Energy Transfer Partners L.P. (NYSE:ETP) shares shot up 4% during mid-day trading on Wednesday . The stock traded as high as $40.00 and last traded at $39.97, with a volume of 3,095,809 shares. The stock had previously closed at $38.44.

ETP has been the subject of several research reports. Stifel Nicolaus cut shares of Energy Transfer Partners L.P. from a “buy” rating to a “hold” rating in a report on Monday, April 4th. Vetr cut shares of Energy Transfer Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $40.68 price objective for the company. in a report on Monday, May 16th. Sanford C. Bernstein assumed coverage on shares of Energy Transfer Partners L.P. in a report on Wednesday, May 11th. They set a “market perform” rating and a $39.00 target price for the company. Goldman Sachs Group Inc. raised shares of Energy Transfer Partners L.P. from a “neutral” rating to a “buy” rating and upped their target price for the company from $33.00 to $40.00 in a report on Friday, May 20th. Finally, Barclays PLC upped their target price on shares of Energy Transfer Partners L.P. from $35.00 to $42.00 and gave the company an “overweight” rating in a report on Monday, April 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Energy Transfer Partners L.P. has an average rating of “Hold” and a consensus price target of $41.97.

The firm has a 50-day moving average price of $38.38 and a 200 day moving average price of $32.52. The company’s market capitalization is $20.73 billion.

Energy Transfer Partners L.P. (NYSE:ETP) last released its earnings results on Wednesday, May 4th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.41. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the previous year, the business earned ($0.09) EPS. The firm’s quarterly revenue was down 56.6% compared to the same quarter last year. Equities research analysts expect that Energy Transfer Partners L.P. will post $0.62 EPS for the current year.

A number of institutional investors have bought and sold shares of ETP. Airain ltd acquired a new position in Energy Transfer Partners L.P. during the fourth quarter worth about $4,329,000. Trust & Fiduciary Management Services Inc. purchased a new position in Energy Transfer Partners L.P. during the fourth quarter valued at $5,611,000. BNP Paribas Arbitrage SA raised its position in Energy Transfer Partners L.P. by 54.6% in the fourth quarter. BNP Paribas Arbitrage SA now owns 286,453 shares of the company’s stock valued at $9,662,000 after buying an additional 101,212 shares during the period. Jennison Associates LLC raised its position in Energy Transfer Partners L.P. by 28.8% in the fourth quarter. Jennison Associates LLC now owns 707,725 shares of the company’s stock valued at $23,872,000 after buying an additional 158,239 shares during the period. Finally, Homrich & Berg raised its position in 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 period.

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.

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