Enterprise Products Partners L.P. (NYSE:EPD)’s share price shot up 3.2% during mid-day trading on Monday . The company traded as high as $27.07 and last traded at $26.84, with a volume of 3,883,774 shares. The stock had previously closed at $26.01.

A number of brokerages have issued reports on EPD. Credit Suisse Group AG upgraded Enterprise Products Partners L.P. from a “neutral” rating to an “outperform” rating and set a $34.00 price target on the stock in a research report on Monday. Evercore ISI started coverage on Enterprise Products Partners L.P. in a report on Thursday. They set a “buy” rating and a $30.00 target price for the company. Vetr raised Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $29.70 target price for the company in a report on Tuesday, September 13th. Wunderlich reduced their target price on Enterprise Products Partners L.P. from $33.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, August 31st. Finally, Morgan Stanley cut Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $33.00 to $30.00 in a report on Thursday, August 18th. Three research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.85.

The stock’s 50-day moving average price is $27.11 and its 200-day moving average price is $26.76. The company has a market capitalization of $55.93 billion, a PE ratio of 21.36 and a beta of 0.92.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its 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. Enterprise Products Partners L.P. had a net margin of 11.06% and a return on equity of 12.45%. The company earned $5.62 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the previous year, the company posted $0.34 EPS. Enterprise Products Partners L.P.’s quarterly revenue was down 20.8% compared to the same quarter last year. Equities research analysts anticipate that Enterprise Products Partners L.P. will post $1.25 EPS for the current year.

Large investors have recently bought and sold shares of the stock. Williams Jones & Associates LLC raised its stake in Enterprise Products Partners L.P. by 1.8% in the second quarter. Williams Jones & Associates LLC now owns 1,923,104 shares of the company’s stock worth $56,270,000 after buying an additional 33,925 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Enterprise Products Partners L.P. by 47.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 45,018 shares of the company’s stock valued at $1,318,000 after buying an additional 14,566 shares during the period. Cowen Group Inc. increased its position in shares of Enterprise Products Partners L.P. by 18.7% in the second quarter. Cowen Group Inc. now owns 49,280 shares of the company’s stock valued at $1,442,000 after buying an additional 7,755 shares during the period. Beach Investment Counsel Inc. PA increased its position in shares of Enterprise Products Partners L.P. by 8.0% in the second quarter. Beach Investment Counsel Inc. PA now owns 1,894,001 shares of the company’s stock valued at $55,418,000 after buying an additional 140,955 shares during the period. Finally, Beacon Trust Co. increased its position in shares of Enterprise Products Partners L.P. by 3.0% in the second quarter. Beacon Trust Co. now owns 15,272 shares of the company’s stock valued at $447,000 after buying an additional 440 shares during the period. 35.68% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners L.P. Company Profile

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.

5 Day Chart for NYSE:EPD

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