Enterprise Products Partners L.P. (EPD) Stake Held by Jacobus Wealth Management Inc.

Enterprise Products Partners L.P. (EPD) Stake Held by Jacobus Wealth Management Inc.

Jacobus Wealth Management Inc. continued to hold its stake in Enterprise Products Partners L.P. (NYSE:EPD) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,000 shares of the company’s stock at the end of the third quarter. Jacobus Wealth Management Inc.’s holdings in Enterprise Products Partners L.P. were worth $1,022,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 94.3% in the second quarter. Johnson Financial Group Inc. now owns 3,621 shares of the company’s stock worth $106,000 after buying an additional 1,757 shares during the period. Financial Management Professionals Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 217.8% in the third quarter. Financial Management Professionals Inc. now owns 4,144 shares of the company’s stock worth $114,000 after buying an additional 2,840 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Enterprise Products Partners L.P. during the second quarter worth $116,000. Hanson McClain Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 52.9% in the second quarter. Hanson McClain Inc. now owns 3,970 shares of the company’s stock worth $116,000 after buying an additional 1,374 shares during the period. Finally, Baker Ellis Asset Management LLC bought a new stake in shares of Enterprise Products Partners L.P. during the second quarter worth $117,000. Institutional investors and hedge funds own 36.00% of the company’s stock.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at 28.69 on Friday. Enterprise Products Partners L.P. has a one year low of $19.64 and a one year high of $30.25. The company has a market capitalization of $60.31 billion, a P/E ratio of 23.91 and a beta of 0.91. The firm has a 50 day moving average price of $27.57 and a 200 day moving average price of $26.84.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings data on Monday, January 30th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $5.99 billion. Enterprise Products Partners L.P. had a return on equity of 11.55% and a net margin of 10.92%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. On average, equities research analysts predict that Enterprise Products Partners L.P. will post $1.40 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 7th. Investors of record on Tuesday, January 31st will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, January 27th. This represents a $1.64 dividend on an annualized basis and a yield of 5.72%. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.41. Enterprise Products Partners L.P.’s payout ratio is currently 136.67%.

A number of analysts have weighed in on the company. Sanford C. Bernstein set a $34.00 price target on Enterprise Products Partners L.P. and gave the company a “buy” rating in a research report on Sunday, January 15th. Barclays PLC upped their price target on Enterprise Products Partners L.P. from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, January 31st. Vetr cut Enterprise Products Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $30.51 price target on the stock. in a research report on Thursday, January 5th. Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $30.00 price target on shares of Enterprise Products Partners L.P. in a research report on Sunday, December 4th. Finally, Deutsche Bank AG reduced their price objective on Enterprise Products Partners L.P. from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, October 10th. Two investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.58.

In other news, Director Carin Marcy Barth acquired 4,000 shares of Enterprise Products Partners L.P. stock in a transaction that occurred on Wednesday, November 16th. The shares were acquired at an average price of $25.27 per share, for a total transaction of $101,080.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 37.50% of the company’s stock.

Enterprise Products Partners L.P. Company Profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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