Sunoco Logistics Partners LP (NYSE:ETP) Shares Bought by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. grew its position in Sunoco Logistics Partners LP (NYSE:ETP) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,126,539 shares of the pipeline company’s stock after acquiring an additional 25,000 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.37% of Sunoco Logistics Partners worth $75,474,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Alps Advisors Inc. grew its holdings in Sunoco Logistics Partners by 57.9% during the 2nd quarter. Alps Advisors Inc. now owns 47,476,301 shares of the pipeline company’s stock worth $968,042,000 after acquiring an additional 17,412,412 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its holdings in Sunoco Logistics Partners by 154.3% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 43,337,625 shares of the pipeline company’s stock worth $883,654,000 after acquiring an additional 26,293,140 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its position in shares of Sunoco Logistics Partners by 97.6% during the second quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock valued at $842,685,000 after buying an additional 20,414,761 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Sunoco Logistics Partners by 95.5% during the second quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock valued at $479,265,000 after buying an additional 11,483,706 shares during the last quarter. Finally, Atlantic Trust Group LLC lifted its position in shares of Sunoco Logistics Partners by 46.3% during the second quarter. Atlantic Trust Group LLC now owns 17,872,172 shares of the pipeline company’s stock valued at $364,413,000 after buying an additional 5,657,463 shares during the last quarter. 58.37% of the stock is currently owned by institutional investors and hedge funds.



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In related news, CEO Kelcy L. Warren acquired 1,000,000 shares of Sunoco Logistics Partners stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average cost of $18.65 per share, for a total transaction of $18,650,000.00. Following the acquisition, the chief executive officer now owns 2,031,646 shares in the company, valued at $37,890,197.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is currently owned by insiders.

Shares of Sunoco Logistics Partners LP (ETP) opened at $19.40 on Friday. Sunoco Logistics Partners LP has a one year low of $18.88 and a one year high of $19.76. The company has a current ratio of 0.84, a quick ratio of 0.55 and a debt-to-equity ratio of 1.09. The stock has a market cap of $19,030.99, a price-to-earnings ratio of 24.58 and a beta of 1.01.

Sunoco Logistics Partners (NYSE:ETP) last announced its earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.11. The company had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $7.31 billion. Sunoco Logistics Partners had a net margin of 4.97% and a return on equity of 5.88%. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.49) EPS. sell-side analysts forecast that Sunoco Logistics Partners LP will post 0.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th will be issued a $0.565 dividend. This is a positive change from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. This represents a $2.26 annualized dividend and a yield of 11.65%. The ex-dividend date is Monday, November 6th. Sunoco Logistics Partners’s payout ratio is 337.31%.

ETP has been the subject of several analyst reports. Robert W. Baird reissued a “buy” rating and set a $29.00 price target on shares of Sunoco Logistics Partners in a research report on Tuesday, September 26th. Stifel Nicolaus reissued a “buy” rating and set a $24.00 price target on shares of Sunoco Logistics Partners in a research report on Friday, September 22nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Sunoco Logistics Partners in a research report on Wednesday, September 6th. Scotiabank set a $28.00 price objective on shares of Sunoco Logistics Partners and gave the company a “buy” rating in a research report on Friday, July 21st. Finally, Citigroup Inc. decreased their price objective on shares of Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $27.37.

About Sunoco Logistics 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 Sunoco Logistics Partners (NYSE:ETP)

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