1,071 institutions hold shares in Enterprise Products Partners L.P. (EPD), with 709.39M shares held by insiders accounting for 32.50% while institutional investors hold 47.12% of the company’s shares. The shares outstanding are 2.19B, and float is at 1.47B with Short Float at 1.95%. Institutions hold 31.81% of the Float.
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The top institutional shareholder in the company is Blackstone Group Inc. with over 70.09 million shares valued at $1.11 billion. The investor’s holdings represent 3.21% of the EPD Shares outstanding. As of Sep 29, 2020, the second largest holder is Goldman Sachs Group, Inc. with 41.63 million shares valued at $657.36 million to account for 1.91% of the shares outstanding. The other top investors are Tortoise Capital Advisors, LLC which holds 26.68 million shares representing 1.22% and valued at over $421.23 million, while Alps Advisors Inc. holds 1.12% of the shares totaling 24.48 million with a market value of $479.5 million.
Enterprise Products Partners L.P. (NYSE: EPD) is 10.06% higher on its value in year-to-date trading and has touched a low of $10.27 and a high of $26.33 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EPD stock was last observed hovering at around $21.57 in the last trading session, with the day’s loss setting it -0.01% off its average median price target of $27.00 for the next 12 months. It is also 28.13% off the consensus price target high of $30.00 offered by 26 analysts, but current levels are 6.26% higher than the price target low of $23.00 for the same period.
Currently trading at $21.56, the stock is 1.48% and 2.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.54 million and changing -0.05% at the moment leaves the stock 14.82% off its SMA200. EPD registered -17.77% loss for a year compared to 6-month gain of 18.07%. The firm has a 50-day simple moving average (SMA 50) of $21.48 and a 200-day simple moving average (SMA200) of $18.94.
The stock witnessed a -6.50% loss in the last 1 month and extending the period to 3 months gives it a 12.76%, and is 0.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.98% over the week and 2.41% over the month.
Enterprise Products Partners L.P. (EPD) has around 7300 employees, a market worth around $47.08B and $28.16B in sales. Current P/E ratio is 10.52 and Fwd P/E is 10.56. Profit margin for the company is 15.90%. Distance from 52-week low is 109.93% and -18.12% from its 52-week high. The company has generated returns on investments over the last 12 months (11.50%).
Enterprise Products Partners L.P. (EPD) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Enterprise Products Partners L.P. (EPD) is a “Buy”. 26 analysts offering their recommendations for the stock have an average rating of 1.60, where 0 rate it as a Hold and 3 think it is a “Overweight”. 23 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Enterprise Products Partners L.P. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.47 with sales reaching $7.16B over the same period.The EPS is expected to grow by 9.20% this year, but quarterly earnings will post 9.50% year-over-year. Quarterly sales are estimated to shrink -4.30% in year-over-year returns.
Enterprise Products Partners L.P. (EPD) Insider Activity
A total of 79 insider transactions have happened at Enterprise Products Partners L.P. (EPD) in the last six months, with sales accounting for 33 and purchases happening 46 times. The most recent transaction is an insider purchase by TEAGUE AJ, the company’s Co-Chief Executive Officer. SEC filings show that TEAGUE AJ bought 5,025 shares of the company’s common stock on Dec 03 at a price of $20.07 per share for a total of $0.1 million. Following the purchase, the insider now owns 61746.0 shares.
Enterprise Products Partners L.P. disclosed in a document filed with the SEC on Nov 18 that Rutherford John R (Director) bought a total of 4,000 shares of the company’s common stock. The trade occurred on Nov 18 and was made at $19.22 per share for $76880.0. Following the transaction, the insider now directly holds 28358.0 shares of the EPD stock.
Still, SEC filings show that on Nov 16, TEAGUE AJ (Co-Chief Executive Officer) acquired 1,880 shares at an average price of $19.05 for $35812.0. The insider now directly holds 39,055 shares of Enterprise Products Partners L.P. (EPD).
Enterprise Products Partners L.P. (EPD): Who are the competitors?
The company’s main competitors (and peers) include DCP Midstream LP (DCP) that is trading 9.16% up over the past 12 months. Plains All American Pipeline L.P. (PAA) is -48.27% down on the 1-year trading charts. Short interest in the company’s stock has fallen -12.57% from the last report on Dec 30, 2020 to stand at a total of 32.23 million short shares sold with a short interest ratio of 2.98.