Gs Investments Inc. Buys Shares of 8,000 Enterprise Products Partners L.P. (EPD)

Gs Investments Inc. bought a new position in Enterprise Products Partners L.P. (NYSE:EPD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,000 shares of the oil and gas producer’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EPD. Day & Ennis LLC lifted its position in Enterprise Products Partners L.P. by 0.3% during the 1st quarter. Day & Ennis LLC now owns 8,057 shares of the oil and gas producer’s stock worth $222,000 after buying an additional 26 shares in the last quarter. Camarda Financial Advisors LLC lifted its position 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 buying an additional 27 shares in the last quarter. Focused Wealth Management Inc lifted its position in Enterprise Products Partners L.P. by 0.3% during the 1st quarter. Focused Wealth Management Inc now owns 11,788 shares of the oil and gas producer’s stock worth $325,000 after buying an additional 33 shares in the last quarter. Patten & Patten Inc. TN lifted its position in Enterprise Products Partners L.P. by 0.5% during the 2nd quarter. Patten & Patten Inc. TN now owns 9,487 shares of the oil and gas producer’s stock worth $257,000 after buying an additional 44 shares in the last quarter. Finally, CFO4Life Group LLC lifted its position in Enterprise Products Partners L.P. by 0.3% during the 2nd quarter. CFO4Life Group LLC now owns 13,894 shares of the oil and gas producer’s stock worth $376,000 after buying an additional 47 shares in the last quarter. 37.56% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This report was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.com-unik.info/2017/10/20/gs-investments-inc-buys-shares-of-8000-enterprise-products-partners-l-p-epd.html.

Enterprise Products Partners L.P. (NYSE:EPD) traded down 0.04% on Friday, reaching $25.32. 770,528 shares of the company’s stock were exchanged. Enterprise Products Partners L.P. has a 52 week low of $24.01 and a 52 week high of $30.25. The stock’s 50 day moving average is $26.15 and its 200 day moving average is $26.71. The company has a market cap of $54.39 billion, a price-to-earnings ratio of 19.92 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last released its 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). The business had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.44 billion. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The business’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, equities analysts anticipate that Enterprise Products Partners L.P. will post $1.34 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.4225 per share. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.69 annualized dividend and a dividend yield of 6.67%. The ex-dividend date is Monday, October 30th. Enterprise Products Partners L.P.’s payout ratio is 132.28%.

EPD has been the topic of several research reports. BidaskClub upgraded shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Friday, July 21st. Jefferies Group LLC reduced their price target on shares of Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, August 11th. Finally, BMO Capital Markets set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $30.99.

About Enterprise Products Partners L.P.

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.

Want to see what other hedge funds are holding EPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Products Partners L.P. (NYSE:EPD).

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

What are top analysts saying about Enterprise Products Partners L.P.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Enterprise Products Partners L.P. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit