter. Guggenheim Capital LLC now owns 24,168 shares of the oil and gas producer's stock valued at $758,000 after buying an additional 1,687 shares in the last quarter. XTX Topco Ltd increased its stake in shares of Enterprise Products Partners by 196.0% during the fourth quarter. XTX Topco Ltd now owns 34,305 shares of the oil and gas producer's stock valued at $1,076,000 after acquiring an additional 22,717 shares during the period. Harber Asset Management LLC acquired a new stake in Enterprise Products Partners in the fourth quarter worth approximately $8,359,000. CreativeOne Wealth LLC boosted its stake in Enterprise Products Partners by 139.5% during the 4th quarter. CreativeOne Wealth LLC now owns 39,799 shares of the oil and gas producer's stock valued at $1,248,000 after purchasing an additional 23,178 shares in the last quarter. Finally, Fiducient Advisors LLC increased its position in shares of Enterprise Products Partners by 37.3% during the 4th quarter. Fiducient Advisors LLC now owns 77,413 shares of the oil and gas producer's stock valued at $2,428,000 after purchasing an additional 21,025 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays upped their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Truist Financial increased their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Citigroup reaffirmed a "buy" rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. JPMorgan Chase & Co. upped their price objective on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Finally, Wolfe Research downgraded shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $36.89.

Enterprise Products Partners Stock Performance

Enterprise Products Partners stock traded down $0.66 during trading hours on Monday, reaching $30.36. 1,290,704 shares of the company were exchanged, compared to its average volume of 4,362,867. 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 12 month low of $27.37 and a 12 month high of $34.63. The stock has a 50-day moving average of $32.61 and a 200 day moving average of $31.91. The firm has a market cap of $65.75 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.37 and a beta of 0.78.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.07 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The business's revenue was down 2.9% compared to the same quarter last year. As a group, research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.535 per share. The ex-dividend date is Wednesday, April 30th. This represents a $2.14 annualized dividend and a yield of 7.05%. Enterprise Products Partners's dividend payout ratio is currently 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.