Jaffetilchin Investment Partners LLC Has $1.09 Million Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Jaffetilchin Investment Partners LLC raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 91.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,747 shares of the oil and gas producer's stock after purchasing an additional 16,577 shares during the quarter. Jaffetilchin Investment Partners LLC's holdings in Enterprise Products Partners were worth $1,090,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EPD. Kayne Anderson Capital Advisors LP lifted its stake in shares of Enterprise Products Partners by 16.7% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock valued at $426,125,000 after purchasing an additional 1,947,017 shares during the last quarter. Barclays PLC raised its holdings in shares of Enterprise Products Partners by 110.0% in the 3rd quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock valued at $73,699,000 after purchasing an additional 1,326,010 shares in the last quarter. Strategic Financial Concepts LLC raised its position in shares of Enterprise Products Partners by 3,884.7% in the 4th quarter. Strategic Financial Concepts LLC now owns 682,853 shares of the oil and gas producer's stock worth $21,414,000 after acquiring an additional 665,716 shares in the last quarter. Fisher Funds Management LTD purchased a new stake in shares of Enterprise Products Partners during the fourth quarter worth about $13,599,000. Finally, Invesco Ltd. lifted its holdings in shares of Enterprise Products Partners by 1.3% in the 4th quarter. Invesco Ltd. now owns 27,076,718 shares of the oil and gas producer's stock valued at $849,126,000 after buying an additional 359,288 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Stock Performance

Shares of NYSE EPD traded up $0.33 during midday trading on Wednesday, reaching $31.26. 1,232,745 shares of the company traded hands, compared to its average volume of 5,244,265. The stock has a 50-day moving average price of $32.75 and a 200 day moving average price of $31.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The company has a market cap of $67.70 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.37 and a beta of 0.78. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business's quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 earnings per share. Sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid 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 of this dividend is Wednesday, April 30th. Enterprise Products Partners's payout ratio is 79.55%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EPD shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, March 26th. JPMorgan Chase & Co. lifted their price target on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Scotiabank upped their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a report on Thursday, March 6th. Wolfe Research downgraded shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Finally, Morgan Stanley boosted their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.89.

Enterprise Products Partners 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.