Enterprise Products Partners L.P. (NYSE:EPD) shares fell 3.8% during mid-day trading on Monday . The company traded as low as $27.40 and last traded at $27.40, with a volume of 2,492,817 shares trading hands. The stock had previously closed at $28.47.

A number of analysts have weighed in on the stock. Credit Suisse Group AG restated a “hold” rating and issued a $30.00 target price on shares of Enterprise Products Partners L.P. in a research report on Monday, May 2nd. Howard Weil assumed coverage on shares of Enterprise Products Partners L.P. in a research report on Wednesday, June 1st. They issued a “sector outperform” rating and a $31.00 target price on the stock. Vetr upgraded shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $30.50 target price on the stock in a research report on Monday, May 2nd. Sanford C. Bernstein assumed coverage on shares of Enterprise Products Partners L.P. in a research report on Wednesday, May 11th. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, Seaport Global Securities lowered 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. Three investment 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 stock. The company has a consensus rating of “Buy” and an average target price of $31.68.

The firm has a market capitalization of $55.92 billion and a P/E ratio of 21.77. The company has a 50 day moving average of $28.77 and a 200-day moving average of $25.78.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its earnings results on Thursday, July 28th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by $0.04. During the same quarter in the previous year, the firm posted $0.34 EPS. The company had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.62 billion. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. On average, analysts anticipate that Enterprise Products Partners L.P. will post $1.33 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 5th. Investors of record on Friday, July 29th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date is Wednesday, July 27th. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40.

A number of institutional investors have modified their holdings of the company. Stephens Inc. AR boosted 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 worth $4,418,000 after buying an additional 29,040 shares during the last quarter. Morningstar Investment Services LLC boosted its position in shares of Enterprise Products Partners L.P. by 3.1% in the fourth quarter. Morningstar Investment Services LLC now owns 348,669 shares of the company’s stock worth $8,919,000 after buying an additional 10,589 shares during the last quarter. Agran Libbie boosted its position in shares of Enterprise Products Partners L.P. by 10,098.1% in the fourth quarter. Agran Libbie now owns 29,857,695 shares of the company’s stock worth $7,638,000 after buying an additional 29,564,918 shares during the last quarter. Chickasaw Capital Management LLC boosted 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 worth $228,596,000 after buying an additional 1,148,633 shares during the last quarter. Finally, New Vernon Investment Management LLC boosted its position in shares of Enterprise Products Partners L.P. by 172.9% in the fourth quarter. New Vernon Investment Management LLC now owns 94,707 shares of the company’s stock worth $2,423,000 after buying an additional 60,000 shares during 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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