Bank of New York Mellon Corp lowered its position in Energy Transfer Partners L.P. (NYSE:ETP) by 7.6% during the second quarter, Holdings Channel reports. The fund owned 157,094 shares of the company’s stock after selling 12,962 shares during the period. Bank of New York Mellon Corp’s holdings in Energy Transfer Partners L.P. were worth $5,980,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of ETP. Kistler Tiffany Companies LLC increased its position in shares of Energy Transfer Partners L.P. by 0.4% in the second quarter. Kistler Tiffany Companies LLC now owns 5,650 shares of the company’s stock worth $215,000 after buying an additional 22 shares during the last quarter. American Research & Management Co. increased its position in Energy Transfer Partners L.P. by 1.2% in the second quarter. American Research & Management Co. now owns 6,439 shares of the company’s stock valued at $245,000 after buying an additional 75 shares in the last quarter. Ken Stern & Associates Inc. increased its position in Energy Transfer Partners L.P. by 1.9% in the second quarter. Ken Stern & Associates Inc. now owns 7,098 shares of the company’s stock valued at $270,000 after buying an additional 130 shares in the last quarter. First Manhattan Co. increased its position in Energy Transfer Partners L.P. by 0.6% in the first quarter. First Manhattan Co. now owns 25,627 shares of the company’s stock valued at $828,000 after buying an additional 146 shares in the last quarter. Finally, Adirondack Trust Co. increased its position in Energy Transfer Partners L.P. by 3.8% in the second quarter. Adirondack Trust Co. now owns 4,081 shares of the company’s stock valued at $155,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Shares of Energy Transfer Partners L.P. (NYSE:ETP) traded up 0.66% on Thursday, reaching $38.29. 1,954,535 shares of the company were exchanged. Energy Transfer Partners L.P. has a 12-month low of $18.62 and a 12-month high of $47.53. The firm’s market capitalization is $20.05 billion. The stock’s 50-day moving average is $40.06 and its 200 day moving average is $36.49.

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

Several equities analysts have commented on ETP shares. Vetr upgraded shares of Energy Transfer Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $40.68 price objective on the stock in a report on Monday, May 30th. Barclays PLC upped 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 report on Tuesday, May 31st. Deutsche Bank AG upped their price objective on shares of 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. Zacks Investment Research downgraded shares of Energy Transfer Partners L.P. from a “hold” rating to a “sell” rating in a report on Monday, July 11th. Finally, Jefferies Group upped their price objective 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. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $44.94.

About Energy Transfer Partners L.P.

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