Enterprise Products PartnersEPD
Market Cap: 65B
About: Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
105% more call options, than puts
Call options by funds: $331M | Put options by funds: $162M
31% more first-time investments, than exits
New positions opened: 114 | Existing positions closed: 87
19% more repeat investments, than reductions
Existing positions increased: 454 | Existing positions reduced: 380
6% more funds holding in top 10
Funds holding in top 10: 62 [Q4 2023] → 66 (+4) [Q1 2024]
6% more capital invested
Capital invested by funds: $14.9B [Q4 2023] → $15.9B (+$949M) [Q1 2024]
2% more funds holding
Funds holding: 1,254 [Q4 2023] → 1,281 (+27) [Q1 2024]
2.04% less ownership
Funds ownership: 27.16% [Q4 2023] → 25.12% (-2.04%) [Q1 2024]
Research analyst outlook
13 Wall Street Analysts provided 1 year price forecasts over the past 6 months
13 analyst ratings
Morgan Stanley Robert Kad | 14%upside $34 | Equal-Weight Maintained | 10 Jun 2024 |
JP Morgan Jeremy Tonet | 7%upside $32 | Overweight Maintained | 16 May 2024 |
Truist Securities Neal Dingmann | 17%upside $35 | Buy Maintained | 1 May 2024 |
RBC Capital Elvira Scotto | 17%upside $35 | Outperform Reiterated | 5 Apr 2024 |
Wells Fargo Michael Blum | 10%upside $33 | Overweight Maintained | 4 Apr 2024 |
Financial journalist opinion
Based on 45 articles about EPD published over the past 30 days