Energy Transfer Partners LP (ETP) Holdings Raised by LPL Financial LLC

LPL Financial LLC raised its position in Energy Transfer Partners LP (NYSE:ETP) by 14.4% during the fourth quarter, Holdings Channel reports. The firm owned 272,855 shares of the pipeline company’s stock after buying an additional 34,279 shares during the quarter. LPL Financial LLC’s holdings in Energy Transfer Partners were worth $4,890,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Alps Advisors Inc. increased its position in shares of Energy Transfer Partners by 12.2% in the 4th quarter. Alps Advisors Inc. now owns 59,550,445 shares of the pipeline company’s stock valued at $1,067,144,000 after purchasing an additional 6,485,765 shares during the last quarter. Atlantic Trust Group LLC increased its position in shares of Energy Transfer Partners by 28.3% in the 3rd quarter. Atlantic Trust Group LLC now owns 22,926,399 shares of the pipeline company’s stock valued at $419,325,000 after purchasing an additional 5,054,227 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Energy Transfer Partners by 5.6% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,522,516 shares of the pipeline company’s stock valued at $229,037,000 after purchasing an additional 663,166 shares during the last quarter. Deutsche Bank AG increased its position in shares of Energy Transfer Partners by 8.2% in the 4th quarter. Deutsche Bank AG now owns 11,136,428 shares of the pipeline company’s stock valued at $199,562,000 after purchasing an additional 847,407 shares during the last quarter. Finally, Chickasaw Capital Management LLC increased its position in shares of Energy Transfer Partners by 0.6% in the 4th quarter. Chickasaw Capital Management LLC now owns 9,330,569 shares of the pipeline company’s stock valued at $167,204,000 after purchasing an additional 54,273 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

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A number of equities research analysts have commented on ETP shares. Robert W. Baird set a $22.00 price objective on shares of Energy Transfer Partners and gave the company a “buy” rating in a research report on Tuesday, February 27th. Stifel Nicolaus set a $27.00 target price on shares of Energy Transfer Partners and gave the company a “buy” rating in a report on Friday, February 23rd. Bank of America assumed coverage on shares of Energy Transfer Partners in a report on Tuesday, January 9th. They issued a “buy” rating for the company. Tudor Pickering upgraded shares of Energy Transfer Partners from a “hold” rating to a “buy” rating in a report on Wednesday, December 13th. Finally, Mizuho restated a “buy” rating on shares of Energy Transfer Partners in a report on Monday, March 19th. 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 assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $25.86.

Shares of Energy Transfer Partners LP (NYSE:ETP) opened at $16.16 on Monday. The firm has a market cap of $18,810.63, a price-to-earnings ratio of 21.84, a P/E/G ratio of 0.91 and a beta of 0.93. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.71 and a current ratio of 0.93. Energy Transfer Partners LP has a 52 week low of $15.06 and a 52 week high of $24.71.

In other Energy Transfer Partners news, Director Michael K. Grimm purchased 4,600 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was purchased at an average price 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 through the SEC website. 3.74% of the stock is 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.

Want to see what other hedge funds are holding ETP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Transfer Partners LP (NYSE:ETP).

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

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