Short interest for Enterprise Prods Partners gives investors a sense of the degree to which investors are betting on the decline of Enterprise Prods Partners's stock. Short interest data is updated every two weeks.

Enterprise Prods Partners Stock (NYSE:EPD), Short Interest Report

Enterprise Prods Partners

Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.

Earnings

Equities

News

EPD&#39;s Q1 2024 sales grew 18.6% YoY to $14.76B, beating consensus. Adjusted EBITDA rose to $2.47B, but EPS missed. Company expects $3.25-3.75B organic growth investment and $550M sustaining capex in 2024.

Enterprise Products Q1 Bottom-Line Misses By A Whisker: Details

Jim Cramer Photo by s_bukley on Shutterstock

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Enterprise Products Partners L.P. Common Stock

Enterprise Products Partners LP

ENTERPRISE PRDS PFD UT A by Enterprise Products Partners L.P.

Enterprise Products Partners L.P.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) reported a&nbsp;first-quarter fiscal 2024 sales&nbsp;growth of 18.6% year-over-year to $14.76 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38512516/enterprise-reports-first-quarter-2024-earnings" rel="noreferrer noopener">beating the consensus of $14.23 billion.&nbsp;</a>
Adjusted EBITDA rose to $2.47 billion from $2.23 billion in the prior year quarter, and the margin contracted by 192 bps to 16.7%.
EPS was 66 cents, up from 63 cents in first-quarter 2023,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missing the consensus of 67 cents.</a>
Distributable Cash Flow was $1.915 billion for the quarters compared to $1.938 billion a year ago. Adjusted cash flow provided by operating activities was $2.147 billion compared to $2.022 billion in the first quarter of 2023.
&#8220;Our earnings growth in the first quarter of 2024 was primarily driven by contributions from new assets placed into service during the second half of 2023 in our NGL Pipeline &amp; Services segment, a 17 percent increase in net marine terminal volumes attributable to growing international demand for U.S. energy, and higher sales volumes and margins in our octane enhancement business,&#8221; commented A. J. &#8220;Jim&#8221; Teague, co-chief executive officer of Enterprise&#8217;s general partner.
&#8220;Near the end of the first quarter, we expanded our Permian natural gas processing infrastructure with the start of operations at our Leonidas plant in the Midland Basin and our Mentone 3 plant in the Delaware Basin. Both facilities have a design capacity to process more than 300 MMcf/d of natural gas and extract over 40 MBPD of NGLs,&#8221; stated Teague.
Adjusted total gross operating margin contracted by 189 bps to 16.9%. The gross operating margin from the NGL Pipelines &amp; Services segment was $1.3 billion compared to $1.2 billion a year ago. The crude Oil Pipelines &amp; Services segment increased to $411 million from $397 million.
Natural Gas Pipelines &amp; Services gross operating was $312 million versus $314 million YoY; Petrochemical &amp; Refined Products Services increased 6% Y/Y.
In the quarter, capital investments came in at $1.1 billion, including sustaining capital expenditures of $180 million.
The company repurchased ~$40 million of its&nbsp;common&nbsp;units for the quarter, resulting in utilizing 48% of its authorized $2 billion&nbsp;common&nbsp;unit buyback program.
The company expects organic growth capital investments&nbsp;in the range of&nbsp;$3.25 billion to $3.75 billion in 2024 and 2025. Sees sustaining capital expenditures to be ~$550 million in 2024.
Price Action:&nbsp;EPD shares are trading lower by 2.57% at $27.86 at&nbsp;the last check Tuesday.

Enterprise Products CCO Brent Secrest Says Co Expects To Make A Final Investment Decision On Sea Port Oil Terminal Before End Of 2024; Co Exec Says Enterprise Products Notified Shippers Of Downtime On Wink To Webster Pipeline In June For About 10 Days

Enterprise Products Co-CEO Jim Teague Says Continuing With Commercialization Of Deepwater Export Project Sea Port Oil Terminal; CCO Brent Secrest Says Will Not Move Forward With Sea Port Oil Terminal Until Co Has Contracts To Support It; Expects To Have Two Contracts For Sea Port Oil Terminal By End Of Next Month

Enterprise Products Partners Q1 Distributable Cash Flow $1.9B

Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) reported quarterly earnings of $0.66 per share which missed the analyst consensus estimate of $0.67 by 1.49 percent. This is a 4.76 percent increase over earnings of $0.63 per share from the same period last year. The company reported quarterly sales of $14.760 billion which beat the analyst consensus estimate of $14.230 billion by 3.73 percent. This is a 18.61 percent increase over sales of $12.444 billion the same period last year.

