Energy Transfer Partners L.P. (NYSE:ETP) shares shot up 2.6% during mid-day trading on Tuesday . The company traded as high as $38.73 and last traded at $38.50, with a volume of 3,770,112 shares trading hands. The stock had previously closed at $37.54.

A number of brokerages recently issued reports on ETP. Sanford C. Bernstein began coverage on shares of Energy Transfer Partners L.P. in a research note on Wednesday, May 11th. They issued a “market perform” rating and a $39.00 price objective on the stock. Zacks Investment Research cut shares of Energy Transfer Partners L.P. from a “hold” rating to a “sell” rating in a research note on Monday, July 11th. Goldman Sachs Group Inc. lifted their price objective on shares of Energy Transfer Partners L.P. from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, May 12th. 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 on the stock. in a research note on Monday, May 23rd. Finally, Barclays PLC lifted their price objective on shares of Energy Transfer Partners L.P. from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. Energy Transfer Partners L.P. has an average rating of “Hold” and a consensus price target of $42.03.

The stock’s market cap is $19.97 billion. The stock’s 50-day moving average is $38.73 and its 200-day moving average is $33.20.

Energy Transfer Partners L.P. (NYSE:ETP) last posted its earnings results on Wednesday, May 4th. The company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.41. During the same quarter in the previous year, the business earned ($0.09) earnings per share. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $7.58 billion. The company’s revenue for the quarter was down 56.6% compared to the same quarter last year. Equities research analysts expect that Energy Transfer Partners L.P. will post $0.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 8th will be issued a dividend of $1.055 per share. This represents a $4.22 annualized dividend and a dividend yield of 10.96%. The ex-dividend date of this dividend is Thursday, August 4th.

Several institutional investors have added to or reduced their stakes in the stock. 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 in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake 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 boosted its stake 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. Airain ltd purchased a new stake in shares of Energy Transfer Partners L.P. during the fourth quarter valued at $4,329,000. Finally, First Trust Advisors LP boosted its stake in shares of Energy Transfer Partners L.P. by 44.1% in the fourth quarter. First Trust Advisors LP now owns 142,797 shares of the company’s stock valued at $4,817,000 after buying an additional 43,722 shares during the last quarter.

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