Enterprise Products Partners
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 Q2 SEC filings by fund managers ($100M+ AUM)
158% more call options, than puts
Call options by funds: $366M | Put options by funds: $142M
38% more repeat investments, than reductions
Existing positions increased: 487 | Existing positions reduced: 353
0% less funds holding
Funds holding: 1,298 [Q1] → 1,293 (-5) [Q2]
1% less capital invested
Capital invested by funds: $16.5B [Q1] → $16.4B (-$103M) [Q2]
0.69% less ownership
Funds ownership: 26.13% [Q1] → 25.44% (-0.69%) [Q2]
6% less first-time investments, than exits
New positions opened: 75 | Existing positions closed: 80
6% less funds holding in top 10
Funds holding in top 10: 67 [Q1] → 63 (-4) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
B of A Securities Jean Ann Salisbury 50% 1-year accuracy 1 / 2 met price target | 20%upside $35 | Buy Reinstated | 17 Oct 2024 |
RBC Capital Elvira Scotto 68% 1-year accuracy 17 / 25 met price target | 24%upside $36 | Outperform Maintained | 16 Oct 2024 |
Truist Securities Neal Dingmann 45% 1-year accuracy 61 / 137 met price target | 27%upside $37 | Buy Maintained | 31 Jul 2024 |
Financial journalist opinion
Based on 53 articles about EPD published over the past 30 days