Enterprise Products Partners L P (NYSE: EPD) is 11.76% higher on its value in year-to-date trading and has touched a low of $25.61 and a high of $30.05 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 $29.25 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $29.45, the stock is 0.25% and 1.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.01 million and changing 0.68% at the moment leaves the stock 3.44% off its SMA200. EPD registered 7.60% gain for a year compared to 6-month gain of 1.38%. The firm has a 50-day simple moving average (SMA 50) of $29.1466 and a 200-day simple moving average (SMA200) of $28.47045.
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The stock witnessed a 0.17% loss in the last 1 month and extending the period to 3 months gives it a -0.51%, and is -0.84% 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 1.12% over the week and 1.14% over the month.
Enterprise Products Partners L P (EPD) has around 7500 employees, a market worth around $63.92B and $54.48B in sales. Current P/E ratio is 11.24 and Fwd P/E is 10.27. Profit margin for the company is 10.48%. Distance from 52-week low is 14.99% and -2.00% from its 52-week high. The company has generated returns on investments over the last 12 months (10.07%).
with sales reaching $14.01B over the same period.The EPS is expected to grow by 7.44% this year, but quarterly earnings will post 13.80% year-over-year.
Enterprise Products Partners L P (EPD) Top Institutional Holders
1429.0 institutions hold shares in Enterprise Products Partners L P (EPD), with institutional investors hold 38.38% of the company’s shares. The shares outstanding are 2.17B, and float is at 1.45B with Short Float at 1.06%. Institutions hold 25.81% of the Float.
The top institutional shareholder in the company is ALPS ADVISORS INC with over 38.39 million shares valued at $1.11 billion. The investor’s holdings represent 1.7692% of the EPD Shares outstanding. As of 2024-06-30, the second largest holder is INVESCO LTD. with 25.5 million shares valued at $739.08 million to account for 1.1753 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 22.56 million shares representing 1.0395% and valued at over $653.73 million, while BLACKSTONE INC. holds 1.0283 of the shares totaling 22.31 million with a market value of $646.67 million.
Enterprise Products Partners L P (EPD) Insider Activity
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 4,180 shares of the company’s common stock on Aug 27 ’24 at a price of $29.35 per share for a total of $0.12 million. Following the purchase, the insider now owns 74911.0 shares.
Enterprise Products Partners L P disclosed in a document filed with the SEC on Dec 19 ’23 that TEAGUE AJ (Co-Chief Executive Officer) bought a total of 2,410 shares of the company’s common stock. The trade occurred on Dec 19 ’23 and was made at $26.17 per share for $63076.0. Following the transaction, the insider now directly holds 6060.0 shares of the EPD stock.
Still, SEC filings show that on Nov 09 ’23, Rutherford John R (Director) acquired 10,000 shares at an average price of $25.96 for $0.26 million. The insider now directly holds 137,423 shares of Enterprise Products Partners L P (EPD).
