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) during the first quarter, HoldingsChannel reports. The fund acquired 8,037 shares of the oil and gas producer’s stock, valued at approximately $274,000.

A number of other institutional investors have also recently bought and sold shares of EPD. FourThought Financial Partners LLC lifted 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 period. Steward Partners Investment Advisory LLC increased its holdings in Enterprise Products Partners by 7.3% in the fourth 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 purchasing an additional 21,192 shares during the last quarter. Trek Financial LLC bought a new stake in Enterprise Products Partners in the fourth quarter valued at about $3,405,000. Cerity Partners LLC lifted its stake in Enterprise Products Partners by 18.9% in the fourth quarter. Cerity Partners LLC now owns 470,226 shares of the oil and gas producer’s stock valued at $14,661,000 after buying an additional 74,710 shares during the period. 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 worth $78,000 after buying an additional 308 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

Shares of NYSE EPD opened at $31.24 on Wednesday. The company has a fifty day moving average price of $31.08 and a 200 day moving average price of $32.18. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The firm has a market cap of $67.75 billion, a PE ratio of 11.70, a PEG ratio of 1.31 and a beta of 0.65. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98.

Enterprise Products Partners (NYSE:EPD) last announced 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). The firm had revenue of $15.42 billion during the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a net margin of 10.26% and a return on equity of 19.90%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. Research analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners’s dividend payout ratio is presently 80.15%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Enterprise Products Partners from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Scotiabank upped their target price on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Thursday, June 5th. Citigroup cut their target price on shares of Enterprise Products Partners from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th. Barclays decreased their price target on shares of Enterprise Products Partners from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Tuesday, May 20th. Finally, Argus raised Enterprise Products Partners to a “strong-buy” rating in a research note on Monday, May 5th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.67.

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.