Energy Transfer Partners (NYSE:ETP) has been given a $21.00 price objective by stock analysts at Robert W. Baird in a report released on Friday. The firm currently has a “buy” rating on the pipeline company’s stock. Robert W. Baird’s target price indicates a potential upside of 26.96% from the stock’s current price.
ETP has been the subject of a number of other reports. Bank of America assumed coverage on Energy Transfer Partners in a report on Tuesday, January 9th. They set a “buy” rating for the company. Stifel Nicolaus set a $27.00 price target on Energy Transfer Partners and gave the company a “buy” rating in a report on Friday, February 23rd. Credit Suisse Group assumed coverage on Energy Transfer Partners in a report on Thursday, January 4th. They set an “outperform” rating and a $20.00 price target for the company. Zacks Investment Research cut Energy Transfer Partners from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Finally, US Capital Advisors cut Energy Transfer Partners from an “overweight” rating to a “hold” rating in a report on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Energy Transfer Partners currently has an average rating of “Buy” and a consensus price target of $25.62.
ETP stock opened at $16.54 on Friday. Energy Transfer Partners has a fifty-two week low of $15.06 and a fifty-two week high of $24.64. The firm has a market cap of $19,497.40, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 0.94 and a beta of 0.97. The company has a quick ratio of 0.71, a current ratio of 0.93 and a debt-to-equity ratio of 1.00.
In other news, Director Michael K. Grimm acquired 4,600 shares of the firm’s stock in a transaction on Friday, March 16th. The shares were purchased at an average cost of $17.06 per share, for a total transaction of $78,476.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.17% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp boosted its position in shares of Energy Transfer Partners by 57.4% in the 2nd quarter. State Street Corp now owns 139,937 shares of the pipeline company’s stock worth $2,854,000 after purchasing an additional 51,004 shares during the last quarter. Sei Investments Co. boosted its position 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 purchasing an additional 37,301 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Energy Transfer Partners by 13.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 206,853 shares of the pipeline company’s stock worth $3,783,000 after purchasing an additional 24,141 shares during the last quarter. TD Asset Management Inc. bought a new position in shares of Energy Transfer Partners in the 3rd quarter worth $187,000. Finally, Allianz Asset Management GmbH boosted its position in shares of Energy Transfer Partners by 173.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 260,146 shares of the pipeline company’s stock worth $4,758,000 after purchasing an additional 164,885 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.
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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