D.A. Davidson & CO. reduced its stake in shares of Energy Transfer Partners (NYSE:ETP) by 19.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,046 shares of the pipeline company’s stock after selling 8,724 shares during the period. D.A. Davidson & CO.’s holdings in Energy Transfer Partners were worth $601,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new position in shares of Energy Transfer Partners during the 4th quarter valued at $127,000. Exane Derivatives grew its holdings in shares of Energy Transfer Partners by 15,645.8% during the 4th quarter. Exane Derivatives now owns 7,558 shares of the pipeline company’s stock valued at $135,000 after acquiring an additional 7,510 shares in the last quarter. SWS Partners purchased a new position in shares of Energy Transfer Partners during the 4th quarter valued at $145,000. Captrust Financial Advisors purchased a new position in shares of Energy Transfer Partners during the 4th quarter valued at $152,000. Finally, Summit Securities Group LLC purchased a new position in shares of Energy Transfer Partners during the 1st quarter valued at $164,000. Institutional investors and hedge funds own 63.92% of the company’s stock.
Shares of NYSE:ETP opened at $19.02 on Friday. The firm has a market capitalization of $21.97 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. Energy Transfer Partners has a 1 year low of $18.76 and a 1 year high of $18.99. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.92 and a quick ratio of 0.70.
Energy Transfer Partners (NYSE:ETP) last issued its quarterly earnings data on Wednesday, May 9th. The pipeline company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.11). Energy Transfer Partners had a return on equity of 7.22% and a net margin of 8.24%. The business had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $8.84 billion. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. equities analysts anticipate that Energy Transfer Partners will post 1.31 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Monday, May 7th were issued a dividend of $0.565 per share. This represents a $2.26 dividend on an annualized basis and a yield of 11.88%. The ex-dividend date of this dividend was Friday, May 4th. Energy Transfer Partners’s dividend payout ratio (DPR) is 313.89%.
In other news, Director Michael K. Grimm purchased 4,600 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was bought at an average cost of $17.06 per share, for a total transaction of $78,476.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Energy Transfer Partners from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Mizuho set a $25.00 price target on shares of Energy Transfer Partners and gave the company a “buy” rating in a report on Wednesday, April 11th. Robert W. Baird set a $21.00 price target on shares of Energy Transfer Partners and gave the company a “buy” rating in a report on Friday, April 6th. ValuEngine cut shares of Energy Transfer Partners from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, Bank of America lowered their price target on shares of Energy Transfer Partners from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, March 27th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Energy Transfer Partners presently has an average rating of “Hold” and a consensus target price of $24.40.
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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