Legacy Advisors LLC Buys Shares of 17,750 Energy Transfer Partners LP (ETP)
Legacy Advisors LLC bought a new position in Energy Transfer Partners LP (NYSE:ETP) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 17,750 shares of the pipeline company’s stock, valued at approximately $361,000.
A number of other institutional investors also recently made changes to their positions in ETP. KCG Holdings Inc. bought a new position in Energy Transfer Partners in the 1st quarter worth $386,000. Public Employees Retirement System of Ohio bought a new stake in Energy Transfer Partners during the first quarter valued at about $855,000. Neville Rodie & Shaw Inc. raised its holdings in Energy Transfer Partners by 55.3% during the second quarter. Neville Rodie & Shaw Inc. now owns 20,451 shares of the pipeline company’s stock valued at $417,000 after acquiring an additional 7,283 shares during the period. Cordasco Financial Network raised its holdings in Energy Transfer Partners by 9,484.0% during the second quarter. Cordasco Financial Network now owns 10,159 shares of the pipeline company’s stock valued at $207,000 after acquiring an additional 10,053 shares during the period. Finally, Capital One National Association bought a new stake in Energy Transfer Partners during the second quarter valued at about $214,000. 58.37% of the stock is currently owned by institutional investors.
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A number of equities research analysts have commented on ETP shares. ValuEngine cut Energy Transfer Partners from a “hold” rating to a “sell” rating in a report on Friday, September 1st. BMO Capital Markets set a $26.00 target price on Energy Transfer Partners and gave the stock a “hold” rating in a report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) cut Energy Transfer Partners from a “buy” rating to a “neutral” rating and set a $20.00 target price on the stock. in a report on Tuesday, October 17th. Zacks Investment Research cut Energy Transfer Partners from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $28.00 target price on shares of Energy Transfer Partners in a report on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $27.49.
In other Energy Transfer Partners news, CEO Kelcy L. Warren acquired 1,000,000 shares of Energy Transfer Partners stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average price of $18.65 per share, with a total value of $18,650,000.00. Following the completion of the purchase, the chief executive officer now directly owns 2,031,646 shares of the company’s stock, valued at approximately $37,890,197.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.74% of the company’s stock.
Energy Transfer Partners LP (NYSE ETP) traded down $0.22 during trading on Monday, hitting $17.29. 1,815,227 shares of the stock traded hands, compared to its average volume of 6,861,825. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 1.09. Energy Transfer Partners LP has a 1 year low of $16.06 and a 1 year high of $27.99. The company has a market capitalization of $19,286.11, a P/E ratio of 35.02 and a beta of 1.01.
Energy Transfer Partners (NYSE:ETP) last posted its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.21). Energy Transfer Partners had a net margin of 4.44% and a negative return on equity of 0.97%. The company had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the prior year, the firm posted $0.10 EPS. The business’s revenue was up 24.3% on a year-over-year basis. research analysts expect that Energy Transfer Partners LP will post 0.52 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th will be paid a $0.565 dividend. This is an increase from Energy Transfer Partners’s previous quarterly dividend of $0.55. The ex-dividend date is Monday, November 6th. This represents a $2.26 dividend on an annualized basis and a yield of 13.07%. Energy Transfer Partners’s payout ratio is 440.00%.
About Energy Transfer Partners
Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.
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