Traders purchased shares of Enterprise Products Partners L.P. (NYSE:EPD) on weakness during trading on Thursday. $64.26 million flowed into the stock on the tick-up and $46.81 million flowed out of the stock on the tick-down, for a money net flow of $17.45 million into the stock. Of all equities tracked, Enterprise Products Partners L.P. had the 26th highest net in-flow for the day. Enterprise Products Partners L.P. traded down ($0.54) for the day and closed at $27.02

EPD has been the subject of a number of analyst reports. Credit Suisse Group AG reissued a “hold” rating on shares of Enterprise Products Partners L.P. in a report on Friday, July 29th. 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 Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.33 price target for the company in a report on Monday, June 27th. Howard Weil initiated coverage on Enterprise Products Partners L.P. in a report on Wednesday, June 1st. They issued a “sector outperform” rating and a $31.00 price target for the company. Finally, Morgan Stanley cut Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $33.00 to $30.00 in a report on Thursday. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Enterprise Products Partners L.P. has an average rating of “Buy” and an average target price of $31.78.

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

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.04. The business earned $5.62 billion during the quarter, compared to analysts’ expectations of $5.62 billion. The business’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share. On average, analysts forecast that Enterprise Products Partners L.P. will post $1.27 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Friday, July 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.92%. 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 was Wednesday, July 27th.

Other institutional investors have recently modified their holdings of the company. King Luther Capital Management Corp raised its position in shares of Enterprise Products Partners L.P. by 2.1% in the fourth quarter. King Luther Capital Management Corp now owns 189,353 shares of the company’s stock worth $4,844,000 after buying an additional 3,914 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Enterprise Products Partners L.P. during the fourth quarter worth about $1,252,000. BlackRock Advisors LLC raised its position in shares of Enterprise Products Partners L.P. by 0.3% in the fourth quarter. BlackRock Advisors LLC now owns 1,039,972 shares of the company’s stock worth $26,602,000 after buying an additional 2,790 shares during the last quarter. Nicholas Co. Inc. WI purchased a new position in shares of Enterprise Products Partners L.P. during the fourth quarter worth about $8,953,000. Finally, 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 worth $4,418,000 after buying an additional 29,040 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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