In the last trading session, 4.09 million shares of the Enterprise Products Partners L P (NYSE:EPD) were traded, and its beta was 0.99. Most recently the company’s share price was $29.37, and it changed around $0.19 or 0.65% from the last close, which brings the market valuation of the company to $63.68B. EPD currently trades at a discount to its 52-week high of $29.26, offering almost 0.37% off that amount. The share price’s 52-week low was $25.19, which indicates that the current value has risen by an impressive 14.23% since then. We note from Enterprise Products Partners L P’s average daily trading volume that its 10-day average is 4.17 million shares, with the 3-month average coming to 4.91 million.
Enterprise Products Partners L P stock received a consensus recommendation rating of Buy, based on a mean score of 1.41. If we narrow it down even further, the data shows that 0 out of 24 analysts rate the stock as a Sell; another 11 rate it as Overweight. Among the rest, 2 recommended EPD as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Enterprise Products Partners L P is expected to report earnings per share of $0.67 for the current quarter.
Enterprise Products Partners L P (NYSE:EPD) trade information
Instantly EPD has showed a green trend with a performance of 0.65% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 11.46% year-to-date, but still up 1.77% over the last five days. On the other hand, Enterprise Products Partners L P (NYSE:EPD) is 6.99% up in the 30-day period. We can see from the shorts that 17.47 million shares have been sold at a short interest cover period of 3.87 day(s).
The consensus price target as assigned by Wall Street analysts is $29.78, which translates to bulls needing to increase their stock price by 1.38% from its current value. Analyst projections state that EPD is forecast to be at a low of $27 and a high of $32.
Enterprise Products Partners L P (EPD) estimates and forecasts
Enterprise Products Partners L P share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 7.11 percent over the past six months and at a 4.74% annual growth rate that is well below the industry average of 5.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 6.30% in revenue this quarter, and will report an increase of 10.50% in the next quarter. The year-over-year growth rate is expected to be 9.40%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $14.14 billion in revenue for the current quarter. 4 analysts expect Enterprise Products Partners L P to make $14.09 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $12.44 billion and $10.65 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 13.60%. Forecasts for the next quarter put sales growth at 32.30%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 5.54%. Enterprise Products Partners L P earnings are expected to increase by 7.07% in 2024, but the outlook is positive 8.40% per year for the next five years.
EPD Dividends
Enterprise Products Partners L P’s next quarterly earnings report is expected to be released around April 30 and May 06. The annual dividend yield of the stock is 6.83 percent and its annual dividend per share was 2.00. It is important to note, however, that the 6.83% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Enterprise Products Partners L P (NYSE:EPD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 32.81% of Enterprise Products Partners L P shares, and 26.43% of them are in the hands of institutional investors. The stock currently has a share float of 39.34%. Enterprise Products Partners L P stock is held by 1,375 institutions, with Marquard & Bahls Ag being the largest institutional investor. By Jun 29, 2023, it held 1.70% of the shares, which is about 36.95 million shares worth $973.56 million.
Alps Advisors Inc., with 1.45% or 31.58 million shares worth $832.19 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Alps ETF Tr-Alerian MLP ETF and Blackrock Equity Dividend Fund were the top two Mutual Funds as of May 30, 2023. The former held 30.97 million shares worth $784.48 million, making up 1.43% of all outstanding shares. On the other hand, Blackrock Equity Dividend Fund held roughly 13.88 million shares worth around $367.94 million, which represents about 0.64% of the total shares outstanding.
