Versant Capital Management Inc Has $110,000 Position in Enterprise Products Partners L.P. (NYSE:EPD)

Versant Capital Management Inc grew its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,519 shares of the oil and gas producer’s stock after acquiring an additional 340 shares during the period. Versant Capital Management Inc’s holdings in Enterprise Products Partners were worth $110,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Enterprise Products Partners by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 294,760 shares of the oil and gas producer’s stock worth $8,542,000 after purchasing an additional 3,770 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Enterprise Products Partners by 19.6% during the 2nd quarter. Van ECK Associates Corp now owns 75,730 shares of the oil and gas producer’s stock worth $2,195,000 after acquiring an additional 12,403 shares during the last quarter. Natixis Advisors LLC raised its stake in Enterprise Products Partners by 48.4% in the 2nd quarter. Natixis Advisors LLC now owns 18,048 shares of the oil and gas producer’s stock valued at $523,000 after acquiring an additional 5,887 shares during the period. Denver PWM LLC bought a new position in Enterprise Products Partners during the second quarter worth $48,000. Finally, Private Advisor Group LLC increased its holdings in shares of Enterprise Products Partners by 9.9% in the second quarter. Private Advisor Group LLC now owns 363,373 shares of the oil and gas producer’s stock valued at $10,531,000 after purchasing an additional 32,776 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Truist Financial upped their price target on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Bank of America began coverage on Enterprise Products Partners in a report on Thursday, October 17th. They set a “buy” rating and a $35.00 price target for the company. Wells Fargo & Company cut shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price for the company. in a research report on Wednesday, December 18th. Finally, US Capital Advisors raised Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Enterprise Products Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

Enterprise Products Partners Stock Up 0.3 %

Shares of EPD opened at $31.83 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. Enterprise Products Partners L.P. has a 52 week low of $26.12 and a 52 week high of $34.63. The stock has a market capitalization of $68.99 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.67 and a beta of 1.08. The stock has a fifty day moving average of $31.40 and a 200-day moving average of $29.95.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The firm had revenue of $13.78 billion during the quarter, compared to the consensus estimate of $13.87 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. Enterprise Products Partners’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current fiscal year.

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.