Earnings Beats

Earnings Misses

Enterprise Prods Partners Q1 2024 GAAP EPS $0.66 Misses $0.67 Estimate, Sales $14.760B Beat $14.230B Estimate

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has risen 5.83% since its last report. The company recently reported that it has 18.53 million shares sold short, which is 1.27% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.49 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714162522_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 3.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Enterprise Prods Partners's Recent Short Interest

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer &nbsp;recommended selling Petróleo Brasileiro S.A. &#8211; Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>). &#8220;I like PBR the beer more than I like PBR the <a href="https://www.benzinga.com/news/24/04/38382267/petrobras-to-build-solar-power-at-its-three-refineries">oil company,&#8221; he added</a>.
Cramer recommended buying Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>).
On April 4, Wells Fargo analyst Michael Blum maintains Enterprise Products Partners with an Overweight rating and raised the price target from $32 to $33, while Scotiabank analyst Tristan Richardson maintained the stock with a Sector Outperform and boosted the price target from $31 to $32.
Cheniere Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>) is &#8220;terrific,&#8221; Cramer said.
The &#8220;Mad Money&#8221; host recommended buying Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>). &#8220;I think you have a real winner,&#8221; he noted.
On April 16, Recursion named Najat Khan, PhD, as chief R&amp;D officer and chief commercial officer.
Cramer said Casey&#8217;s General Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) is a &#8220;winner&#8221; and recommended buying the stock.
On April 16, Evercore ISI Group analyst Michael Montani maintained Casey&#8217;s General with an Outperform and lowered the price target from&nbsp;$350&nbsp;to&nbsp;$345.
Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) is a buy, Cramer said.
On Monday, critics of Broadcom dismissed the U.S. chipmaker's revisions to its cloud licensing practices, arguing that the changes fail to resolve their concerns over alleged price increases, unfair software licensing <a href="https://www.benzinga.com/government/24/04/38377159/broadcom-faces-backlash-over-licensing-eu-trade-groups-demand-investigation">terms, and product bundling</a>.
Price Action:
<ul>
<li>Petroleo Brasileiro shares rose 0.1% to settle at $16.96 on Tuesday.</li>
<li>Broadcom shares gained 2% to settle at $1,249.19.</li>
<li>Casey's General Stores shares fell 0.1% to close at $313.32 on Tuesday.</li>
<li>Enterprise Products Partners shares fell 0.3% to close at $28.91.</li>
<li>Recursion Pharmaceuticals shares rose 1.3% to settle at $7.70 on Tuesday.</li>
<li>Cheniere Energy shares fell 1% to close at $158.90 on Tuesday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38396543/meta-likely-to-report-higher-q1-earnings-here-are-the-recent-forecast-changes-from-wall-streets-mos">Meta Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
Photo: Shutterstock

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RBC Capital analyst Elvira Scotto reiterates Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Outperform and maintains $35 price target.

Price Target

Reiteration

Analyst Ratings

RBC Capital Reiterates Outperform on Enterprise Prods Partners, Maintains $35 Price Target

Wells Fargo analyst Michael Blum maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Overweight and raises the price target from $32 to $33.

Wells Fargo Maintains Overweight on Enterprise Prods Partners, Raises Price Target to $33

Scotiabank analyst Tristan Richardson maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Sector Outperform and raises the price target from $31 to $32.

Scotiabank Maintains Sector Outperform on Enterprise Prods Partners, Raises Price Target to $32

Mizuho analyst Gabriel Moreen maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Buy and maintains $34 price target.

Mizuho Maintains Buy on Enterprise Prods Partners, Maintains $34 Price Target

The plant is expected to begin service in the second quarter of 2026.

