Colonial Trust Advisors Takes $251,000 Position in Energy Transfer Partners LP (ETP)

Colonial Trust Advisors purchased a new stake in Energy Transfer Partners LP (NYSE:ETP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,025 shares of the pipeline company’s stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Legacy Advisors LLC boosted its holdings in Energy Transfer Partners by 26.3% in the fourth quarter. Legacy Advisors LLC now owns 12,000 shares of the pipeline company’s stock valued at $215,000 after purchasing an additional 2,500 shares during the last quarter. Regent Investment Management LLC lifted its holdings in Energy Transfer Partners by 7.3% during the 4th quarter. Regent Investment Management LLC now owns 40,985 shares of the pipeline company’s stock worth $735,000 after buying an additional 2,775 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in Energy Transfer Partners by 28.6% during the 4th quarter. Belpointe Asset Management LLC now owns 13,395 shares of the pipeline company’s stock worth $240,000 after buying an additional 2,975 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in Energy Transfer Partners by 2.2% during the 3rd quarter. Moors & Cabot Inc. now owns 145,628 shares of the pipeline company’s stock worth $2,653,000 after buying an additional 3,077 shares during the last quarter. Finally, Comerica Bank lifted its holdings in Energy Transfer Partners by 19.6% during the 4th quarter. Comerica Bank now owns 21,593 shares of the pipeline company’s stock worth $439,000 after buying an additional 3,535 shares during the last quarter. 64.24% of the stock is owned by hedge funds and other institutional investors.

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Shares of ETP stock opened at $16.16 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.71 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $19,625.45, a P/E ratio of 17.01, a PEG ratio of 0.95 and a beta of 0.93. Energy Transfer Partners LP has a 1 year low of $15.06 and a 1 year high of $24.71.

A number of research analysts have commented on the company. Zacks Investment Research raised Energy Transfer Partners from a “sell” rating to a “hold” rating in a report on Monday, January 29th. Stifel Nicolaus set a $27.00 target price on Energy Transfer Partners and gave the stock a “buy” rating in a report on Friday, February 23rd. Bank of America assumed coverage on Energy Transfer Partners in a report on Tuesday, January 9th. They set a “buy” rating on the stock. US Capital Advisors downgraded Energy Transfer Partners from an “overweight” rating to a “hold” rating in a report on Thursday, January 4th. Finally, 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. Three analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Energy Transfer Partners presently has a consensus rating of “Buy” and an average target price of $25.86.

In related news, Director Michael K. Grimm purchased 4,600 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were acquired at an average cost of $17.06 per share, for a total transaction of $78,476.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Energy Transfer Partners (NYSE:ETP)

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