Whalerock Point Partners LLC bought a new position in shares of Energy Transfer Partners LP (NYSE:ETP) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 11,000 shares of the pipeline company’s stock, valued at approximately $197,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Toronto Dominion Bank boosted its position in shares of Energy Transfer Partners by 50.0% during the 2nd quarter. Toronto Dominion Bank now owns 8,250 shares of the pipeline company’s stock worth $168,000 after purchasing an additional 2,750 shares in the last quarter. B. Riley Financial Inc. purchased a new stake in shares of Energy Transfer Partners during the 3rd quarter worth $185,000. TD Asset Management Inc. purchased a new stake in shares of Energy Transfer Partners during the 3rd quarter worth $187,000. Yellowstone Partners LLC purchased a new stake in shares of Energy Transfer Partners during the 3rd quarter worth $189,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Energy Transfer Partners during the 3rd quarter worth $191,000. Institutional investors own 62.17% of the company’s stock.
Several equities research analysts have commented on the stock. Bank of America assumed coverage on shares of Energy Transfer Partners in a research report on Tuesday, January 9th. They set a “buy” rating on the stock. Robert W. Baird restated a “buy” rating and set a $29.00 target price on shares of Energy Transfer Partners in a research report on Tuesday, September 26th. US Capital Advisors lowered shares of Energy Transfer Partners from an “overweight” rating to a “hold” rating in a research report on Thursday, January 4th. Credit Suisse Group assumed coverage on shares of Energy Transfer Partners in a research report on Thursday, January 4th. They set an “outperform” rating and a $20.00 target price on the stock. Finally, BMO Capital Markets set a $26.00 target price on shares of Energy Transfer Partners and gave the stock a “hold” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $25.86.
Energy Transfer Partners (NYSE:ETP) last released its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $7.31 billion. Energy Transfer Partners had a net margin of 4.97% and a return on equity of 5.88%. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.49) EPS. analysts anticipate that Energy Transfer Partners LP will post 0.66 earnings per share for the current fiscal year.
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Energy Transfer Partners Profile
Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.
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