Lake Street Advisors Group LLC Buys 38,950 Shares of Energy Transfer Partners LP (ETP)
Lake Street Advisors Group LLC increased its stake in shares of Energy Transfer Partners LP (NYSE:ETP) by 230.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,880 shares of the pipeline company’s stock after purchasing an additional 38,950 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Energy Transfer Partners were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of ETP. Quad Cities Investment Group LLC purchased a new stake in Energy Transfer Partners during the 2nd quarter worth about $100,000. Squar Milner Financial Services LLC purchased a new stake in Energy Transfer Partners during the 2nd quarter worth about $115,000. NuWave Investment Management LLC purchased a new stake in Energy Transfer Partners during the 2nd quarter worth about $144,000. IndexIQ Advisors LLC purchased a new stake in Energy Transfer Partners during the 2nd quarter worth about $146,000. Finally, Smithfield Trust Co. increased its position in Energy Transfer Partners by 72.6% during the 1st quarter. Smithfield Trust Co. now owns 9,350 shares of the pipeline company’s stock worth $152,000 after purchasing an additional 3,934 shares in the last quarter. Hedge funds and other institutional investors own 61.47% of the company’s stock.
ETP opened at $22.27 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.99 and a quick ratio of 0.80. The stock has a market capitalization of $26.50 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 1.68 and a beta of 1.28. Energy Transfer Partners LP has a 12 month low of $15.06 and a 12 month high of $24.38.
In other Energy Transfer Partners news, CEO Kelcy L. Warren purchased 1,633,554 shares of the stock in a transaction on Monday, September 10th. The stock was bought at an average price of $22.50 per share, for a total transaction of $36,754,965.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.17% of the stock is owned by insiders.
About Energy Transfer Partners
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company's Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas through connections with other pipeline systems, as well as through its ET Fuel System and HPL System.
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