Enterprise Products Partners L.P. (NYSE:EPD) saw an uptick in trading volume on Wednesday . 12,745,712 shares changed hands during trading, an increase of 209% from the previous session’s volume of 4,124,158 shares.The stock last traded at $28.49 and had previously closed at $29.06.

A number of research firms have commented on EPD. Seaport Global Securities downgraded shares of Enterprise Products Partners L.P. from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Friday, April 29th. Barclays PLC assumed coverage on shares of Enterprise Products Partners L.P. in a research report on Wednesday, April 13th. They issued an “overweight” rating and a $32.00 price objective on the stock. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Monday, May 2nd. Vetr raised shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $30.50 price objective on the stock in a research report on Monday, May 2nd. Finally, DA Davidson reaffirmed a “buy” rating on shares of Enterprise Products Partners L.P. in a research report on Thursday, April 14th. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.68.

The stock has a market capitalization of $58.55 billion and a PE ratio of 22.58. The stock’s 50-day moving average is $28.82 and its 200-day moving average is $25.64.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The business had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.62 billion. On average, equities analysts anticipate that Enterprise Products Partners L.P. will post $1.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 5th. Shareholders of record on Friday, July 29th will be paid a $0.40 dividend. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, July 27th. This represents a $1.60 annualized dividend and a yield of 5.62%.

Other institutional investors recently made changes to their positions in the company. Trust & Fiduciary Management Services Inc. bought a new position in shares of Enterprise Products Partners L.P. during the fourth quarter valued at approximately $5,005,000. Chickasaw Capital Management LLC raised its position in shares of Enterprise Products Partners L.P. by 14.7% in the fourth quarter. Chickasaw Capital Management LLC now owns 8,936,520 shares of the company’s stock valued at $228,596,000 after buying an additional 1,148,633 shares in the last quarter. Stephens Inc. AR raised its position in shares of Enterprise Products Partners L.P. by 20.2% in the fourth quarter. Stephens Inc. AR now owns 172,716 shares of the company’s stock valued at $4,418,000 after buying an additional 29,040 shares in the last quarter. Jennison Associates LLC raised its position in shares of Enterprise Products Partners L.P. by 245.9% in the fourth quarter. Jennison Associates LLC now owns 274,170 shares of the company’s stock valued at $7,013,000 after buying an additional 194,913 shares in the last quarter. Finally, Homrich & Berg raised its position in shares of Enterprise Products Partners L.P. by 2.9% in the fourth quarter. Homrich & Berg now owns 195,253 shares of the company’s stock valued at $4,995,000 after buying an additional 5,591 shares in the last quarter.

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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