Tiaa Fsb Takes Position in Sunoco Logistics Partners LP (NYSE:ETP)

TIAA FSB purchased a new stake in Sunoco Logistics Partners LP (NYSE:ETP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,385 shares of the pipeline company’s stock, valued at approximately $574,000.

Other hedge funds have also recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. lifted its position 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 buying an additional 26,293,140 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its position in Sunoco Logistics Partners by 97.6% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock worth $842,685,000 after buying an additional 20,414,761 shares in the last quarter. Alps Advisors Inc. lifted its position 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 buying an additional 17,412,412 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Sunoco Logistics Partners by 95.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock worth $479,265,000 after buying an additional 11,483,706 shares in the last quarter. Finally, Center Coast Capital Advisors LP lifted its position in Sunoco Logistics Partners by 251.1% during the 2nd quarter. Center Coast Capital Advisors LP now owns 14,375,138 shares of the pipeline company’s stock worth $293,109,000 after buying an additional 10,280,243 shares in the last quarter. 59.30% of the stock is owned by institutional investors.

ETP has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) lowered shares of Sunoco Logistics Partners from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a research note on Tuesday, October 17th. Robert W. Baird restated a “buy” rating and set a $29.00 price objective on shares of Sunoco Logistics Partners in a research note on Tuesday, September 26th. BMO Capital Markets set a $26.00 price objective on shares of Sunoco Logistics Partners and gave the stock a “hold” rating in a research note on Thursday, October 12th. Scotiabank set a $28.00 price target on shares of Sunoco Logistics Partners and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $28.00 price target on shares of Sunoco Logistics Partners in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $26.77.

Shares of Sunoco Logistics Partners LP (ETP) traded up $0.26 during trading hours on Tuesday, reaching $16.80. 16,634,400 shares of the company traded hands, compared to its average volume of 5,237,228. The company has a market cap of $19,410.00, a P/E ratio of 24.69 and a beta of 1.01. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.61 and a current ratio of 0.84. Sunoco Logistics Partners LP has a fifty-two week low of $16.06 and a fifty-two week high of $27.66.

Sunoco Logistics Partners (NYSE:ETP) last released its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.11. The firm had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $7.31 billion. Sunoco Logistics Partners had a net margin of 4.97% and a return on equity of 5.88%. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.49) earnings per share. equities analysts predict that Sunoco Logistics Partners LP will post 0.64 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th will be paid a dividend of $0.565 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $2.26 annualized dividend and a dividend yield of 13.45%. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. Sunoco Logistics Partners’s dividend payout ratio (DPR) is presently 376.67%.

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Sunoco Logistics Partners Company Profile

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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