Following The Money: Institution’s Growing Stake In Enterprise Products Partners L P (NYSE: EPD)

Enterprise Products Partners L P (EPD) concluded trading on Thursday at a closing price of $31.14, with 2.5 million shares of worth about $77.95 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.75% during that period and on December 26, 2024 the price saw a loss of about -1.11%. 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 2.27% in past 5 days and over the past one month there was a price change of -3.71%. Year-to-date (YTD), EPD shares are showing a performance of 18.18% which increased to 18.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.07 but also hit the highest price of $34.63 during that period. The average intraday trading volume for Enterprise Products Partners L P shares is 3.96 million. The stock is currently trading -3.26% below its 20-day simple moving average (SMA20), while that difference is up 0.52% for SMA50 and it goes to 5.66% 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 25.31% of that.

The stock has a current market capitalization of $67.50B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 11.68, while it has posted earnings per share of $2.67 in the same period. Its PEG reads 1.91 and has Quick Ratio of 0.83 while making debt-to-equity ratio of 1.14. 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 1.65% while standing at 1.86% over the month.

Stock’s fiscal year EPS is expected to rise by 6.42% while it is estimated to increase by 6.48% in next year. EPS is likely to grow at an annualized rate of 6.11% 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 Wells Fargo on December 18, 2024 offering an Equal weight rating for the stock and assigned a target price of $35 to it. Coverage by BofA Securities stated Enterprise Products Partners L P (EPD) stock as a Buy in their note to investors on October 17, 2024, suggesting a price target of $35 for the stock. Stock get a Sector outperform rating from Scotiabank on March 02, 2023.

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