Enterprise Products Partners L.P. (NYSE:EPD) shares saw strong trading volume on Thursday . 6,670,008 shares were traded during mid-day trading, an increase of 26% from the previous session’s volume of 5,302,073 shares.The stock last traded at $27.00 and had previously closed at $27.56.

A number of brokerages have weighed in on EPD. Seaport Global Securities lowered 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 research note on Friday, April 29th. Morgan Stanley lowered Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $33.00 to $30.00 in a research note on Thursday. Credit Suisse Group AG restated a “hold” rating and set a $30.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Monday, May 2nd. Vetr upgraded 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 research note on Monday, May 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $34.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Friday, July 29th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.78.

The firm has a market cap of $56.51 billion and a PE ratio of 21.58. The firm’s 50 day moving average is $28.38 and its 200 day moving average is $26.18.

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 consensus estimate of $0.31 by $0.04. The company earned $5.62 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period last year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. On average, analysts expect that Enterprise Products Partners L.P. will post $1.27 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Friday, July 29th were issued a $0.40 dividend. The ex-dividend date was Wednesday, July 27th. 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 yield of 5.92%.

A number of institutional investors have recently bought and sold shares of EPD. Nicholas Co. Inc. WI purchased a new position in Enterprise Products Partners L.P. during the fourth quarter valued at approximately $8,953,000. Jennison Associates LLC boosted its position in 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 during the period. Venturi Wealth Management LLC purchased a new position in Enterprise Products Partners L.P. during the fourth quarter valued at approximately $1,252,000. Stephens Inc. AR boosted its position in 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 during the period. Finally, Homrich & Berg boosted its position in 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 during the period.

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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