Deutsche Bank AG grew its position in Energy Transfer Partners LP (NYSE:ETP) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,136,428 shares of the pipeline company’s stock after buying an additional 847,407 shares during the quarter. Deutsche Bank AG’s holdings in Energy Transfer Partners were worth $199,562,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of Energy Transfer Partners by 9,517.3% in the 3rd quarter. SG Americas Securities LLC now owns 2,659,844 shares of the pipeline company’s stock worth $48,649,000 after buying an additional 2,632,187 shares during the period. Sei Investments Co. lifted its holdings in shares of Energy Transfer Partners by 7,819.9% in the 3rd quarter. Sei Investments Co. now owns 37,778 shares of the pipeline company’s stock worth $691,000 after buying an additional 37,301 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Energy Transfer Partners in the 3rd quarter worth $4,708,000. Starfire Investment Advisers Inc. purchased a new stake in shares of Energy Transfer Partners in the 4th quarter worth $2,223,000. Finally, Delphi Financial Group Inc. lifted its holdings in shares of Energy Transfer Partners by 32.0% in the 3rd quarter. Delphi Financial Group Inc. now owns 2,640,029 shares of the pipeline company’s stock worth $48,365,000 after buying an additional 640,000 shares during the period. Institutional investors and hedge funds own 64.30% of the company’s stock.
Several brokerages have weighed in on ETP. ValuEngine cut Energy Transfer Partners from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Robert W. Baird set a $22.00 target price on Energy Transfer Partners and gave the stock a “buy” rating in a report on Tuesday, February 27th. Stifel Nicolaus set a $27.00 price objective on Energy Transfer Partners and gave the stock a “buy” rating in a research note on Friday, February 23rd. Zacks Investment Research cut Energy Transfer Partners from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. Finally, Bank of America began coverage on Energy Transfer Partners in a research note on Tuesday, January 9th. They set a “buy” rating for the company. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $25.86.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Thursday, February 8th were given a dividend of $0.565 per share. This represents a $2.26 annualized dividend and a yield of 12.70%. The ex-dividend date was Wednesday, February 7th. Energy Transfer Partners’s dividend payout ratio is currently 237.90%.
About Energy Transfer Partners
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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