Bank of New York Mellon Corp decreased its stake in Energy Transfer Partners (NYSE:ETP) by 22.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,712 shares of the pipeline company’s stock after selling 55,840 shares during the period. Bank of New York Mellon Corp’s holdings in Energy Transfer Partners were worth $3,364,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new position in shares of Energy Transfer Partners in the 3rd quarter valued at $4,708,000. Starfire Investment Advisers Inc. acquired a new position in shares of Energy Transfer Partners in the 4th quarter valued at $2,223,000. Syntal Capital Partners LLC acquired a new position in shares of Energy Transfer Partners in the 4th quarter valued at $322,000. California Public Employees Retirement System boosted its holdings in shares of Energy Transfer Partners by 20.2% in the 4th quarter. California Public Employees Retirement System now owns 2,427,669 shares of the pipeline company’s stock valued at $43,504,000 after buying an additional 408,357 shares in the last quarter. Finally, Montag A & Associates Inc. acquired a new position in shares of Energy Transfer Partners in the 4th quarter valued at $183,000. Institutional investors and hedge funds own 64.30% of the company’s stock.
Several research analysts have recently issued reports on ETP shares. Zacks Investment Research cut shares of Energy Transfer Partners from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. US Capital Advisors cut shares of Energy Transfer Partners from an “overweight” rating to a “hold” rating in a report on Thursday, January 4th. Bank of America started coverage on shares of Energy Transfer Partners in a research report on Tuesday, January 9th. They issued a “buy” rating for the company. Stifel Nicolaus set a $27.00 price target on shares of Energy Transfer Partners and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Credit Suisse Group started coverage on shares of Energy Transfer Partners in a research report on Thursday, January 4th. They issued an “outperform” rating and a $20.00 price target for the company. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.40.
Shares of Energy Transfer Partners stock opened at $18.09 on Friday. The firm has a market cap of $21,068.84, a price-to-earnings ratio of 25.13, a PEG ratio of 1.03 and a beta of 0.97. The company has a quick ratio of 0.71, a current ratio of 0.93 and a debt-to-equity ratio of 1.00. Energy Transfer Partners has a one year low of $15.06 and a one year high of $24.35.
Energy Transfer Partners (NYSE:ETP) last announced its quarterly earnings data on Wednesday, February 21st. The pipeline company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.08. The company had revenue of $8.61 billion during the quarter, compared to the consensus estimate of $8.07 billion. Energy Transfer Partners had a net margin of 6.54% and a return on equity of 6.43%. equities research analysts forecast that Energy Transfer Partners will post 1.21 earnings per share for the current year.
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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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