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 Q3 regulatory filings by fund managers ($100M+ AUM)
92% more call options, than puts
Call options by funds: $347M | Put options by funds: $180M
40% more repeat investments, than reductions
Existing positions increased: 519 | Existing positions reduced: 371
38% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 71
2% more funds holding
Funds holding: 1,299 [Q2] → 1,326 (+27) [Q3]
0.61% less ownership
Funds ownership: 26.52% [Q2] → 25.91% (-0.61%) [Q3]
3% less capital invested
Capital invested by funds: $17.1B [Q2] → $16.5B (-$592M) [Q3]
10% less funds holding in top 10
Funds holding in top 10: 63 [Q2] → 57 (-6) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Wells Fargo Michael Blum 75% 1-year accuracy 24 / 32 met price target | 13%upside $35 | Equal-Weight Downgraded | 18 Dec 2024 |
RBC Capital Elvira Scotto 81% 1-year accuracy 26 / 32 met price target | 16%upside $36 | Outperform Reiterated | 30 Oct 2024 |
B of A Securities Jean Ann Salisbury 64% 1-year accuracy 9 / 14 met price target | 13%upside $35 | Buy Reinstated | 17 Oct 2024 |
Financial journalist opinion
Based on 47 articles about EPD published over the past 30 days