Look For Institutional Buying In Enterprise Products Partners L P (NYSE: EPD)

Enterprise Products Partners L P (EPD) concluded trading on Thursday at a closing price of $28.32, with 2.33 million shares of worth about $65.88 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.88% during that period and and on June 13, 2024 the price saw a loss of about -0.28%. Currently the company’s common shares owned by public are about 2.17B shares, out of which, 1.45B shares are available for trading.

Stock saw a price change of -0.35% in past 5 days and over the past one month there was a price change of -2.18%. Year-to-date (YTD), EPD shares are showing a performance of 7.48% which increased to 8.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.61 but also hit the highest price of $29.99 during that period. The average intraday trading volume for Enterprise Products Partners L P shares is 4.33 million. The stock is currently trading -0.28% below its 20-day simple moving average (SMA20), while that difference is down -1.10% for SMA50 and it goes to 3.14% higher than SMA200.

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Enterprise Products Partners L P (NYSE: EPD) currently have 2.17B outstanding shares and institutions hold larger chunk of about 24.83% of that.

The stock has a current market capitalization of $61.50B and its 3Y-monthly beta is at 1.01. PE ratio of stock for trailing 12 months is 11.10, while it has posted earnings per share of $2.55 in the same period. Its PEG reads 1.36 and has Quick Ratio of 0.68 while making debt-to-equity ratio of 1.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EPD, volatility over the week remained 0.77% while standing at 0.99% over the month.

Stock’s fiscal year EPS is expected to rise by 8.64% while it is estimated to increase by 5.26% in next year. EPS is likely to grow at an annualized rate of 8.15% for next 5-years, compared to annual growth of 5.54% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on October 06, 2023 offering a Neutral rating for the stock and assigned a target price of $28 to it. On March 02, 2023, Scotiabank Initiated their recommendations, while on January 09, 2023, Wolfe Research Upgrade their ratings for the stock with a price target of $27. Stock get a Buy rating from Citigroup on December 09, 2022.

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