Enterprise Products Partners stock is trading -24.27% below its average target price of $31.55 after dropping -1.4% during today's afternoon session. Analysts are giving the large-cap Oil & Gas Transportation and Processing company an average rating of buy and target prices ranging from $28 to $36 per share.
The stock has a very low short interest at 1.6%, and a short ratio of 3.95. The company's insiders own 32.6% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that only a small number of institutional investors are invested in the stock, with 27.2% of Enterprise Products Partners's shares being owned by this investor type.
Institutions Invested in Enterprise Products Partners
|Marquard & Bahls Ag||36,947,247||2022-09-29||1.70%||$882,780,559.00|
|Alps Advisors Inc.||25,476,870||2022-09-29||1.17%||$608,718,845.00|
|Neuberger Berman Group, LLC||19,014,357||2022-09-29||0.87%||$454,310,025.00|
|Goldman Sachs Group Inc||16,351,056||2022-09-29||0.75%||$390,675,775.00|
|Energy Income Partners, LLC||14,701,701||2022-09-29||0.68%||$351,267,736.00|
|American Century Companies, Inc.||14,018,460||2022-09-29||0.64%||$334,943,059.00|
Top Mutual Funds Invested in Enterprise Products Partners
|Alps ETF Tr-Alerian MLP ETF||24,501,610||2022-08-30||1.13%||$585,416,959.00|
|Blackrock Equity Dividend Fund||18,166,852||2022-07-30||0.84%||$434,060,588.00|
|American Century Equity Income||7,998,356||2022-09-29||0.37%||$191,104,717.00|
|Kayne Anderson Energy Infrastructure Fund, Inc.||7,086,527||2022-08-30||0.33%||$169,318,387.00|
|Principal Equity Income Fd||6,826,319||2022-07-30||0.31%||$163,101,237.00|
|First Trust North American Energy Infrastructure Fund||6,716,712||2022-10-30||0.31%||$160,482,397.00|
|Global X Fds-Global X MLP ETF||5,782,073||2022-10-30||0.27%||$138,151,068.00|
|Putnam Large Cap Value Fund||4,787,666||2022-07-30||0.22%||$114,391,702.00|
|American Century Mid Cap Value Fund||3,950,854||2022-09-29||0.18%||$94,397,753.00|
|Neuberger & Berman Long Short Fd||3,744,552||2022-09-29||0.17%||$89,468,579.00|
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Enterprise Products Partners.