MPI Investment Management Inc. acquired a new stake in Energy Transfer Partners LP (NYSE:ETP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,208 shares of the pipeline company’s stock, valued at approximately $595,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Legacy Advisors LLC boosted its stake in shares of Energy Transfer Partners by 26.3% in the fourth quarter. Legacy Advisors LLC now owns 12,000 shares of the pipeline company’s stock worth $215,000 after acquiring an additional 2,500 shares during the last quarter. Toronto Dominion Bank lifted its position in Energy Transfer Partners by 50.0% during the second quarter. Toronto Dominion Bank now owns 8,250 shares of the pipeline company’s stock worth $168,000 after buying an additional 2,750 shares in the last quarter. Regent Investment Management LLC raised its position in Energy Transfer Partners by 7.3% in the fourth quarter. Regent Investment Management LLC now owns 40,985 shares of the pipeline company’s stock valued at $735,000 after purchasing an additional 2,775 shares during the period. Moors & Cabot Inc. raised its position in Energy Transfer Partners by 2.2% in the third quarter. Moors & Cabot Inc. now owns 145,628 shares of the pipeline company’s stock valued at $2,653,000 after purchasing an additional 3,077 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in Energy Transfer Partners by 17.1% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 21,456 shares of the pipeline company’s stock valued at $392,000 after purchasing an additional 3,132 shares during the period. 61.56% of the stock is currently owned by institutional investors.
A number of research firms have commented on ETP. Zacks Investment Research downgraded Energy Transfer Partners from a “hold” rating to a “sell” rating in a research report on Monday. Bank of America started coverage on Energy Transfer Partners in a report on Tuesday, January 9th. They issued a “buy” rating on the stock. Credit Suisse Group started coverage on Energy Transfer Partners in a research note on Thursday, January 4th. They set an “outperform” rating and a $20.00 target price for the company. US Capital Advisors cut Energy Transfer Partners from an “overweight” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Tudor Pickering raised Energy Transfer Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $25.86.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Thursday, February 8th were paid a dividend of $0.565 per share. This represents a $2.26 dividend on an annualized basis and a dividend yield of 12.03%. The ex-dividend date was Wednesday, February 7th. Energy Transfer Partners’s dividend payout ratio (DPR) is 376.67%.
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Energy Transfer 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.
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