Enterprise Products Partners L.P. (NYSE:EPD) Sees Significant Drop in Short Interest

Key Points

• Short interest in Enterprise Products Partners fell by 18.5% to 17,443,385 shares as of March 13, leaving a short-interest ratio of about 4.2 days and roughly 1.2% of shares shorted.
• CEO Aj Teague bought 2,665 shares on March 20 at $37.55, raising his holdings to 77,576 shares, and insiders collectively own about 32.6% of the company.
• Analysts show a consensus rating of "Moderate Buy" with an average price target of $37.33 amid mixed recent revisions, while EPD pays a quarterly dividend of $0.55 (annualized yield ~5.6%).

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 17,443,385 shares, a drop of 18.5% from the February 26th total of 21,392,927 shares. Based on an average daily trading volume, of 4,114,930 shares, the short-interest ratio is presently 4.2 days. Approximately 1.2% of the shares of the company are short sold.

Insider Activity at Enterprise Products Partners

In other news, CEO Aj Teague bought 2,665 shares of the firm's stock in a transaction dated Friday, March 20th. The stock was bought at an average price of $37.55 per share, for a total transaction of $100,070.75. Following the transaction, the chief executive officer owned 77,576 shares in the company, valued at $2,912,978.80. The trade was a 3.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 32.60% of the company's stock.

Hedge Funds Weigh In On Enterprise Products Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EPD. Brighton Jones LLC lifted its holdings in shares of Enterprise Products Partners by 19.9% in the fourth quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer's stock valued at $1,023,000 after buying an additional 5,425 shares during the period. Schnieders Capital Management LLC. lifted its holdings in Enterprise Products Partners by 9.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 58,918 shares of the oil and gas producer's stock valued at $1,827,000 after acquiring an additional 5,000 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Enterprise Products Partners by 6.2% during the 2nd quarter. Geode Capital Management LLC now owns 63,702 shares of the oil and gas producer's stock valued at $1,975,000 after purchasing an additional 3,742 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Enterprise Products Partners by 7.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 277,197 shares of the oil and gas producer's stock worth $8,596,000 after purchasing an additional 20,371 shares during the last quarter. Finally, Kore Advisors LP acquired a new stake in Enterprise Products Partners during the second quarter valued at approximately $211,000. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on EPD. Raymond James Financial lowered Enterprise Products Partners from a "strong-buy" rating to an "outperform" rating and set a $36.00 price target on the stock. in a research report on Monday, January 5th. Weiss Ratings reiterated a "buy (b)" rating on shares of Enterprise Products Partners in a research note on Thursday, January 22nd. JPMorgan Chase & Co. increased their target price on shares of Enterprise Products Partners from $35.00 to $39.00 and gave the stock a "neutral" rating in a report on Tuesday, March 10th. Scotiabank raised their price target on shares of Enterprise Products Partners from $37.00 to $39.00 and gave the stock a "sector perform" rating in a research report on Tuesday, March 17th. Finally, Stifel Nicolaus boosted their price objective on shares of Enterprise Products Partners from $38.00 to $41.00 and gave the company a "buy" rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Enterprise Products Partners has a consensus rating of "Moderate Buy" and an average price target of $37.33.

Enterprise Products Partners Stock Performance

EPD traded up $0.00 during trading hours on Monday, hitting $39.28. The company's stock had a trading volume of 2,789,135 shares, compared to its average volume of 4,580,727. The firm has a market capitalization of $84.92 billion, a PE ratio of 14.78, a PEG ratio of 1.57 and a beta of 0.59. The company has a 50-day simple moving average of $35.96 and a 200 day simple moving average of $33.21. Enterprise Products Partners has a fifty-two week low of $27.77 and a fifty-two week high of $39.74. The company has a current ratio of 1.04, a quick ratio of 0.74 and a debt-to-equity ratio of 1.07.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. The firm had revenue of $13.79 billion during the quarter, compared to analyst estimates of $12.44 billion. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.33%. Enterprise Products Partners's revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 EPS. As a group, sell-side analysts expect that Enterprise Products Partners will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a dividend of $0.55 per share. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.55. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Friday, January 30th. Enterprise Products Partners's dividend payout ratio (DPR) is 82.71%.

Trending Headlines about Enterprise Products Partners

Here are the key news stories impacting Enterprise Products Partners this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to $42 and set an "outperform" rating, implying upside versus the current market level; a clear bullish signal from a major bank. RBC Raises PT to $42
• Positive Sentiment: Investor reaction to recent analyst activity and management commentary has been favorable: Wells Fargo upgraded EPD to Overweight and Truist initiated with a Hold while highlighting balance-sheet strength and distribution coverage — reinforcing confidence in cash flow and payouts. Investor Reaction / Analyst Moves
• Neutral Sentiment: Personal-finance and dividend-focused outlets continue to feature EPD as a high-yield, durable dividend holding (articles recommending or listing it among “monster dividend stocks” and long-term holds), which supports steady retail demand but is broadly known already. Fool: Dividend Stock Feature Fool: Long-Term Dividend Buy
• Neutral Sentiment: Coverage pieces reiterating EPD’s role as a large-cap midstream operator and its inclusion on high-dividend lists — supportive for income investors but not new fundamental news. InsiderMonkey Coverage
• Negative Sentiment: Several outlets reported fresh "hold" initiations and lower price targets (notably $36 PT in initiation reports), which could pressure the stock as that PT sits below the current market level and signals some analyst caution. MSN: Hold Initiation $36 PT
• Negative Sentiment: Seeking Alpha published a critical downgrade piece arguing the window of opportunity is closing, raising downside narrative risk for investors focused on near-term valuation and growth. Seeking Alpha Downgrade
• Negative Sentiment: Wall Street Zen lowered its rating to Hold — another data point adding to the chorus of more cautious analyst views. Wall Street Zen Lowered to Hold

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. NYSE: EPD is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.

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