Enterprise Product Partners To Build New Natural Gas Processing Plant; Starts Service On Mentone 3 And Leonidas

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has risen 13.45% since its last report. The company recently reported that it has 19.68 million shares sold short, which is 1.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.35 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711643421_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 3.68%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Enterprise Prods Partners's Recent Short Interest

Mizuho analyst Gabriel Moreen maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Buy and raises the price target from $33 to $34.

Mizuho Maintains Buy on Enterprise Prods Partners, Raises Price Target to $34

In the last three months, 5 analysts have published ratings on Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>), offering a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $33.4, a high estimate of $36.00, and a low estimate of $31.00. This upward trend is apparent, with the current average reflecting a 5.2% increase from the previous average price target of $31.75.
<img src="https://www.benzinga.com/files/images/story/2024/1711454479_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A clear picture of Enterprise Prods Partners's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Theresa Chen</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$31.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$33.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$35.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$32.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Selman Akyol</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$36.00</td>
<td>$35.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Enterprise Prods Partners. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Enterprise Prods Partners compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Enterprise Prods Partners's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Enterprise Prods Partners's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/EPD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Enterprise Prods Partners analyst ratings.</a>
<h2>Unveiling the Story Behind Enterprise Prods Partners</h2>
Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.
<h3>Breaking Down Enterprise Prods Partners's Financial Performance</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Enterprise Prods Partners's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 7.12%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: Enterprise Prods Partners's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 10.38%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Enterprise Prods Partners's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 5.54%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Enterprise Prods Partners's ROA stands out, surpassing industry averages. With an impressive ROA of 2.16%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 1.05, Enterprise Prods Partners adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Enterprise Prods Partners Stock: Analyst Perspectives (5 Ratings)

Barclays analyst Theresa Chen maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Overweight and raises the price target from $30 to $31.

Barclays Maintains Overweight on Enterprise Prods Partners, Raises Price Target to $31

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer said he doesn&rsquo;t like Dominion Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/d#NYSE">D</a>). &quot;I think that they made a lot of mistakes with their <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37555716/insiders-buying-snowflake-and-2-other-stocks"> balance sheet,&quot; he noted. </a>
On March 13, Barclays analyst Nicholas Campanella maintained Dominion Energy with an Overweight and raised the price target from $47 to $50.
During Tuesday&#39;s show, Cramer recommended selling iRobot (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/irbt#NASDAQ">IRBT</a>).
On March 11, iRobot reported a preliminary first-quarter loss of $2.13 to $2.00 per share on revenue of $137 million to $142 million.
When asked about Plains All American Pipeline, L.P. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/paa#NASDAQ">PAA</a>), he said, &quot;I see you, and I raise you with Enterprise Products Partners (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>), which is a better company.&quot;
On March 19, Truist Securities analyst Neal Dingmann maintained Plains All American with a Buy and raised the price target from $21 to $23.
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Rivian Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>) is a &quot;well-run&quot; company, Cramer said. &quot;I&rsquo;d rather buy the car than the stock.&quot;
On March 18, Rivian said its vehicles are now compatible with the Tesla supercharger network.
The &quot;Mad Money&quot; host said he wants to pause on DraftKings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dkng#NASDAQ">DKNG</a>). &quot;I don&rsquo;t want you to buy it up here. Let it come in,&quot; he added.
On March 18, DraftKings said Jason Park, DraftKings&#39; Chief Financial Officer, will become the Company&#39;s Chief Transformation Officer, effective as of May 1, 2024.
Price Action:
<ul>
<li>Shares of iRobot fell 4.1% to close at $8.83 on Tuesday.</li>
<li>Dominion Energy closed at $48.51 on Tuesday.</li>
<li>Rivian shares fell 1.2% to settle at $11.26.</li>
<li>DraftKings shares gained 0.6% to settle at $43.78 on Tuesday.</li>
<li>Plains All American Pipeline shares gained 0.6% to close at $17.17 on Tuesday.</li>
<li>Shares of SoFi rose 0.7% to settle at $7.08.</li>
<li>On Holding shares climbed&nbsp;4.1% to close at $34.23 on Tuesday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/03/37839328/general-mills-likely-to-report-higher-q3-earnings-here-are-the-recent-forecast-changes-from-wall-st"> General Mills Likely To Report Higher Q3 Earnings; Here Are The Recent Forecast Changes From Wall Street&#39;s Most Accurate Analysts</a>
Photo:&nbsp;s_bukley/Shutterstock.com

