Energy Transfer Partners LP (ETP) CFO Thomas E. Long Acquires 10,000 Shares

Energy Transfer Partners LP (NYSE:ETP) CFO Thomas E. Long purchased 10,000 shares of the stock in a transaction dated Friday, September 14th. The stock was acquired at an average cost of $22.33 per share, with a total value of $223,300.00. Following the transaction, the chief financial officer now directly owns 174,625 shares in the company, valued at approximately $3,899,376.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NYSE ETP opened at $22.05 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.99 and a quick ratio of 0.80. Energy Transfer Partners LP has a 52 week low of $15.06 and a 52 week high of $24.38. The company has a market cap of $26.50 billion, a P/E ratio of 30.63, a PEG ratio of 1.68 and a beta of 1.28.

Several research analysts recently commented on ETP shares. ValuEngine upgraded shares of Energy Transfer Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $27.00 price objective (up previously from $24.00) on shares of Energy Transfer Partners in a research note on Friday, August 10th. Wolfe Research upgraded shares of Energy Transfer Partners from a “market perform” rating to an “outperform” rating in a research note on Friday, August 3rd. Morgan Stanley reiterated an “equal weight” rating and set a $27.00 price objective (up previously from $22.00) on shares of Energy Transfer Partners in a research note on Friday, August 3rd. Finally, US Capital Advisors upgraded shares of Energy Transfer Partners from a “hold” rating to an “overweight” rating and set a $26.00 price objective for the company in a research note on Friday, August 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $24.00.

A number of institutional investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its stake in shares of Energy Transfer Partners by 36.7% during the first quarter. SG Americas Securities LLC now owns 33,921 shares of the pipeline company’s stock valued at $550,000 after acquiring an additional 9,111 shares during the period. Kayne Anderson Capital Advisors LP increased its holdings in Energy Transfer Partners by 2.0% in the first quarter. Kayne Anderson Capital Advisors LP now owns 34,311,750 shares of the pipeline company’s stock valued at $556,518,000 after purchasing an additional 657,243 shares during the last quarter. Synovus Financial Corp bought a new stake in Energy Transfer Partners in the first quarter valued at about $162,000. Private Advisor Group LLC increased its holdings in Energy Transfer Partners by 144.5% in the first quarter. Private Advisor Group LLC now owns 71,922 shares of the pipeline company’s stock valued at $1,167,000 after purchasing an additional 42,508 shares during the last quarter. Finally, Marathon Trading Investment Management LLC bought a new stake in Energy Transfer Partners in the first quarter valued at about $824,000. Institutional investors and hedge funds own 61.47% of the company’s stock.

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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