Bank of America began coverage on shares of Energy Transfer Partners (NYSE:ETP) in a research report released on Tuesday, January 9th, The Fly reports. The brokerage issued a buy rating on the pipeline company’s stock.
ETP has been the topic of several other research reports. Tudor Pickering raised shares of Energy Transfer Partners from a hold rating to a buy rating in a report on Wednesday, December 13th. ValuEngine raised shares of Energy Transfer Partners from a sell rating to a hold rating in a report on Friday, December 1st. Robert W. Baird set a $28.00 target price on shares of Energy Transfer Partners and gave the stock a buy rating in a research report on Saturday, November 18th. BMO Capital Markets reiterated a hold rating and issued a $23.00 target price on shares of Energy Transfer Partners in a research report on Wednesday, October 18th. Finally, Morgan Stanley cut their target price on shares of Energy Transfer Partners from $25.00 to $23.00 and set an equal weight rating for the company in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Energy Transfer Partners presently has an average rating of Buy and an average target price of $25.86.
Energy Transfer Partners (ETP) opened at $20.12 on Tuesday. The stock has a market capitalization of $23,156.10 and a price-to-earnings ratio of 29.91. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 1.09. Energy Transfer Partners has a 12-month low of $15.25 and a 12-month high of $26.73.
Energy Transfer Partners (NYSE:ETP) last issued its earnings results on Tuesday, November 7th. The pipeline company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.11. The company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $7.31 billion. Energy Transfer Partners had a return on equity of 5.88% and a net margin of 4.97%. The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period last year, the business posted ($0.49) EPS. equities research analysts anticipate that Energy Transfer Partners will post 0.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Thursday, February 8th will be issued a dividend of $0.565 per share. This represents a $2.26 dividend on an annualized basis and a dividend yield of 11.23%. The ex-dividend date is Wednesday, February 7th. Energy Transfer Partners’s payout ratio is 337.31%.
Several large investors have recently bought and sold shares of the company. Kovack Advisors Inc. purchased a new stake in shares of Energy Transfer Partners during the fourth quarter valued at approximately $277,000. IFC Holdings Incorporated FL grew its holdings in shares of Energy Transfer Partners by 27.2% during the fourth quarter. IFC Holdings Incorporated FL now owns 19,549 shares of the pipeline company’s stock valued at $349,000 after buying an additional 4,178 shares during the last quarter. MAI Capital Management boosted its holdings in Energy Transfer Partners by 26.6% in the fourth quarter. MAI Capital Management now owns 159,181 shares of the pipeline company’s stock worth $2,853,000 after purchasing an additional 33,451 shares during the last quarter. IFG Advisory LLC purchased a new stake in Energy Transfer Partners in the fourth quarter worth approximately $556,000. Finally, Bollard Group LLC boosted its holdings in Energy Transfer Partners by 49.1% in the fourth quarter. Bollard Group LLC now owns 27,266 shares of the pipeline company’s stock worth $489,000 after purchasing an additional 8,977 shares during the last quarter. Hedge funds and other institutional investors own 61.78% of the company’s stock.
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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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