Energy Transfer Partners (ETP) Stock Rating Upgraded by US Capital Advisors

Energy Transfer Partners (NYSE:ETP) was upgraded by investment analysts at US Capital Advisors from a “hold” rating to an “overweight” rating in a research note issued on Wednesday. US Capital Advisors also issued estimates for Energy Transfer Partners’ Q3 2018 earnings at $0.38 EPS and Q4 2018 earnings at $0.44 EPS.

A number of other analysts have also commented on the stock. Zacks Investment Research upgraded shares of Energy Transfer Partners from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday. UBS Group upped their target price on shares of Energy Transfer Partners from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $27.00 target price (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. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $27.00 target price (up previously from $22.00) on shares of Energy Transfer Partners in a research note on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.89.

Shares of ETP stock opened at $21.47 on Wednesday. The firm has a market cap of $25.96 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 1.65 and a beta of 1.28. 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 has a 12 month low of $15.06 and a 12 month high of $24.38.

Energy Transfer Partners (NYSE:ETP) last announced its quarterly earnings results on Wednesday, August 8th. The pipeline company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.12). The business had revenue of $9.41 billion for the quarter, compared to the consensus estimate of $8.52 billion. Energy Transfer Partners had a net margin of 8.24% and a return on equity of 8.00%. Analysts forecast that Energy Transfer Partners will post 0.97 EPS for the current year.

In other news, CEO Kelcy L. Warren bought 1,633,554 shares of Energy Transfer Partners stock in a transaction dated Monday, September 10th. The stock was purchased at an average price of $22.50 per share, for a total transaction of $36,754,965.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Thomas E. Long bought 10,000 shares of Energy Transfer Partners stock in a transaction dated Friday, September 14th. The stock was purchased at an average price of $22.33 per share, with a total value of $223,300.00. Following the purchase, the chief financial officer now owns 174,625 shares in the company, valued at $3,899,376.25. The disclosure for this purchase can be found here. In the last quarter, insiders bought 2,010,000 shares of company stock valued at $45,080,386. Company insiders own 3.74% of the company’s stock.

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its holdings in shares of Energy Transfer Partners by 15.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,823,400 shares of the pipeline company’s stock worth $34,718,000 after buying an additional 249,171 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Energy Transfer Partners by 1,155.3% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 10,231 shares of the pipeline company’s stock worth $195,000 after buying an additional 9,416 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Energy Transfer Partners by 3.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 503,370 shares of the pipeline company’s stock worth $9,584,000 after buying an additional 14,564 shares during the last quarter. Eagle Global Advisors LLC boosted its holdings in shares of Energy Transfer Partners by 41.2% in the 2nd quarter. Eagle Global Advisors LLC now owns 3,183,027 shares of the pipeline company’s stock worth $60,605,000 after buying an additional 928,129 shares during the last quarter. Finally, First Republic Investment Management Inc. purchased a new position in shares of Energy Transfer Partners in the 2nd quarter worth about $15,525,000. 61.41% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Energy Transfer Partners (NYSE:ETP)

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