Investing in Enterprise Products Partners L P (EPD): What You Must Know

In a filing, Enterprise Products Partners L P revealed its Co-Chief Executive Officer TEAGUE AJ acquired Company’s shares for reported $63076.0 on Dec 19. In the deal valued at $26.17 per share,2,410 shares were bought. As a result of this transaction, TEAGUE AJ now holds 6,060 shares worth roughly $0.17 million.

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Then, Rutherford John R bought 10,000 shares, generating $259,639 in total proceeds. Upon buying the shares at $25.96, the Director now owns 137,423 shares.

Before that, Montgomery William C bought 50,000 shares. Enterprise Products Partners L P shares valued at $1,330,025 were divested by the Director at a price of $26.60 per share. As a result of the transaction, Montgomery William C now holds 114,758 shares, worth roughly $3.15 million.

Price Performance Review of EPD

On Monday, Enterprise Products Partners L P [NYSE:EPD] saw its stock jump 0.22% to $27.47. Over the last five days, the stock has gained 1.67%. Enterprise Products Partners L P shares have risen nearly 4.25% since the year began. Nevertheless, the stocks have risen 4.37% over the past one year. While a 52-week high of $27.95 was reached on 01/29/24, a 52-week low of $24.66 was recorded on 01/02/24. SMA at 50 days reached $26.58, while 200 days put it at $26.55. A total of 6.64 million shares were traded, compared to the trading of 5.56 million shares in the previous session.

Levels Of Support And Resistance For EPD Stock

The 24-hour chart illustrates a support level at 27.25, which if violated will result in even more drops to 27.02. On the upside, there is a resistance level at 27.61. A further resistance level may holdings at 27.74. The Relative Strength Index (RSI) on the 14-day chart is 68.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.72%. Stochastics %K at 96.97% indicates the stock is a selling.

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 Jan 11, 2024, dropping by -3.03 million shares to a total of 16.81 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 19.84 million shares. There was a decline of -18.02%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.15% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.58.

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 37,951,428 shares, or roughly 1.75% of the outstanding EPD shares. In other words, the investor’s shares have risen by 6,369,350 from its previous 13-F filing of 31582078.0. Additionally, Harvest Fund Advisors LLC increased 11.97% of its stake after which the total value it holdings stand at $609,577,870, while BlackRock Advisors LLC reduced -1.15% of its stake to hold $482.41 million in the firm. Over the last quarter, Neuberger Berman Investment Advis sold -189,407 shares of Enterprise Products Partners L P, while Fayez Sarofim & Co. sold 965,493 shares. At present, American Century Investment Manag is holding 17,331,648 shares valued at $456.69 million. Tortoise Capital Advisors LLC owned 15,818,551 shares of the company at the time of its most recent 13F filing, worth $416.82 million.

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