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

EPD has been the subject of several analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $34.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, July 29th. 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 for the company in a report on Monday, May 2nd. Seaport Global Securities downgraded shares of Enterprise Products Partners L.P. from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a report on Friday, April 29th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Enterprise Products Partners L.P. in a report on Friday, July 29th. Finally, Barclays PLC started coverage on shares of Enterprise Products Partners L.P. in a report on Wednesday, April 13th. They set an “overweight” rating and a $32.00 price objective for the company. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $31.69.

The firm has a market cap of $55.44 billion and a price-to-earnings ratio of 21.580. The company has a 50 day moving average of $28.75 and a 200-day moving average of $25.81.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its earnings results on Thursday, July 28th. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The firm had revenue of $5.62 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was down 20.8% on a year-over-year basis. On average, equities research analysts expect that Enterprise Products Partners L.P. will post $1.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 5th. Stockholders of record on Friday, July 29th will be paid a $0.40 dividend. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. This represents a $1.60 annualized dividend and a dividend yield of 5.95%. The ex-dividend date is Wednesday, July 27th.

Several large investors have recently made changes to their positions in EPD. Girard Partners LTD. increased its stake in shares of Enterprise Products Partners L.P. by 5.0% in the fourth quarter. Girard Partners LTD. now owns 55,249 shares of the company’s stock valued at $1,413,000 after buying an additional 2,614 shares in the last quarter. Whalerock Point Partners LLC increased its stake in shares of Enterprise Products Partners L.P. by 8.6% in the fourth quarter. Whalerock Point Partners LLC now owns 70,725 shares of the company’s stock valued at $1,809,000 after buying an additional 5,625 shares in the last quarter. New Vernon Investment Management LLC increased its stake 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 valued at $2,423,000 after buying an additional 60,000 shares in the last quarter. Stephens Inc. AR increased its stake 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. Finally, Homrich & Berg increased its stake 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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