Energy Transfer Partners L.P. (NYSE:ETP)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Credit Suisse Group AG in a note issued to investors on Wednesday. They presently have a $50.00 price objective on the stock. Credit Suisse Group AG’s price objective would suggest a potential upside of 49.52% from the company’s previous close.

A number of other equities research analysts also recently issued reports on ETP. Jefferies Group reissued a “buy” rating on shares of Energy Transfer Partners L.P. in a research report on Thursday, August 4th. Stifel Nicolaus raised Energy Transfer Partners L.P. from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Friday, August 5th. Barclays PLC upped their target price on Energy Transfer Partners L.P. from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. TheStreet raised Energy Transfer Partners L.P. from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. Finally, S&P Equity Research set a $43.00 target price on Energy Transfer Partners L.P. and gave the stock a “hold” rating in a research report on Saturday, August 6th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $42.75.

Analyst Recommendations for Energy Transfer Partners L.P. (NYSE:ETP)

Energy Transfer Partners L.P. (NYSE:ETP) traded up 4.28% on Wednesday, reaching $34.87. The company had a trading volume of 3,813,343 shares. The stock has a 50 day moving average of $36.06 and a 200 day moving average of $37.95. Energy Transfer Partners L.P. has a 12 month low of $18.62 and a 12 month high of $43.50. The firm’s market capitalization is $18.92 billion.

Energy Transfer Partners L.P. (NYSE:ETP) last posted its quarterly earnings results on Wednesday, November 9th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.77. Energy Transfer Partners L.P. had a net margin of 3.79% and a return on equity of 5.39%. The firm had revenue of $5.53 billion for the quarter. During the same period in the previous year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was down 16.2% compared to the same quarter last year. On average, analysts anticipate that Energy Transfer Partners L.P. will post $0.76 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, November 7th were given a dividend of $1.055 per share. This represents a $4.22 dividend on an annualized basis and a dividend yield of 12.62%. The ex-dividend date of this dividend was Thursday, November 3rd. Energy Transfer Partners L.P.’s payout ratio is -345.90%.

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Several hedge funds have recently made changes to their positions in ETP. M&R Capital Management Inc. bought a new stake in shares of Energy Transfer Partners L.P. during the second quarter worth $106,000. CENTRAL TRUST Co boosted its stake in shares of Energy Transfer Partners L.P. by 13.6% in the second quarter. CENTRAL TRUST Co now owns 2,890 shares of the company’s stock worth $110,000 after buying an additional 347 shares during the last quarter. Joel Isaacson & Co. LLC boosted its stake in shares of Energy Transfer Partners L.P. by 90.9% in the second quarter. Joel Isaacson & Co. LLC now owns 2,919 shares of the company’s stock worth $111,000 after buying an additional 1,390 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Energy Transfer Partners L.P. by 200.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 3,000 shares of the company’s stock worth $111,000 after buying an additional 2,000 shares during the last quarter. Finally, Oakworth Capital Inc. boosted its stake in shares of Energy Transfer Partners L.P. by 20.3% in the second quarter. Oakworth Capital Inc. now owns 3,007 shares of the company’s stock worth $109,000 after buying an additional 507 shares during the last quarter. Institutional investors and hedge funds own 59.40% of the company’s stock.

Energy Transfer Partners L.P. Company Profile

5 Day Chart for NYSE:ETP

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