Insider Trading Report: Enterprise Products Partners (EPD)

AJ Teague, Co-CEO of Enterprise Products Partners LP (EPD), recently picked up 23,300 shares. The buy increased his stake by just over 1 percent, and came to a total cost of just under $499,000.

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  • This adds to other insider buying so far this year, at prices near where shares currently trade. That includes a 10,000 share buy from a director in just the prior week, at a cost of just over $222,000.

    Overall company insiders own over 32 percent of shares.

    The energy stock has slightly beaten the S&P 500 over the past year, returning about 37 percent. With energy prices up overall and revenue up 64 percent, there’s likely room for further growth.

    Action to take: As an LP, the company pays out a large distribution, about 8 percent at current prices. Investors looking for a way to play today’s energy market with some large income overall.

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  • While seasonally energy prices tend to move down in the autumn, supply constraints and production cuts may lead to higher prices this year instead. That could point to higher prices for shares in the months ahead. The January $23 calls are a near-the-money trade going for about $0.50 that could deliver large percentage returns on a rally higher in the coming months.

     

    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.