JFS Wealth Advisors LLC Has $4.55 Million Position in Enterprise Products Partners L.P. (EPD)

JFS Wealth Advisors LLC reduced its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 174,512 shares of the oil and gas producer’s stock after selling 2,225 shares during the period. Enterprise Products Partners L.P. accounts for approximately 1.2% of JFS Wealth Advisors LLC’s investment portfolio, making the stock its 21st biggest position. JFS Wealth Advisors LLC’s holdings in Enterprise Products Partners L.P. were worth $4,550,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in EPD. Ameritas Investment Partners Inc. grew its holdings in Enterprise Products Partners L.P. by 14.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock worth $107,000 after acquiring an additional 500 shares during the period. First Financial Corp IN grew its holdings in Enterprise Products Partners L.P. by 11.1% during the 2nd quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock worth $108,000 after acquiring an additional 400 shares during the period. First Eagle Investment Management LLC acquired a new stake in Enterprise Products Partners L.P. during the 2nd quarter worth about $130,000. Camarda Financial Advisors LLC grew its holdings in Enterprise Products Partners L.P. by 0.6% during the 2nd quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after acquiring an additional 27 shares during the period. Finally, Jacobi Capital Management LLC grew its holdings in Enterprise Products Partners L.P. by 690.9% during the 2nd quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock worth $148,000 after acquiring an additional 4,760 shares during the period. 37.48% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have weighed in on EPD. BidaskClub downgraded Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Royal Bank Of Canada decreased their price target on Enterprise Products Partners L.P. from $34.00 to $31.00 and set an “outperform” rating for the company in a report on Tuesday. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, August 11th. Zacks Investment Research upgraded Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Enterprise Products Partners L.P. in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $30.99.

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Shares of Enterprise Products Partners L.P. (NYSE EPD) traded up 0.86% during mid-day trading on Wednesday, hitting $24.71. The stock had a trading volume of 1,479,062 shares. The stock’s 50-day moving average is $25.86 and its 200 day moving average is $26.53. Enterprise Products Partners L.P. has a 1-year low of $23.84 and a 1-year high of $30.25. The firm has a market capitalization of $53.08 billion, a price-to-earnings ratio of 19.44 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The company had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the previous year, the company earned $0.27 earnings per share. Enterprise Products Partners L.P.’s quarterly revenue was up 17.6% on a year-over-year basis. Equities research analysts predict that Enterprise Products Partners L.P. will post $1.34 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Tuesday, October 31st will be paid a $0.4225 dividend. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.69 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date is Monday, October 30th. Enterprise Products Partners L.P.’s dividend payout ratio is presently 133.07%.

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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Institutional Ownership by Quarter for Enterprise Products Partners L.P. (NYSE:EPD)

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