Shares of Enterprise Products Partners L.P. (NYSE:EPD) saw unusually-high trading volume on Thursday . Approximately 6,670,008 shares changed hands during 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.

EPD has been the subject of a number of research reports. Seaport Global Securities downgraded 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 reiterated a “hold” rating and set a $30.00 price objective on shares of Enterprise Products Partners L.P. in a report 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 report on Monday, May 2nd. Sanford C. Bernstein initiated coverage on Enterprise Products Partners L.P. in a report on Wednesday, May 11th. They set an “outperform” rating and a $33.00 price objective for the company. Finally, Howard Weil initiated coverage on Enterprise Products Partners L.P. in a report on Wednesday, June 1st. They set a “sector outperform” rating and a $31.00 price objective for the company. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Enterprise Products Partners L.P. presently has an average rating of “Buy” and an average target price of $31.97.

The company has a 50-day moving average price of $28.31 and a 200-day moving average price of $26.20. The company has a market cap of $56.08 billion and a PE ratio of 21.41.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.27 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. During the same period in the prior year, the company earned $0.34 earnings per share. The business’s quarterly revenue was down 20.8% on a year-over-year basis. Equities research analysts forecast that Enterprise Products Partners L.P. will post $1.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Friday, July 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.97%. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, July 27th.

Other hedge funds recently modified their holdings of the company. Stephens Inc. AR raised 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 in the last quarter. King Luther Capital Management Corp raised its position in 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 valued at $4,844,000 after buying an additional 3,914 shares in the last quarter. BlackRock Advisors LLC raised its position in 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 valued at $26,602,000 after buying an additional 2,790 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Enterprise Products Partners L.P. during the fourth quarter valued at about $1,252,000. Finally, Nicholas Co. Inc. WI acquired a new position in Enterprise Products Partners L.P. during the fourth quarter valued at about $8,953,000.

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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