First City Capital Management Inc. Has $362,000 Stake in Enterprise Products Partners L.P. (NYSE:EPD)

First City Capital Management Inc. grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 57.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,541 shares of the oil and gas producer’s stock after purchasing an additional 4,232 shares during the period. First City Capital Management Inc.’s holdings in Enterprise Products Partners were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in EPD. Modus Advisors LLC increased its position in shares of Enterprise Products Partners by 5.6% during the fourth quarter. Modus Advisors LLC now owns 20,561 shares of the oil and gas producer’s stock worth $645,000 after acquiring an additional 1,099 shares in the last quarter. Versant Capital Management Inc lifted its stake in Enterprise Products Partners by 10.7% in the 4th quarter. Versant Capital Management Inc now owns 3,519 shares of the oil and gas producer’s stock worth $110,000 after purchasing an additional 340 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Enterprise Products Partners by 16.2% during the 3rd quarter. Franklin Resources Inc. now owns 156,933 shares of the oil and gas producer’s stock valued at $4,628,000 after buying an additional 21,834 shares in the last quarter. Peapack Gladstone Financial Corp grew its holdings in shares of Enterprise Products Partners by 61.7% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 135,836 shares of the oil and gas producer’s stock valued at $3,954,000 after purchasing an additional 51,809 shares during the last quarter. Finally, Synovus Financial Corp grew its holdings in shares of Enterprise Products Partners by 20.0% during the 3rd quarter. Synovus Financial Corp now owns 50,140 shares of the oil and gas producer’s stock valued at $1,460,000 after purchasing an additional 8,361 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Trading Up 0.3 %

Shares of NYSE:EPD traded up $0.09 during mid-day trading on Friday, reaching $31.84. 1,810,728 shares of the company were exchanged, compared to its average volume of 2,572,906. 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 firm’s 50-day simple moving average is $31.35 and its 200 day simple moving average is $29.92. Enterprise Products Partners L.P. has a 1 year low of $26.12 and a 1 year high of $34.63. The firm has a market cap of $69.02 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 1.67 and a beta of 1.08.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly 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 business had revenue of $13.78 billion during the quarter, compared to analysts’ expectations of $13.87 billion. During the same period in the prior year, the business earned $0.60 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. Equities research analysts forecast that Enterprise Products Partners L.P. will post 2.69 EPS for the current year.

Analysts Set New Price Targets

EPD has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Bank of America assumed coverage on shares of Enterprise Products Partners in a research report on Thursday, October 17th. They issued a “buy” rating and a $35.00 target price for the company. Truist Financial lifted 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 report on Friday. Wells Fargo & Company cut shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target for the company. in a research report on Wednesday, December 18th. Finally, US Capital Advisors raised shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.50.

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.