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Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) (&quot;Enterprise&quot;) today announced that the first phase of its Texas Western Products System (&quot;TW Products System&quot;) is now in service with the start of truck loading operations at the company&#39;s new Permian terminal in Gaines County, Texas. The facility features approximately 900,000 barrels of storage for gasoline and diesel, and truck loading capacity of 10,000 barrels per day (&quot;BPD&quot;). The company expects the remainder of the system, which includes terminals in the Jal and Albuquerque, New Mexico areas, as well as the Grand Junction, Colorado area, to be placed in service later in the first half of 2024.
This press release features multimedia. View the full release here:&nbsp;<a href="https://www.businesswire.com/news/home/20240307497958/en/">https://www.businesswire.com/news/home/20240307497958/en/</a>
&quot;Once completed, the TW Products System will provide supply reliability and diversity to the historically underserved gasoline and diesel markets in the southwest United States,&quot; said A.J. &quot;Jim&quot; Teague, co-chief executive officer of Enterprise&#39;s general partner. &quot;By repurposing segments of our integrated Gulf Coast midstream network, which features access to the largest refining complex in the U.S., representing more than 4.5 million BPD of capacity, the TW Products System will provide retailers access to alternative sources of refined products, which should result in lower fuel prices for consumers in West Texas, New Mexico, Colorado and Utah.&quot;
To supply the terminals, Enterprise is converting segments of its Chaparral and Mid-America natural gas liquids (&quot;NGLs&quot;) pipeline systems to accommodate refined products. Utilizing a batched delivery system will give the company the ability to continue transporting mixed NGLs and NGL purity products in addition to gasoline and diesel.

Enterprise Begins Initial Service On TW Products System

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has risen 13.45% since its last report. The company recently reported that it has 19.68 million shares sold short, which is 1.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.35 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709829021_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 3.48%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Investors tend to flock to <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stocks</a> when uncertain about the market&rsquo;s outlook. Commonly referred to as &ldquo;defensive stocks,&rdquo; these investments appeal to investors <a href="https://www.investopedia.com/terms/d/defensivestock.asp">seeking consistent payouts</a> over time. Dividends are generally paid quarterly, diverging from day traders&rsquo; interests in short-term profits. Thus, these types of stocks often demonstrate stability. With recent market volatility fueling worries of continued declines, some investors are unsurprisingly reexamining dividend-oriented investments. Beyond potential price stability, shares of these companies <a href="https://www.cnbc.com/2024/02/23/how-dividend-investing-can-make-you-money-while-you-sleep.html">enable passive income generation</a>. Long-term holding of dividend stocks allows earnings to accrue even without active management. Identifying high-quality dividend opportunities requires some preconceptions. While the yields can be attractive, the <a href="https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/how-to-invest-in-dividend-stocks/">highest-paying dividend stocks</a> sometimes overcompensate for risk. For reference, the S&amp;P 500 typically yields approximately 1.5%. This means that a $1 investment in the average S&amp;P 500 stock could yield 15 cents annually. Thus, the following dividend stocks present well above average, sustainable yields that merit investigation.



<h2>&#8203;Enterprise Products Partners (EPD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/lng-natural-gas-ship-1600-300x169.jpg" alt="Large tanker ship carrying natural gas at dusk in harbor"><div>Source: shutterstock.com/Wojciech Wrzesien</div></div>Enterprise Products Partners (NYSE:<a href="https://investorplace.com/stock-quotes/epd-stock-quote/">EPD</a>) is one of the top dividend stocks warranting examination. As a midstream energy services provider, it has proven to be a consistent and reliable company for dividend payments. EPD transports and stores natural gas and crude petroleum, amongst other products, and its business model is somewhat immune to volatility in commodity prices. Regardless of the price of crude oil, transportation of such products remains necessary, allowing the company to generate commissions.



