Michael K. Grimm Buys 4,600 Shares of Energy Transfer Partners LP (ETP) Stock

Energy Transfer Partners LP (NYSE:ETP) Director Michael K. Grimm purchased 4,600 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was acquired at an average cost of $17.06 per share, for a total transaction of $78,476.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Energy Transfer Partners LP (NYSE:ETP) traded up $0.17 during trading hours on Tuesday, hitting $16.55. The company had a trading volume of 7,518,649 shares, compared to its average volume of 8,349,254. The stock has a market cap of $19,753.49, a P/E ratio of 17.42, a P/E/G ratio of 1.00 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.71 and a debt-to-equity ratio of 1.00. Energy Transfer Partners LP has a 1-year low of $15.06 and a 1-year high of $24.71.

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Several large investors have recently made changes to their positions in ETP. State Street Corp raised its holdings in shares of Energy Transfer Partners by 57.4% during the 2nd quarter. State Street Corp now owns 139,937 shares of the pipeline company’s stock valued at $2,854,000 after buying an additional 51,004 shares during the period. Sei Investments Co. increased its holdings in Energy Transfer Partners by 7,819.9% during the 3rd quarter. Sei Investments Co. now owns 37,778 shares of the pipeline company’s stock worth $691,000 after purchasing an additional 37,301 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Energy Transfer Partners by 19.7% during the 3rd quarter. CIBC Asset Management Inc now owns 39,160 shares of the pipeline company’s stock worth $716,000 after purchasing an additional 6,443 shares during the last quarter. Comerica Bank purchased a new stake in Energy Transfer Partners during the 3rd quarter worth approximately $312,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Energy Transfer Partners by 15.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 750,500 shares of the pipeline company’s stock worth $13,727,000 after purchasing an additional 100,000 shares during the last quarter. Institutional investors and hedge funds own 64.24% of the company’s stock.

Several equities analysts have recently weighed in on the company. Mizuho reaffirmed a “buy” rating on shares of Energy Transfer Partners in a research note on Monday. ValuEngine lowered Energy Transfer Partners from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Robert W. Baird set a $22.00 price objective on Energy Transfer Partners and gave the company a “buy” rating in a research note on Tuesday, February 27th. Credit Suisse Group assumed coverage on Energy Transfer Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Bank of America assumed coverage on Energy Transfer Partners in a research note on Tuesday, January 9th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $25.86.

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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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