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Are we looking at the next big move in Enterprise Products Partners L P (EPD)?

Enterprise Products Partners L P (NYSE: EPD) is 9.45% higher on its value in year-to-date trading and has touched a low of $25.19 and a high of $29.99 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 $28.44 in the last trading session, with the day’s gains setting it 0.4%.

Currently trading at $28.84, the stock is -0.93% and 2.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.68 million and changing 1.41% at the moment leaves the stock 6.42% off its SMA200. EPD registered 7.77% gain for a year compared to 6-month gain of 4.19%.

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The stock witnessed a -0.52% loss in the last 1 month and extending the period to 3 months gives it a 7.45%, and is -0.72% down 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 1.69% over the week and 1.20% over the month.

Enterprise Products Partners L P (EPD) has around 7500 employees, a market worth around $62.53B and $49.40B in sales. Current P/E ratio is 11.44 and Fwd P/E is 10.13. Profit margin for the company is 11.12%. Distance from 52-week low is 14.49% and -3.83% from its 52-week high. The company has generated returns on investments over the last 12 months (9.90%).

The EPS is expected to grow by 7.41% this year.

Enterprise Products Partners L P (EPD) Top Institutional Holders

The shares outstanding are 2.17B, and float is at 1.43B with Short Float at 1.30%.

Enterprise Products Partners L P (EPD) Insider Activity

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 ’23 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 ’23 that Rutherford John R (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Nov 09 ’23 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 ’23, 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).

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