Enterprise Products stock is trading -12.15% below its average target price of $32.83 after marking a 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 $29.0 to $37.0 per share.
The stock has a very low short interest at 1.3%, and a short ratio of 4.38. The company's insiders own 32.81% 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 26.5% of Enterprise Products's shares being owned by this investor type.
Institutions Invested in Enterprise Products
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Alps Advisors Inc. | 2% | 35,382,171 | $1,020,421,817 |
| 2023-12-31 | Marquard & Bahls Ag | 1% | 22,227,566 | $641,043,006 |
| 2023-12-31 | Blackstone Inc | 1% | 22,142,273 | $638,583,156 |
| 2023-12-31 | Goldman Sachs Group Inc | 1% | 22,197,722 | $640,182,305 |
| 2023-12-31 | American Century Companies Inc | 1% | 19,137,865 | $551,936,029 |
| 2023-12-31 | Invesco Ltd. | 1% | 18,738,095 | $540,406,662 |
| 2023-12-31 | Morgan Stanley | 1% | 17,730,349 | $511,343,267 |
| 2023-12-31 | Sarofim, Fayez & Co | 1% | 17,641,462 | $508,779,766 |
| 2023-12-31 | Blackrock Inc. | 1% | 16,958,565 | $489,085,017 |
| 2023-12-31 | Neuberger Berman Group, LLC | 1% | 16,459,787 | $474,700,259 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Enterprise Products.
