Godsey & Gibb Inc. Purchases 1,803 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Godsey & Gibb Inc. increased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 29.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,977 shares of the oil and gas producer’s stock after purchasing an additional 1,803 shares during the period. Godsey & Gibb Inc.’s holdings in Enterprise Products Partners were worth $272,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EPD. Brighton Jones LLC raised its position in Enterprise Products Partners by 19.9% in the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock worth $1,023,000 after buying an additional 5,425 shares during the last quarter. Bleakley Financial Group LLC raised its position in Enterprise Products Partners by 6.6% in the 4th quarter. Bleakley Financial Group LLC now owns 22,111 shares of the oil and gas producer’s stock worth $693,000 after buying an additional 1,375 shares during the last quarter. GHP Investment Advisors Inc. raised its position in Enterprise Products Partners by 32.5% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,325 shares of the oil and gas producer’s stock worth $42,000 after buying an additional 325 shares during the last quarter. Consolidated Portfolio Review Corp purchased a new position in Enterprise Products Partners in the 4th quarter worth about $2,706,000. Finally, Leo Wealth LLC raised its position in Enterprise Products Partners by 22.4% in the 4th quarter. Leo Wealth LLC now owns 25,796 shares of the oil and gas producer’s stock worth $809,000 after buying an additional 4,717 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Performance

EPD opened at $31.46 on Friday. The firm has a market cap of $68.23 billion, a P/E ratio of 11.70, a PEG ratio of 1.37 and a beta of 0.65. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The company has a 50 day simple moving average of $30.94 and a two-hundred day simple moving average of $32.24. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). The firm had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 earnings per share. Equities analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.80%. Enterprise Products Partners’s dividend payout ratio is 80.15%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Barclays decreased their target price on Enterprise Products Partners from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Tuesday, May 20th. Scotiabank upped their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $37.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Morgan Stanley upped their price target on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 11th. Finally, Argus raised shares of Enterprise Products Partners to a “strong-buy” rating in a research report on Monday, May 5th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.67.

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.