Jones Financial Companies Lllp Purchases 16,597 Shares of Enterprise Products Partners L.P. $EPD

Jones Financial Companies Lllp raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 8.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 214,632 shares of the oil and gas producer’s stock after buying an additional 16,597 shares during the period. Jones Financial Companies Lllp’s holdings in Enterprise Products Partners were worth $7,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Park Place Capital Corp grew its position in Enterprise Products Partners by 5.8% during the 2nd quarter. Park Place Capital Corp now owns 25,204 shares of the oil and gas producer’s stock worth $926,000 after acquiring an additional 1,389 shares during the last quarter. Fiduciary Financial Advisors bought a new position in Enterprise Products Partners in the 2nd quarter valued at $74,000. Nitor Capital Management LLC boosted its stake in Enterprise Products Partners by 0.4% in the second quarter. Nitor Capital Management LLC now owns 223,604 shares of the oil and gas producer’s stock worth $8,220,000 after purchasing an additional 1,000 shares in the last quarter. LM Advisors LLC grew its holdings in shares of Enterprise Products Partners by 2,547.9% during the second quarter. LM Advisors LLC now owns 6,355 shares of the oil and gas producer’s stock worth $234,000 after purchasing an additional 6,115 shares during the last quarter. Finally, Kirtland Hills Capital Management LLC grew its holdings in shares of Enterprise Products Partners by 14.2% during the second quarter. Kirtland Hills Capital Management LLC now owns 38,737 shares of the oil and gas producer’s stock worth $1,424,000 after purchasing an additional 4,828 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EPD shares. Morgan Stanley reaffirmed an “underweight” rating and issued a $41.00 price target (up from $40.00) on shares of Enterprise Products Partners in a report on Tuesday, August 18th. Citigroup restated a “buy” rating and issued a $44.00 price objective (up from $39.00) on shares of Enterprise Products Partners in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Enterprise Products Partners from a “buy (b)” rating to a “buy (a-)” rating in a research report on Tuesday, August 11th. UBS Group reissued a “buy” rating and set a $45.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, June 17th. Finally, Stifel Nicolaus raised their price target on shares of Enterprise Products Partners from $41.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Enterprise Products Partners Stock Up 1.0%

Shares of NYSE EPD opened at $38.38 on Tuesday. Enterprise Products Partners L.P. has a 1 year low of $30.01 and a 1 year high of $40.17. The firm’s 50-day moving average is $37.70 and its 200-day moving average is $37.57. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $82.89 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 1.25 and a beta of 0.49.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. The business had revenue of $18.27 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same period in the prior year, the business posted $0.66 earnings per share. Enterprise Products Partners’s revenue was up 60.8% compared to the same quarter last year. Equities analysts expect that Enterprise Products Partners L.P. will post 3.03 EPS for the current year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a $0.56 dividend. The ex-dividend date of this dividend was Friday, July 31st. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.55. This represents a $2.24 annualized dividend and a yield of 5.8%. Enterprise Products Partners’s payout ratio is currently 77.78%.

Enterprise Products Partners Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.