Chickasaw Capital Management LLC Increases Stake in Enterprise Products Partners L.P. by 0.9%
June 22, 2023
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Enterprise Products Partners ($NYSE:EPD) L.P. is a large publicly-traded midstream energy company, providing transportation, storage, and handling services for natural gas, NGLs, petrochemicals, and crude oil. This strategic move presents a significant investment opportunity for the firm. The company has consistently delivered strong results over the past decade, with its share prices increasing steadily year-over-year. This recent move by Chickasaw Capital Management LLC indicates that the firm sees continued potential in the company’s future performance.
Analysis
GoodWhale’s analysis of ENTERPRISE PRODUCTS PARTNERS L.P’s fundamentals show that the company has a high health score of 8/10, indicating that it has a strong ability to pay off its debt and fund its future operations. Furthermore, it has been classified as a “cheetah”, a type of company that has achieved rapid revenue or earnings growth but is less stable due to lower profitability. Investors looking for an investment that offers good dividend yields and the potential for growth may find ENTERPRISE PRODUCTS PARTNERS L.P attractive. GoodWhale gives it a strong rating on dividend, growth, and medium ratings on assets and profitability. This makes it a good choice for investors looking for a mid- to long-term investment with some stability. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for EPD. More…
| Total Revenues | Net Income | Net Margin |
| 57.62k | 5.55k | 9.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for EPD. More…
| Operations | Investing | Financing |
| 8.04k | -4.95k | -5.84k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for EPD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 68.11k | 40.41k | 12.24 |
Key Ratios Snapshot
Some of the financial key ratios for EPD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.0% | 6.4% | 12.2% |
| FCF Margin | ROE | ROA |
| 10.5% | 16.5% | 6.4% |
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
Investors have been showing increasing interest in Enterprise Products Partners L.P. as evidenced by Chickasaw Capital Management LLC upping its stake by 0.9% in the first quarter. This suggests that investors are expecting to benefit from the stock’s potential for growth. Analysts point to the company’s strong balance sheet and cash flow, alongside its low debt levels, as signs of a secure and reliable investment opportunity.
Furthermore, its diversified business portfolio across industries, such as oil and gas, natural gas liquids, and petrochemical products, makes it a good choice for investors looking for a safe bet in the energy sector. With a bright outlook and long-term potential, Enterprise Products Partners L.P. is well placed to attract further investment.
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