D.A. Davidson & CO. lowered its stake in shares of Energy Transfer Partners (NYSE:ETP) by 19.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 37,046 shares of the pipeline company’s stock after selling 8,724 shares during the period. D.A. Davidson & CO.’s holdings in Energy Transfer Partners were worth $601,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in ETP. Kayne Anderson Capital Advisors LP raised its position in Energy Transfer Partners by 2.0% in the first quarter. Kayne Anderson Capital Advisors LP now owns 34,311,750 shares of the pipeline company’s stock worth $556,518,000 after purchasing an additional 657,243 shares in the last quarter. Stephens Inc. AR raised its position in Energy Transfer Partners by 50.1% in the first quarter. Stephens Inc. AR now owns 700,400 shares of the pipeline company’s stock worth $11,360,000 after purchasing an additional 233,731 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its position in Energy Transfer Partners by 3.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 114,881 shares of the pipeline company’s stock worth $1,863,000 after purchasing an additional 4,163 shares in the last quarter. SG Americas Securities LLC raised its position in Energy Transfer Partners by 36.7% in the first quarter. SG Americas Securities LLC now owns 33,921 shares of the pipeline company’s stock worth $550,000 after purchasing an additional 9,111 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS acquired a new position in Energy Transfer Partners in the first quarter worth about $428,000. 63.92% of the stock is owned by institutional investors and hedge funds.
In related news, Director Michael K. Grimm purchased 4,600 shares of the firm’s stock in a transaction dated Friday, March 16th. The shares were acquired at an average cost of $17.06 per share, with a total value of $78,476.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.
ETP opened at $19.02 on Friday. Energy Transfer Partners has a one year low of $18.76 and a one year high of $18.99. The company has a current ratio of 0.92, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02. The company has a market cap of $21.97 billion, a PE ratio of 21.19, a P/E/G ratio of 1.04 and a beta of 0.96.
Energy Transfer Partners (NYSE:ETP) last released its quarterly earnings results on Wednesday, May 9th. The pipeline company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.11). Energy Transfer Partners had a net margin of 8.24% and a return on equity of 7.22%. The company had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.84 billion. During the same period last year, the company earned $0.03 earnings per share. Energy Transfer Partners’s revenue for the quarter was up 20.1% compared to the same quarter last year. equities analysts anticipate that Energy Transfer Partners will post 1.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, May 7th were paid a dividend of $0.565 per share. The ex-dividend date of this dividend was Friday, May 4th. This represents a $2.26 annualized dividend and a dividend yield of 11.88%. Energy Transfer Partners’s dividend payout ratio (DPR) is currently 313.89%.
Several research firms have recently weighed in on ETP. ValuEngine lowered shares of Energy Transfer Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Mizuho reaffirmed a “buy” rating on shares of Energy Transfer Partners in a report on Monday, March 19th. Robert W. Baird set a $21.00 price objective on shares of Energy Transfer Partners and gave the stock a “buy” rating in a report on Friday, April 6th. Bank of America dropped their price objective on shares of Energy Transfer Partners from $26.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, March 27th. Finally, Zacks Investment Research lowered shares of Energy Transfer Partners from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Three analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. Energy Transfer Partners presently has a consensus rating of “Hold” and a consensus price target of $24.40.
Energy Transfer Partners Profile
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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