Energy Transfer Partners LP (ETP) Shares Bought by Pinnacle Financial Partners Inc.

Pinnacle Financial Partners Inc. grew its stake in Energy Transfer Partners LP (NYSE:ETP) by 36.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,524 shares of the pipeline company’s stock after acquiring an additional 6,000 shares during the period. Pinnacle Financial Partners Inc.’s holdings in Energy Transfer Partners were worth $404,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cerebellum GP LLC bought a new position in Energy Transfer Partners in the 4th quarter worth about $127,000. Exane Derivatives grew its stake in Energy Transfer Partners by 15,645.8% in 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. Toronto Dominion Bank grew its stake in Energy Transfer Partners by 50.0% in the 2nd quarter. Toronto Dominion Bank now owns 8,250 shares of the pipeline company’s stock worth $168,000 after acquiring an additional 2,750 shares in the last quarter. B. Riley Financial Inc. bought a new position in Energy Transfer Partners in the 3rd quarter worth about $185,000. Finally, TD Asset Management Inc. bought a new position in Energy Transfer Partners in the 3rd quarter worth about $187,000. Institutional investors and hedge funds own 61.56% of the company’s stock.

Energy Transfer Partners LP (NYSE:ETP) opened at $19.01 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.61 and a current ratio of 0.84. Energy Transfer Partners LP has a one year low of $15.25 and a one year high of $26.69. The stock has a market cap of $21,896.61, a P/E ratio of 28.37 and a beta of 0.91.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Thursday, February 8th were given a dividend of $0.565 per share. The ex-dividend date was Wednesday, February 7th. This represents a $2.26 dividend on an annualized basis and a yield of 11.89%. Energy Transfer Partners’s payout ratio is 337.31%.

ETP has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Energy Transfer Partners from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, November 14th. Tudor Pickering upgraded shares of Energy Transfer Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, December 13th. US Capital Advisors downgraded shares of Energy Transfer Partners from an “overweight” rating to a “hold” rating in a research note on Thursday, January 4th. Stifel Nicolaus restated a “buy” rating and issued a $21.00 target price (down from $24.00) on shares of Energy Transfer Partners in a research note on Thursday, November 9th. Finally, Morgan Stanley dropped their target price on shares of Energy Transfer Partners from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, November 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $25.86.

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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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Institutional Ownership by Quarter for Energy Transfer Partners (NYSE:ETP)

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