Lee Financial Co raised its stake in Energy Transfer Partners (NYSE:ETP) by 216.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 24,756 shares of the pipeline company’s stock after buying an additional 16,944 shares during the period. Lee Financial Co’s holdings in Energy Transfer Partners were worth $402,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Cerebellum GP LLC purchased a new position in shares of Energy Transfer Partners during the 4th quarter worth $127,000. Exane Derivatives lifted its stake in Energy Transfer Partners by 15,645.8% during the 4th quarter. Exane Derivatives now owns 7,558 shares of the pipeline company’s stock worth $135,000 after acquiring an additional 7,510 shares in the last quarter. SWS Partners acquired a new position in Energy Transfer Partners during the 4th quarter worth about $145,000. Captrust Financial Advisors acquired a new position in Energy Transfer Partners during the 4th quarter worth about $152,000. Finally, Synovus Financial Corp acquired a new position in Energy Transfer Partners during the 1st quarter worth about $162,000. Institutional investors own 64.09% of the company’s stock.
A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Energy Transfer Partners from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. Stifel Nicolaus set a $27.00 price target on Energy Transfer Partners and gave the company a “buy” rating in a research report on Friday, February 23rd. Robert W. Baird set a $22.00 price target on Energy Transfer Partners and gave the company a “buy” rating in a research report on Tuesday, February 27th. ValuEngine lowered Energy Transfer Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Finally, Mizuho set a $25.00 price target on Energy Transfer Partners and gave the company a “buy” rating in a research report on Wednesday, April 11th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $24.40.
Energy Transfer Partners opened at $19.27 on Wednesday, according to Marketbeat.com. Energy Transfer Partners has a one year low of $15.06 and a one year high of $23.72. The stock has a market capitalization of $22.51 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The company has a current ratio of 0.92, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02.
Energy Transfer Partners (NYSE:ETP) last released its quarterly earnings results on Wednesday, May 9th. The pipeline company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.11). The firm had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $8.84 billion. Energy Transfer Partners had a return on equity of 7.22% and a net margin of 8.24%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 EPS. research analysts expect that Energy Transfer Partners will post 1.31 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, May 7th were paid a dividend of $0.565 per share. The ex-dividend date of this dividend was Friday, May 4th. This represents a $2.26 dividend on an annualized basis and a yield of 11.73%. Energy Transfer Partners’s dividend payout ratio is presently 313.89%.
In other news, Director Michael K. Grimm purchased 4,600 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The shares were purchased at an average price of $17.06 per share, for a total transaction of $78,476.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.74% of the company’s stock.
Energy Transfer Partners 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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