Enterprise Products Partners LP (EPD, Financial) is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. As one of the largest midstream companies, its operations service 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.
As of the latest available data, Enterprise Products Partners LP has an outstanding share count of 2.17 billion. Institutional ownership stands at 222.53 million shares, constituting 10.25% of the total shares. Meanwhile, insiders hold 19.70 million shares, accounting for 0.91% of the total share count.
Recent Performance
Enterprise Products Partners LP experienced a decline of about 1.57% in its stock value over the past week. As of Oct 18 2023, the stock rose by 0.47%, contrasting with its three-month return of 5.77. A closer look reveals fluctuations in its market cap, which rose to $57.23 billion in the most recent quarter from $56.32 billion in the preceding one. These volatility trends have sparked keen interest in the company's ownership patterns.
Income Breakdown
Institutional Ownership and Key Players
Enterprise Products Partners LP's institutional ownership history reveals the levels of trust and confidence that major players have in the company's future. As of 2023-09-30, Enterprise Products Partners LP's institutional ownership level is 10.25%, up from institutional ownership of 10.03% as of 2023-06-30 and down from institutional ownership of 15.49% from a year ago.
Among the most significant stakeholders, the top fund managers owning chunks of Enterprise Products Partners LP's stock are Bruce Berkowitz (Trades, Portfolio), First Eagle Investment (Trades, Portfolio), and Leon Cooperman (Trades, Portfolio), with 0.2%, 0.1%, and 0.04% of shares outstanding respectively.
Earnings: Past and Future
Over the past three years, Enterprise Products Partners LP's Ebitda growth averaged 5% per year, which is worse than 63.35% of 824 companies in the Oil & Gas industry. Looking forward, the estimated earnings growth for Enterprise Products Partners LP is -2.36% per year, lower than the earnings growth of 6.2% during the past three years.
Insider Ownership and Activities
Insider ownership offers insights into the convictions of the company's board directors and C-level employees. Enterprise Products Partners LP's insider ownership is approximately 0.91% as of 2023-08-31, compared to insider ownership of 0.86% from a year ago, reflecting the increased faith of those intimately familiar with the company's operations.
During the past three months, Enterprise Products Partners LP had 1 insider buy transactions: William C Montgomery, Director bought 50,000 shares on 2023-08-04.
Conclusion
In the ever-evolving realm of stocks, understanding the nuances of ownership and earnings is critical. Enterprise Products Partners LP's recent dip is a case study in how major players react to market shifts, and their movements offer crucial insights for potential investors. As always, a holistic view, combining both past performance and future projections, remains key to sound investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
