Why Should You Put Enterprise Products Partners L P (NYSE: EPD) On Your Portfolio?

Currently, there are 2.17B common shares owned by the public and among those 1.45B shares have been available to trade.

The company’s stock has a 5-day price change of 0.52% and 0.83% over the past three months. EPD shares are trading 10.44% year to date (YTD), with the 12-month market performance up to 7.46% higher. It has a 12-month low price of $25.61 and touched a high of $30.05 over the same period. EPD has an average intraday trading volume of 4.01 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.49%, -0.46%, and 1.69% respectively.

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Institutional ownership of Enterprise Products Partners L P (NYSE: EPD) shares accounts for 25.13% of the company’s 2.17B shares outstanding.

It has a market capitalization of $63.16B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 11.11, while the earnings-per-share (ttm) stands at $2.62. The company has a PEG of 1.69 and a Quick Ratio of 0.68 with the debt-to-equity ratio at 1.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.92% over the week and 1.05% over the month.

Earnings per share for the fiscal year are expected to increase by 6.89%, and 6.38% over the next financial year. EPS should grow at an annualized rate of 6.56% over the next five years, compared to 5.54% over the past 5-year period.

Looking at the support for the EPD, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on October 17, 2024, with the firm’s price target at $35. Goldman coverage for the Enterprise Products Partners L P (EPD) stock in a research note released on October 06, 2023 offered a Neutral rating with a price target of $28. Wolfe Research on their part issued Outperform rating on January 09, 2023.

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