Stock On Watch: Is Enterprise Products Partners LP (NYSE:EPD) Going to Burn These Institutional Investors?

November 24, 2016 - By Dolores Ford   ·   0 Comments

Stock On Watch: Is Enterprise Products Partners LP (NYSE:EPD) Going to Burn These Institutional Investors?

Sentiment for Enterprise Products Partners LP (NYSE:EPD)

Enterprise Products Partners LP (NYSE:EPD) institutional sentiment decreased to 1.2 in 2016 Q2. Its down -0.03, from 1.23 in 2016Q1. The ratio fall, as 341 funds increased or started new positions, while 277 sold and decreased their stock positions in Enterprise Products Partners LP. The funds in our partner’s database now own: 687.25 million shares, down from 710.31 million shares in 2016Q1. Also, the number of funds holding Enterprise Products Partners LP in their top 10 positions increased from 74 to 79 for an increase of 5. Sold All: 44 Reduced: 233 Increased: 257 New Position: 84.

Enterprise Products Partners L.P. is a well-known provider of midstream energy services to producers and clients of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The company has a market cap of $54.23 billion. The Company’s divisions include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. It has a 20.98 P/E ratio.

The stock increased 0.27% or $0.07 on November 23, hitting $25.73. About 3.18M shares traded hands. Enterprise Products Partners L.P. (NYSE:EPD) has declined 5.75% since April 22, 2016 and is downtrending. It has underperformed by 11.16% the S&P500.

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on January, 26. They expect $0.31 EPS, down 11.43% or $0.04 from last year’s $0.35 per share. EPD’s profit will be $653.37M for 20.75 P/E if the $0.31 EPS becomes a reality. After $0.30 actual EPS reported by Enterprise Products Partners L.P. for the previous quarter, Wall Street now forecasts 3.33% EPS growth.

According to Zacks Investment Research, “Enterprise Products Partners L.P. is a leading integrated provider of processing and transportation services to producers of Natural Gas Liquids (NGLs) and consumers of NGL products. The Company fractionates for a processing fee mixed NGLs produced as by-products of oil and natural gas production into their component products: ethane, propane, isobutane, normal butane and natural gasoline; converts normal butane to isobutane through the process of isomerization; produces MTBE from isobutane and methanol; and transports NGL products to end users by pipeline and railcar.”

Argyll Research Llc holds 69.33% of its portfolio in Enterprise Products Partners L.P. for 11.78 million shares. Sentinel Trust Co Lba owns 12.41 million shares or 51.78% of their US portfolio. Moreover, Travelers Companies Inc. has 21.39% invested in the company for 2.35 million shares. The Kansas-based Samson Capital Management Llc has invested 16.15% in the stock. Heronetta Management L.P., a New York-based fund reported 972,920 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 0 insider sales for $101,080 net activity.

Enterprise Products Partners L.P. (NYSE:EPD) Ratings Coverage

Ratings analysis reveals 89% of Enterprise Products Partners LP’s analysts are positive. Out of 19 Wall Street analysts rating Enterprise Products Partners LP, 17 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $29 while the high is $38. The stock’s average target of $32.95 is 28.06% above today’s ($25.73) share price. EPD was included in 26 notes of analysts from July 23, 2015. Morgan Stanley upgraded the shares of EPD in a report on Wednesday, January 20 to “Overweight” rating. The company was maintained on Wednesday, August 31 by Wunderlich. The stock has “Sector Outperform” rating given by Howard Weil on Wednesday, January 6. Vetr downgraded it to “Strong-Buy” rating and $31.26 target price in Tuesday, August 18 report. Mitsubishi UFG initiated the shares of EPD in a report on Thursday, March 31 with “Overweight” rating. On Tuesday, November 3 the stock rating was maintained by Argus Research with “Buy”. Deutsche Bank maintained the shares of EPD in a report on Monday, October 10 with “Buy” rating. Credit Suisse downgraded Enterprise Products Partners L.P. (NYSE:EPD) rating on Thursday, March 17. Credit Suisse has “Neutral” rating and $30 price target. The company was initiated on Friday, September 30 by Mizuho. The company was downgraded on Monday, August 31 by Vetr.

EPD Company Profile

Enterprise Products Partners L.P. (Enterprise), incorporated on April 9, 1998, is a well-known provider of midstream energy services to producers and clients of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s divisions include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The Company’s midstream energy activities include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminals, including liquefied petroleum gas (LPG); crude oil gathering, transportation, storage and terminals; offshore production platforms; petrochemical and refined products transportation, storage and terminals, and related services, and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico.

More recent Enterprise Products Partners L.P. (NYSE:EPD) news were published by: Seekingalpha.com which released: “Enterprise Products Partners Still A Terrific Long-Term Play” on November 23, 2016. Also Businesswire.com published the news titled: “Enterprise Products Among Most Honored Companies in Institutional Investor’s …” on November 17, 2016. Seekingalpha.com‘s news article titled: “Enterprise Products Partners: Can It Turnaround?” with publication date: November 15, 2016 was also an interesting one.

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By Dolores Ford


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