Investment House LLC reduced its position in shares of Energy Transfer Partners L.P. (NYSE:ETP) by 35.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,395 shares of the company’s stock after selling 16,300 shares during the period. Investment House LLC’s holdings in Energy Transfer Partners L.P. were worth $1,119,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can acquired a new position in Energy Transfer Partners L.P. during the second quarter worth $323,094,000. ING Groep NV raised its position in Energy Transfer Partners L.P. by 118.8% in the first quarter. ING Groep NV now owns 12,947,182 shares of the company’s stock worth $418,453,000 after buying an additional 7,028,486 shares during the period. Harvest Fund Advisors LLC raised its position in Energy Transfer Partners L.P. by 10.2% in the first quarter. Harvest Fund Advisors LLC now owns 18,010,298 shares of the company’s stock worth $582,453,000 after buying an additional 1,671,010 shares during the period. Omega Advisors Inc. acquired a new position in Energy Transfer Partners L.P. during the first quarter worth $43,874,000. Finally, Wexford Capital LP raised its position in Energy Transfer Partners L.P. by 49.5% in the first quarter. Wexford Capital LP now owns 704,465 shares of the company’s stock worth $22,782,000 after buying an additional 233,135 shares during the period. 58.98% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Partners L.P. (NYSE:ETP) traded up 2.20% during mid-day trading on Wednesday, hitting $38.04. The company had a trading volume of 2,438,405 shares. Energy Transfer Partners L.P. has a 52-week low of $18.62 and a 52-week high of $47.53. The company has a 50-day moving average price of $40.06 and a 200 day moving average price of $36.49. The company’s market capitalization is $19.91 billion.

Energy Transfer Partners L.P. (NYSE:ETP) last issued its earnings results on Friday, August 5th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Energy Transfer Partners L.P. had a return on equity of 5.52% and a net margin of 5.15%. The business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter last year, the company earned $0.67 EPS. The business’s quarterly revenue was down 54.2% on a year-over-year basis. On average, analysts forecast that Energy Transfer Partners L.P. will post $0.89 EPS for the current fiscal year.

A number of research analysts recently weighed in on ETP shares. Jefferies Group raised their target price on shares of Energy Transfer Partners L.P. from $46.00 to $47.00 and gave the company a “buy” rating in a report on Monday, July 25th. Vetr lowered shares of Energy Transfer Partners L.P. from a “buy” rating to a “hold” rating and set a $38.50 price objective for the company. in a research note on Tuesday, June 14th. Morgan Stanley started coverage on shares of Energy Transfer Partners L.P. in a research note on Monday, August 15th. They set an “equal weight” rating and a $48.00 price objective for the company. Deutsche Bank AG lifted their price objective on shares of Energy Transfer Partners L.P. from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, July 7th. Finally, Barclays PLC lifted their price objective on shares of Energy Transfer Partners L.P. from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, August 5th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Energy Transfer Partners L.P. has a consensus rating of “Buy” and an average target price of $44.94.

About Energy Transfer Partners L.P.

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