Checking in on Enterprise Products Partners L.P. (EPD) after recent insiders movement


Enterprise Products Partners L.P.’s filing revealed that its Director Montgomery William C acquired Company’s shares for reported $1.33 million on Aug 04. In the deal valued at $26.60 per share,50,000 shares were bought. As a result of this transaction, Montgomery William C now holds 114,758 shares worth roughly $ 3.07 million.

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Then, TEAGUE AJ bought 11,950 shares, generating $300,542 in total proceeds. Upon buying the shares at $25.15, the Co-Chief Executive Officer now owns 2,491,895 shares.

Before that, TEAGUE AJ bought 3,985 shares. Enterprise Products Partners L.P. shares valued at $100,223 were divested by the Co-Chief Executive Officer at a price of $25.15 per share. As a result of the transaction, TEAGUE AJ now holds 70,731 shares, worth roughly $1.89 million.

Scotiabank initiated its Enterprise Products Partners L.P. [EPD] rating to a Sector outperform in a research note published on Friday.

Price Performance Review of EPD

On Friday, Enterprise Products Partners L.P. [NYSE:EPD] saw its stock jump 0.38% to $26.71. On the same session, the stock had its day’s lowest price of $26.61, but rose to a high of $26.80. Over the last five days, the stock has gained 1.48%. Enterprise Products Partners L.P. shares have risen nearly 10.74% since the year began. Nevertheless, the stocks have risen 1.48% over the past one year. While a 52-week high of $27.28 was reached on 07/25/23, a 52-week low of $22.90 was recorded on 01/03/23. SMA at 50 days reached $26.56, while 200 days put it at $25.81. A total of 3.1 million shares were traded, compared to the trading of 2.94 million shares in the previous session.

Levels Of Support And Resistance For EPD Stock

The 24-hour chart illustrates a support level at 26.61, which if violated will result in even more drops to 26.52. On the upside, there is a resistance level at 26.80. A further resistance level may holdings at 26.90. The Relative Strength Index (RSI) on the 14-day chart is 54.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.80%. Stochastics %K at 61.50% indicates the stock is a holding.

How much short interest is there in Enterprise Products Partners L.P.?

A steep rise in short interest was recorded in Enterprise Products Partners L.P. stocks on Aug 14, 2023, growing by 2.88 million shares to a total of 16.56 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 13.68 million shares. There was a rise of 17.39%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.13% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.47.

Enterprise Products Partners L.P. [EPD] – Who Are The Largest Shareholders?

In filings from ALPS Advisors, Inc., it is revealed that the company now owns 31,582,078 shares, or roughly 1.45% of the outstanding EPD shares. In other words, the investor’s shares have fallen by -738,911 from its previous 13-F filing of 32320989.0. Additionally, Harvest Fund Advisors LLC increased 26.07% of its stake after which the total value it holdings stand at $547,724,117, while BlackRock Advisors LLC reduced -15.85% of its stake to hold $490.99 million in the firm. Over the last quarter, Neuberger Berman Investment Advis sold -276,420 shares of Enterprise Products Partners L.P., while Fayez Sarofim & Co. sold 62,558 shares. At present, Tortoise Capital Advisors LLC is holding 15,794,136 shares valued at $418.7 million. American Century Investment Manag owned 15,176,008 shares of the company at the time of its most recent 13F filing, worth $402.32 million.

According to FactSet, Enterprise Products Partners L.P.’s share price will average $32.22 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.26 percent from its previous closing price of $26.61. Analysts expect Enterprise Products Partners L.P. stock to reach the higher price of $36.00, while the lowest price estimate is $30.00. However, 22 analysts have rated EPD stock as a Buy in their predictions for 2023.


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