JB Capital LLC Raises Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

JB Capital LLC boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 3.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 126,253 shares of the oil and gas producer’s stock after acquiring an additional 4,743 shares during the quarter. JB Capital LLC’s holdings in Enterprise Products Partners were worth $3,959,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of Montreal Can lifted its position in shares of Enterprise Products Partners by 2.3% during the second quarter. Bank of Montreal Can now owns 25,371 shares of the oil and gas producer’s stock worth $739,000 after purchasing an additional 570 shares in the last quarter. Park Avenue Securities LLC boosted its position in Enterprise Products Partners by 4.2% in the 3rd quarter. Park Avenue Securities LLC now owns 36,633 shares of the oil and gas producer’s stock valued at $1,066,000 after buying an additional 1,474 shares during the period. Walnut Private Equity Partners LLC grew its stake in Enterprise Products Partners by 0.9% during the 3rd quarter. Walnut Private Equity Partners LLC now owns 700,000 shares of the oil and gas producer’s stock worth $20,520,000 after purchasing an additional 6,000 shares in the last quarter. Chemistry Wealth Management LLC purchased a new stake in Enterprise Products Partners during the 3rd quarter worth about $302,000. Finally, SL Advisors LLC grew its position in shares of Enterprise Products Partners by 3.1% during the third quarter. SL Advisors LLC now owns 73,064 shares of the oil and gas producer’s stock worth $2,127,000 after buying an additional 2,226 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners Price Performance

Shares of NYSE EPD opened at $32.70 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $70.87 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09. Enterprise Products Partners L.P. has a twelve month low of $26.12 and a twelve month high of $34.63. The business has a 50 day simple moving average of $32.53 and a 200-day simple moving average of $30.54.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date is Friday, January 31st. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s dividend payout ratio is currently 80.15%.

Wall Street Analyst Weigh In

Several research firms recently commented on EPD. Wells Fargo & Company lowered Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price on the stock. in a report on Wednesday, December 18th. Truist Financial lifted their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Wolfe Research downgraded Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Finally, Bank of America initiated coverage on Enterprise Products Partners in a report on Thursday, October 17th. They set a “buy” rating and a $35.00 price objective for the company. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.44.

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.