Enterprise Products Partners (EPD)

• Market cap: $64.8B
• 1 day: -2.89%
• 5 days: -2.89%
• 1 month: -12.42%
• 3 months: -12.16%
• 6 months: 2.19%
• Year to date: -5.83%
• 1 year: 6.48%
• 5 years: 70.27%
• 10 years: -12.70%
• Sector: Energy
• Industry: Oil & Gas Midstream

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 Q4 regulatory disclosures by fund managers ($100M+ AUM)

169% more first-time investments, than exits

New positions opened: 156 | Existing positions closed: 58

118% more call options, than puts

Call options by funds: $459M | Put options by funds: $211M

38% more repeat investments, than reductions

Existing positions increased: 519 | Existing positions reduced: 377

21% more funds holding in top 10

Funds holding in top 10: 57 [Q3] → 69 (+12) [Q4]

9% more capital invested

Capital invested by funds: $16.1B [Q3] → $17.5B (+$1.38B) [Q4]

5% more funds holding

Funds holding: 1,337 [Q3] → 1,410 (+73) [Q4]

0.6% less ownership

Funds ownership: 25.92% [Q3] → 25.31% (-0.6%) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $35 17% upside
• Avg. target: $37 24% upside
• High target: $38 27% upside

6 analyst ratings

• positive: 4 67%
• neutral: 2 33%
• negative: 0 0%

JP Morgan Jeremy Tonet 63% 1-year accuracy 25 / 40 met price target	27% upside $38	Overweight Maintained	27 Mar 2025
RBC Capital Elvira Scotto 67% 1-year accuracy 22 / 33 met price target	24% upside $37	Outperform Reiterated	26 Mar 2025
Barclays Theresa Chen 41% 1-year accuracy 13 / 32 met price target	24% upside $37	Overweight Maintained	14 Mar 2025
Morgan Stanley Robert Kad 53% 1-year accuracy 9 / 17 met price target	27% upside $38	Equal-Weight Maintained	11 Mar 2025
Scotiabank Holly Stewart 33% 1-year accuracy 1 / 3 met price target	17% upside $35	Sector Perform Maintained	6 Mar 2025