EPD Intrinsic Value Calculator – Ashton Thomas Private Wealth LLC reduces stake in Enterprise Products Partners L.P. by 9.1% in Q2

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ENTERPRISE PRODUCTS PARTNERS L.P ($NYSE:EPD) is a midstream energy company that provides a wide range of services for natural gas, crude oil, NGLs, and refined products. They own and operate a vast network of pipelines, storage facilities, processing plants, and marine terminals, serving major producers and consumers of energy products. In the second quarter of this year, Ashton Thomas Private Wealth LLC, a registered investment advisor and wealth management firm, made headlines by reducing its stake in Enterprise Products Partners L.P. by 9.1%. This move reflects a decrease in their overall ownership of shares in the company. Ashton Thomas Private Wealth LLC is known for managing the assets of high net worth individuals, families, and institutional investors. One possible explanation for this move could be a change in investment strategy. As a wealth management firm, Ashton Thomas Private Wealth LLC constantly evaluates their portfolio to ensure optimal returns for their clients.

It is possible that they saw better investment opportunities elsewhere and decided to reallocate their funds accordingly. It is also worth noting that this decrease in ownership does not necessarily indicate a lack of confidence in Enterprise Products Partners L.P. the company itself. In fact, Enterprise Products Partners L.P. has been performing well financially, with consistently strong earnings and dividends for its investors. Another factor to consider is the current state of the energy market. Overall, while the news of Ashton Thomas Private Wealth LLC reducing its stake in Enterprise Products Partners L.P. may raise some concerns, it is important to remember that this move does not necessarily reflect negatively on the company. As with any investment decision, it is crucial to consider all factors and conduct thorough research before making any conclusions.

Analysis – EPD Intrinsic Value Calculator

The stock is currently trading at $29.62, which is above its intrinsic value of $26.7. This means that the stock is overvalued by approximately 10.9%. One of the main factors contributing to ENTERPRISE PRODUCTS PARTNERS L.P.’s strong fundamentals is its consistent and growing revenue and earnings. The company has a diversified portfolio of midstream energy assets, including pipelines, terminals, and storage facilities, which generate steady cash flow. Based on our proprietary Valuation Line, which takes into account various financial metrics and projections, the intrinsic value of ENTERPRISE PRODUCTS PARTNERS L.P. is estimated to be $26.7. This indicates that the stock is currently trading at a fair price, but with a slight overvaluation. Overall, ENTERPRISE PRODUCTS PARTNERS L.P. has strong fundamentals and is a good long-term investment option. However, investors should be aware of the current overvaluation of the stock and consider waiting for a better entry point before investing. It is important to always conduct thorough research and analysis before making any investment decisions. More…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Peers

Enterprise Products Partners LP is a Houston-based partnership that owns and operates pipelines and other energy-related transportation and storage facilities. The company’s main competitors are Energy Transfer LP, Enbridge Inc, and Kinder Morgan Inc. All three companies are based in North America and are involved in the transportation and storage of oil and natural gas.

– Energy Transfer LP ($NYSE:ET)

Energy Transfer LP is a publicly traded partnership that owns and operates energy infrastructure assets in the United States. The company’s assets include natural gas pipelines, natural gas storage facilities, and crude oil pipelines. Energy Transfer LP is headquartered in Dallas, Texas.

– Enbridge Inc ($TSX:ENB)

Enbridge Inc is a Canadian energy transportation and distribution company. It has a market capitalization of $103.97 billion as of 2022 and a return on equity of 9.87%. The company operates in the oil and gas industry and owns and operates a network of pipelines that transport crude oil, natural gas, and refined products in Canada and the United States. Enbridge also owns and operates a fleet of oil tankers and gas storage facilities.

– Kinder Morgan Inc ($NYSE:KMI)

Kinder Morgan Inc is a leading North American energy company that specializes in the transport, storage, and distribution of natural gas and crude oil products. The company has a market capitalization of $40.72 billion as of 2022 and a return on equity of 7.82%. Kinder Morgan is one of the largest energy infrastructure companies in North America, with a network of approximately 84,000 miles of pipelines and 160 terminals. The company’s pipelines transport natural gas, crude oil, refined products, and CO2, while its terminals store and handle petroleum products, chemicals, and other bulk materials.

Summary

Ashton Thomas Private Wealth LLC, a financial management firm, recently reduced its stake in Enterprise Products Partners L.P. by 9.1% during the second quarter. This indicates a lack of confidence in the company’s performance and future prospects. While the exact reasons for this decision are unknown, it could be due to factors such as declining revenues or market volatility.

Investors should closely monitor the situation and consider conducting their own analysis of Enterprise Products Partners L.P. to make informed decisions about their investments. This news highlights the importance of regularly reviewing and adjusting investment portfolios based on market conditions and company performance.