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Enterprise Products Partners L P (EPD) Stock Could Soon Reward Patient Investors

Enterprise Products Partners L P (NYSE: EPD) is 5.31% higher on its value in year-to-date trading and has touched a low of $24.66 and a high of $27.95 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 $27.45 in the last trading session, with the day’s gains setting it 0.3%.

Currently trading at $27.75, the stock is 3.01% and 3.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.66 million and changing 1.09% at the moment leaves the stock 4.22% off its SMA200. EPD registered 8.31% gain for a year compared to 6-month gain of 3.89%. The firm has a 50-day simple moving average (SMA 50) of $1.79 and a 200-day simple moving average (SMA200) of $12.77.

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The stock witnessed a 3.70% loss in the last 1 month and extending the period to 3 months gives it a 4.95%, and is 0.25% 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 1.11% over the week and 1.20% over the month.

Enterprise Products Partners L P (EPD) has around 7500 employees, a market worth around $60.17B and $49.40B in sales. Current P/E ratio is 11.01 and Fwd P/E is 9.81. Profit margin for the company is 11.12%. Distance from 52-week low is 12.53% and -0.72% from its 52-week high. The company has generated returns on investments over the last 12 months (9.90%).

Enterprise Products Partners L P quarterly earnings per share for the current quarter are estimated at $0.67 with sales reaching $13.21B over the same period.The EPS is expected to grow by 6.29% this year, but quarterly earnings will post 4.50% year-over-year. Quarterly sales are estimated to grow 6.20% in year-over-year returns.

Enterprise Products Partners L P (EPD) Top Institutional Holders

1,371 institutions hold shares in Enterprise Products Partners L P (EPD), with institutional investors hold 39.34% of the company’s shares. The shares outstanding are 2.17B, and float is at 1.43B with Short Float at 1.38%. Institutions hold 26.44% of the Float.

The top institutional shareholder in the company is Marquard & Bahls Ag with over 36.95 million shares valued at $973.56 million. The investor’s holdings represent 1.70% of the EPD Shares outstanding. As of Jun 29, 2023, the second largest holder is Alps Advisors Inc. with 31.58 million shares valued at $832.19 million to account for 1.45% of the shares outstanding. The other top investors are Blackrock Inc. which holds 20.69 million shares representing 0.95% and valued at over $545.1 million, while Blackstone Inc holds 0.95% of the shares totaling 20.66 million with a market value of $544.42 million.

Enterprise Products Partners L P (EPD) Insider Activity

A total of 1 insider transactions have happened at Enterprise Products Partners L P (EPD) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider purchase by TEAGUE AJ,the company’sCo-Chief Executive Officer. SEC filings show that TEAGUE AJ bought 2,410 shares of the company’s common stock on Dec 19 at a price of $26.17 per share for a total of $63076.0. Following the purchase, the insider now owns 6060.0 shares.

Enterprise Products Partners L P disclosed in a document filed with the SEC on Nov 09 that Rutherford John R (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Nov 09 and was made at $25.96 per share for $0.26 million. Following the transaction, the insider now directly holds 0.14 million shares of the EPD stock.

Still, SEC filings show that on Aug 04, Montgomery William C (Director) acquired 50,000 shares at an average price of $26.60 for $1.33 million. The insider now directly holds 114,758 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 Williams Cos. (WMB) that is trading 17.53% up over the past 12 months. Plains All American Pipeline L.P. (PAA) that is 23.71% higher over the same period.

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