Investors purchased shares of Enterprise Products Partners L.P. (NYSE:EPD) on weakness during trading hours 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 stocks 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

A number of analysts have commented on the stock. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Enterprise Products Partners L.P. in a research note on Friday, July 29th. Royal Bank Of Canada reaffirmed 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. Vetr raised shares of 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 research report on Monday, June 27th. Howard Weil started 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 price target for the company. Finally, Morgan Stanley lowered shares of Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $33.00 to $30.00 in a research report on Thursday. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $31.97.

The stock has a 50 day moving average of $28.31 and a 200 day moving average of $26.20. The company has a market cap of $56.08 billion and a price-to-earnings 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 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The company earned $5.62 billion during the quarter, compared to analyst estimates of $5.62 billion. The business’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. Analysts expect that Enterprise Products Partners L.P. will post $1.27 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 5th. Investors of record on Friday, July 29th were given a $0.40 dividend. 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. This represents a $1.60 annualized dividend and a dividend yield of 5.97%.

Other institutional investors have modified their holdings of the company. Venturi Wealth Management LLC acquired a new position in shares of Enterprise Products Partners L.P. during the fourth quarter valued at about $1,252,000. 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 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 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 valued at $4,844,000 after buying an additional 3,914 shares in the last quarter. Jennison Associates LLC raised its position in shares of 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 in the last quarter. Finally, Nicholas Co. Inc. WI acquired a new position in shares of 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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