Enterprise Products Partners L.P. [NYSE: EPD] gained 1.02% or 0.25 points to close at $24.82 with a heavy trading volume of 3946715 shares. The company report on October 4, 2022 that Enterprise Declares Quarterly Distribution.
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Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared the quarterly cash distribution paid to Enterprise common unitholders with respect to the third quarter of 2022 of $0.475 per unit, or $1.90 per unit on an annualized basis.
The quarterly distribution will be paid Monday, November 14, 2022, to common unitholders of record as of the close of business Monday, October 31, 2022. This distribution represents a 5.6 percent increase over the distribution declared with regard to the third quarter of 2021.
It opened the trading session at $24.29, the shares rose to $25.125 and dropped to $24.22, the range by which the price of stock traded the whole day. The daily chart for EPD points out that the company has recorded -5.27% loss over the past six months. However, it is still -21.55% lower than its most recent low trading price.
If we look at the average trading volume of 5.06M shares, EPD reached to a volume of 3946715 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Enterprise Products Partners L.P. [EPD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EPD shares is $31.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EPD stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Truist have made an estimate for Enterprise Products Partners L.P. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 02, 2022. The new note on the price target was released on April 04, 2022, representing the official price target for Enterprise Products Partners L.P. stock.
The Average True Range (ATR) for Enterprise Products Partners L.P. is set at 0.66, with the Price to Sales ratio for EPD stock in the period of the last 12 months amounting to 1.05. The Price to Book ratio for the last quarter was 2.09, with the Price to Cash per share for the same quarter was set at 0.11. Price to Free Cash Flow for EPD in the course of the last twelve months was 17.31 with Quick ratio for the last quarter at 0.60.
Trading performance analysis for EPD stock
Enterprise Products Partners L.P. [EPD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.12. With this latest performance, EPD shares dropped by -7.77% in over the last four-week period, additionally sinking by -5.27% over the last 6 months – not to mention a rise of 5.62% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EPD stock in for the last two-week period is set at 47.14, with the RSI for the last a single of trading hit 50.50, and the three-weeks RSI is set at 46.15 for Enterprise Products Partners L.P. [EPD]. The present Moving Average for the last 50 days of trading for this stock 25.87, while it was recorded at 24.83 for the last single week of trading, and 25.34 for the last 200 days.
Enterprise Products Partners L.P. [EPD]: A deeper dive into fundamental analysis
Enterprise Products Partners L.P.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.90.
Enterprise Products Partners L.P. [EPD]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EPD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Enterprise Products Partners L.P. go to 10.20%.
An analysis of insider ownership at Enterprise Products Partners L.P. [EPD]
There are presently around $14,591 million, or 27.40% of EPD stock, in the hands of institutional investors. The top three institutional holders of EPD stocks are: BLACKSTONE INC. with ownership of 57,563,316, which is approximately -0.16% of the company’s market cap and around 32.57% of the total institutional ownership; MARQUARD & BAHLS AG, holding 36,947,247 shares of the stock with an approximate value of $917.03 million in EPD stocks shares; and BLACKROCK INC., currently with $647.68 million in EPD stock with ownership of nearly 4.171% of the company’s market capitalization.
Positions in Enterprise Products Partners L.P. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 504 institutional holders increased their position in Enterprise Products Partners L.P. [NYSE:EPD] by around 21,259,785 shares. Additionally, 386 investors decreased positions by around 30,207,724 shares, while 317 investors held positions by with 536,390,465 shares. The mentioned changes placed institutional holdings at 587,857,974 shares, according to the latest SEC report filing. EPD stock had 69 new institutional investments in for a total of 3,671,527 shares, while 64 institutional investors sold positions of 7,761,837 shares during the same period.