Energy Transfer Partners (NYSE:ETP) – US Capital Advisors cut their Q2 2018 earnings estimates for shares of Energy Transfer Partners in a research note issued on Tuesday, April 17th. US Capital Advisors analyst B. Followill now expects that the pipeline company will post earnings of $0.10 per share for the quarter, down from their previous forecast of $0.14. US Capital Advisors currently has a “Hold” rating on the stock. US Capital Advisors also issued estimates for Energy Transfer Partners’ FY2018 earnings at $0.50 EPS and FY2020 earnings at $1.02 EPS.
Energy Transfer Partners (NYSE:ETP) last issued its quarterly earnings results on Wednesday, February 21st. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.08. Energy Transfer Partners had a net margin of 6.54% and a return on equity of 6.43%. The company had revenue of $8.61 billion during the quarter, compared to analyst estimates of $8.07 billion.
Other equities research analysts have also issued research reports about the stock. Mizuho set a $25.00 price target on shares of Energy Transfer Partners and gave the stock a “buy” rating in a research note on Wednesday, April 11th. Robert W. Baird set a $21.00 price objective on shares of Energy Transfer Partners and gave the stock a “buy” rating in a report on Friday, April 6th. Bank of America cut their price objective on shares of Energy Transfer Partners from $26.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, March 27th. Stifel Nicolaus set a $27.00 price objective on shares of Energy Transfer Partners and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Zacks Investment Research raised shares of Energy Transfer Partners from a “sell” rating to a “hold” rating in a report on Monday, January 29th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $24.40.
Shares of ETP stock opened at $18.09 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.93 and a debt-to-equity ratio of 1.00. Energy Transfer Partners has a 12-month low of $15.06 and a 12-month high of $24.35. The company has a market cap of $21,150.32, a PE ratio of 25.13, a P/E/G ratio of 1.03 and a beta of 0.97.
A number of large investors have recently made changes to their positions in ETP. State Street Corp boosted its holdings in Energy Transfer Partners by 57.4% in the 2nd quarter. State Street Corp now owns 139,937 shares of the pipeline company’s stock valued at $2,854,000 after purchasing an additional 51,004 shares during the period. Ameriprise Financial Inc. boosted its holdings in Energy Transfer Partners by 13.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 206,853 shares of the pipeline company’s stock valued at $3,783,000 after purchasing an additional 24,141 shares during the period. Allianz Asset Management GmbH boosted its holdings in 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 valued at $4,758,000 after purchasing an additional 164,885 shares during the period. Atlantic Trust Group LLC boosted its holdings in 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 period. Finally, Chickasaw Capital Management LLC boosted its holdings in 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 period. 64.30% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Michael K. Grimm purchased 4,600 shares of the business’s stock in a transaction on Friday, March 16th. The stock was purchased at an average cost of $17.06 per share, with a total value of $78,476.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.17% of the stock is owned by company insiders.
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Energy Transfer Partners Company Profile
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company's Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas through connections with other pipeline systems, as well as through its ET Fuel System and HPL System.
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