Investors bought shares of Energy Transfer Partners LP (NYSE:ETP) on weakness during trading on Tuesday. $30.10 million flowed into the stock on the tick-up and $19.15 million flowed out of the stock on the tick-down, for a money net flow of $10.95 million into the stock. Of all stocks tracked, Energy Transfer Partners had the 11th highest net in-flow for the day. Energy Transfer Partners traded down ($0.05) for the day and closed at $21.74
A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Energy Transfer Partners from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday. ValuEngine upgraded shares of Energy Transfer Partners from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Wolfe Research upgraded shares of Energy Transfer Partners from a “market perform” rating to an “outperform” rating in a report on Friday, August 3rd. UBS Group lifted their price target on shares of Energy Transfer Partners from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $27.00 price target (up previously from $24.00) on shares of Energy Transfer Partners in a report on Friday, August 10th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $24.70.
The firm has a market capitalization of $25.96 billion, a P/E ratio of 30.17, a price-to-earnings-growth ratio of 1.65 and a beta of 1.28. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.80 and a current ratio of 0.99.
Energy Transfer Partners (NYSE:ETP) last issued its quarterly earnings results on Wednesday, August 8th. The pipeline company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.12). The business had revenue of $9.41 billion for the quarter, compared to analyst estimates of $8.52 billion. Energy Transfer Partners had a return on equity of 8.00% and a net margin of 8.24%. On average, equities research analysts expect that Energy Transfer Partners LP will post 0.97 earnings per share for the current fiscal year.
In other news, CFO Thomas E. Long bought 10,000 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was acquired at an average price of $22.33 per share, with a total value of $223,300.00. Following the completion of the purchase, the chief financial officer now directly owns 174,625 shares of the company’s stock, valued at $3,899,376.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kelcy L. Warren bought 366,446 shares of the stock in a transaction that occurred on Friday, September 7th. The shares were purchased at an average cost of $22.11 per share, with a total value of $8,102,121.06. The disclosure for this purchase can be found here. Insiders have purchased 2,010,000 shares of company stock valued at $45,080,386 in the last three months. 3.74% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ETP. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Energy Transfer Partners during the second quarter worth $240,750,000. Alps Advisors Inc. raised its stake in Energy Transfer Partners by 18.8% during the second quarter. Alps Advisors Inc. now owns 59,550,445 shares of the pipeline company’s stock worth $1,067,144,000 after buying an additional 9,440,341 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in Energy Transfer Partners by 6.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 41,992,731 shares of the pipeline company’s stock worth $799,542,000 after buying an additional 2,468,036 shares during the last quarter. Bank of Montreal Can raised its stake in Energy Transfer Partners by 32.4% during the third quarter. Bank of Montreal Can now owns 9,960,264 shares of the pipeline company’s stock worth $221,716,000 after buying an additional 2,435,931 shares during the last quarter. Finally, Chickasaw Capital Management LLC raised its stake in Energy Transfer Partners by 22.3% during the third quarter. Chickasaw Capital Management LLC now owns 11,858,623 shares of the pipeline company’s stock worth $263,973,000 after buying an additional 2,160,044 shares during the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.
Energy Transfer Partners Company Profile (NYSE:ETP)
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company's Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas through connections with other pipeline systems, as well as through its ET Fuel System and HPL System.
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