Enterprise Products Partners L.P. (NYSE:EPD) is on recovery track with 30.82% gain from a 1-year low price of $23.33. The company added 0.76% to attain the price of $30.52 on 7/11/2019. Throughout the recent session, the prices were hovering between $30.4268 and $30.78. These shares are 11.53% off its target price of $34.04 and the current market capitalization stands at $66.22B. The recent change has given its price a 6.29% lead over SMA 50 and 0.69% lead over its 52-week high. The stock witnessed 5.17% gains, 4.92% gains and 12.29% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found EPD’s volatility during a week at 1.27% and during a month it has been found around 1.44%.
What Does Enterprise Products Partners L.P. (EPD) Do?
The company describes itself in regulatory filings as, “Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following segments: NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services; and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment manages natural gas processing plants. The Crude Oil Pipelines & Services segment stores and markets crude oil products. The Natural Gas Pipelines & Services segment stores and transports natural gas. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/EPD/profile under company description.]Enterprise Products Partners L.P. (EPD) Top Holders
Institutional investors currently hold around $24.44 billion or 37.9% in EPD stock. Look at its top three institutional owners: Goldman Sachs Group Inc owns $1.48 billion in Enterprise Products Partners L.P., which represents roughly 2.23% of the company’s market cap and approximately 6.05% of the institutional ownership. Similar statistics are true for the second largest owner, Harvest Fund Advisors Llc, which owns 47,024,531 shares of the stock are valued at $1.42 billion. The third largest holder is Tortoise Capital Advisors, L.L.C., which currently holds $1.25 billion worth of this stock and that ownership represents nearly 1.88% of its market capitalization.Enterprise Products Partners L.P. 13F Filings
At the end of March reporting period, 438 institutional holders increased their position in Enterprise Products Partners L.P. (NYSE:EPD) by some 49,612,144 shares, 424 decreased positions by 41,253,833 and 248 held positions by 716,001,374. That puts total institutional holdings at 806,867,351 shares, according to SEC filings. The stock grabbed 94 new institutional investments totaling 1,966,479 shares while 71 institutional investors sold out their entire positions totaling 4,612,326 shares.Enterprise Products Partners L.P. (NYSE:EPD) Insider Trades
Multiple company employees have indulged in significant insider trading. Enterprise Products Partners L.P. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO TEAGUE AJ has acquired 10,000 shares of Enterprise Products Partners L.P. (EPD) in the trading session dated Dec. 31, 2018. These shares are worth $243,600 and were traded at $24.36 each. The SEC filing shows that TEAGUE AJ performed a purchase of 10,000 shares. The CEO added these shares by way of transaction on Dec. 20, 2018. The company’s shares were assimilated at $24.61 per share worth to an investment of some $246,100 to the account of TEAGUE AJ.
Director, BARTH CARIN MARCY, purchased 10,000 common shares of Enterprise Products Partners L.P. (EPD) in the open market. In a transaction dated Dec. 19, 2018, the shares were bought at an average price of $25, giving away a sum of $250,000. After this purchase, 41,335 common shares of EPD are directly owned by the insider, with total stake valued at $1,261,544.
In the transaction dated Nov. 14, 2018, a great number of shares acquired came courtesy the CEO; TEAGUE AJ added a total of 15,005 shares at an average price of $26.32, amounting to approximately $394,932. The insider now directly owns 1,727,937 shares worth $52,736,637.Enterprise Products Partners L.P. (EPD) Analyst Guide
Several analysts have released their opinion on Enterprise Products Partners L.P. (NYSE:EPD), with 13 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 12 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.48 average brokerage recommendation [T1].