Markedly, the company has steadily increased its <a href="https://www.dividend.com/stocks/energy/oil-gas-coal/midstream-oil-gas/epd-enterprise-products-partners-lp/">dividend for 25 years</a> consecutively at a compound annual growth rate of approximately 7%. With $7.5 billion in distributable cash in 2023, the company can increase dividends further and return capital to shareholders. Currently, at a low price-to-earnings (P/E) ratio of 11.5x, it provides an attractive <a href="https://finance.yahoo.com/quote/EPD?.tsrc=fin-srch">dividend yield of 7.1%</a> for shareholders. These metrics alone present solid reasons why EPD deserves consideration for a long-term portfolio.



<h2>Realty Income (O)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/housing-market-houses-coins-1600-300x169.jpg" alt="Little plastic houses on top of stacks of coins, representing housing market"><div>Source: shutterstock.com/jaturonoofer</div></div>Real estate investment trusts (REITs) that concentrate on dividend stocks are often considered when seeking stable growth assets. One such REIT that stands out for its long-term dividend performance is Realty Income (NYSE:<a href="https://investorplace.com/stock-quotes/o-stock-quote/">O</a>). With a history of <a href="https://www.nasdaq.com/market-activity/stocks/o/dividend-history">raising its dividend 124 times</a> since it went public in 1994, Realty Income has established itself as a leader in consistent dividend growth. The company forecasts that funds from operations will increase by 4%-5% for the current fiscal year, suggesting <a href="https://www.realtyincome.com/investors/press-releases/realty-income-announces-operating-results-three-months-and-year-ended-0">further dividend growth</a>.



 Realty Income&rsquo;s debt-to-equity (D/E) ratio has been falling over the years, improving the company&rsquo;s <a href="https://www.macrotrends.net/stocks/charts/O/realty-income/debt-equity-ratio">financial leverage</a> and, shareholder equity. The company offers investors seeking the stable income associated with dividend stocks in the REIT sector a dividend yield of 5.8%. With an expanding portfolio in Europe and monthly dividends supported by over 15,000 properties, the company remains well-positioned for those prioritizing defensive holdings focused on real estate and dividends.



<h2>Hercules Technology Growth Capital (HTGC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/tech1600-300x169.jpg" alt="tech stocks"><div>Source: Shutterstock</div></div>Although investing in technology carries the risk of volatility, holding dividend stocks that indirectly support innovative tech companies is safer. Hercules Technology Growth Capital (NYSE:<a href="https://investorplace.com/stock-quotes/htgc-stock-quote/">HTGC</a>) is a company that provides venture debt and private equity to rapidly growing businesses. This diversified model has delivered record profits despite economic uncertainty. Additionally, Hercules Capital has raised its dividend consistently since 2005, with a 5-year annual <a href="https://finance.yahoo.com/news/hercules-capital-incs-dividend-analysis-100838255.html">growth rate above 7%</a>. HTGC trades at a P/E ratio of 8.2x and a forward <a href="https://finance.yahoo.com/quote/HTGC?.tsrc=fin-srch">dividend yield of 10.2%</a>. It has consistently beaten EPS estimates for the past six quarters, with more analysts joining the buy recommendations cohort recently. The company&rsquo;s $1.87 billion payouts to shareholders since its initial public offering and double-digit supplemental distribution demonstrate its commitment to consistent returns. With a focus on flexible capital for expanding tech firms, HTGC offers a way to benefit from sector growth while mitigating risk through steady income.



On the date of publication, Stavros Tousios did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Stavros Tousios, MBA, is the founder and chief analyst at Markets Untold. With expertise in FX, macros, equity analysis, and investment advisory, Stavros delivers investors strategic guidance and valuable insights.</div><h3>More From InvestorPlace</h3>
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Enterprise Prods Partners (NYSE:<a href="https://investorplace.com/stock-quotes/epd-stock-quote/">EPD</a>) just reported results for the first quarter of 2024.<ul><li>Enterprise Prods Partners reported earnings per share of 66 cents. This was below the analyst estimate for EPS of 67 cents.</li><li>The company reported revenue of $14.76 billion.</li><li>This was 3.72% better than the analyst estimate for revenue of $14.23 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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Enterprise Prods Partners Stock (NYSE:EPD), Short Interest Report

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