Energy Transfer Partners L.P. (NYSE:ETP) shares saw unusually-strong trading volume on Wednesday . Approximately 2,865,792 shares traded hands during mid-day trading, a decline of 18% from the previous session’s volume of 3,475,793 shares.The stock last traded at $38.29 and had previously closed at $38.68.

A number of equities analysts recently issued reports on ETP shares. Vetr downgraded Energy Transfer Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $40.68 price target for the company. in a report on Monday, May 23rd. Goldman Sachs Group Inc. raised Energy Transfer Partners L.P. from a “neutral” rating to a “buy” rating and increased their price objective for the company from $33.00 to $40.00 in a report on Friday, May 20th. Zacks Investment Research raised Energy Transfer Partners L.P. from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, April 26th. Jefferies Group decreased their price objective on Energy Transfer Partners L.P. from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, March 22nd. Finally, Deutsche Bank AG increased their price objective on Energy Transfer Partners L.P. from $44.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Energy Transfer Partners L.P. currently has an average rating of “Hold” and a consensus price target of $41.97.

The stock has a 50-day moving average of $38.06 and a 200-day moving average of $32.32. The firm’s market capitalization is $19.80 billion.

Energy Transfer Partners L.P. (NYSE:ETP) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.41. The business earned $4.48 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter in the previous year, the company earned ($0.09) EPS. The firm’s revenue was down 56.6% compared to the same quarter last year. On average, equities analysts expect that Energy Transfer Partners L.P. will post $0.65 EPS for the current fiscal year.

Several hedge funds and institutional investors have recently modified their holdings of the company. Homrich & Berg raised its position in shares of Energy Transfer Partners L.P. by 116.4% in the fourth quarter. Homrich & Berg now owns 34,867 shares of the company’s stock valued at $1,176,000 after buying an additional 18,753 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of Energy Transfer Partners L.P. by 152.5% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 46,694 shares of the company’s stock valued at $1,575,000 after buying an additional 28,200 shares during the last quarter. Agran Libbie raised its position in shares of Energy Transfer Partners L.P. by 8,885.0% in the fourth quarter. Agran Libbie now owns 6,239,377 shares of the company’s stock valued at $2,105,000 after buying an additional 6,169,935 shares during the last quarter. Penserra Capital Management LLC purchased a new position in shares of Energy Transfer Partners L.P. during the fourth quarter valued at approximately $2,294,000. Finally, Azimuth Capital Management LLC raised its position in shares of Energy Transfer Partners L.P. by 78.1% in the fourth quarter. Azimuth Capital Management LLC now owns 83,725 shares of the company’s stock valued at $2,824,000 after buying an additional 36,703 shares during the last quarter.

Energy Transfer Partners, L.P. is a master limited partnership. The Company’s operating segments include Intrastate Transportation and Storage segment; Interstate Transportation and Storage segment; Midstream segment; Liquids Transportation and Services segment; Investment in Sunoco Logistics segment; Retail Marketing segment and All Other segment.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.