Today, Energy Transfer Partners L.P. (ETP) Rating Increased to Strong-Buy at Vetr Inc.

Today, Energy Transfer Partners L.P. (ETP) Rating Increased to Strong-Buy at Vetr Inc.
Vetr upgraded shares of Energy Transfer Partners L.P. (NYSE:ETP) from a buy rating to a strong-buy rating in a report published on Monday morning. They currently have $41.75 price objective on the stock.

Several other analysts also recently issued reports on the stock. Jefferies Group upped their price objective on shares of Energy Transfer Partners L.P. from $46.00 to $47.00 and gave the stock a buy rating in a report on Monday, July 25th. Wolfe Research started coverage on shares of Energy Transfer Partners L.P. in a report on Friday, October 7th. They set a hold rating and a $38.00 price objective for the company. Morgan Stanley assumed coverage on shares of Energy Transfer Partners L.P. in a report on Monday, August 15th. They set an equal weight rating and a $48.00 price objective for the company. TheStreet upgraded shares of Energy Transfer Partners L.P. from a hold rating to a buy rating in a research note on Thursday, August 4th. Finally, Barclays PLC upped their target price on shares of Energy Transfer Partners L.P. from $48.00 to $50.00 and gave the company an overweight rating in a research note on Friday, August 5th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Energy Transfer Partners L.P. presently has a consensus rating of Buy and an average price target of $42.06.

Energy Transfer Partners L.P. (NYSE:ETP) opened at 35.84 on Monday. Energy Transfer Partners L.P. has a 12-month low of $18.62 and a 12-month high of $43.50. The stock has a 50 day moving average of $36.17 and a 200 day moving average of $37.91. The firm’s market capitalization is $19.45 billion.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, November 7th were issued a dividend of $1.055 per share. This represents a $4.22 dividend on an annualized basis and a yield of 11.77%. The ex-dividend date was Thursday, November 3rd. Energy Transfer Partners L.P.’s dividend payout ratio is currently -345.90%.

A number of large investors have recently modified their holdings of the company. Bank of Montreal Can bought a new stake in shares of Energy Transfer Partners L.P. during the second quarter worth approximately $323,094,000. Harvest Fund Advisors LLC raised its position in shares of Energy Transfer Partners L.P. by 20.8% in the second quarter. Harvest Fund Advisors LLC now owns 21,761,655 shares of the company’s stock valued at $828,466,000 after buying an additional 3,751,357 shares during the period. Credit Suisse AG raised its position in shares of Energy Transfer Partners L.P. by 266.9% in the third quarter. Credit Suisse AG now owns 2,660,157 shares of the company’s stock valued at $98,427,000 after buying an additional 1,935,207 shares during the period. Morgan Stanley raised its position in shares of Energy Transfer Partners L.P. by 12.0% in the third quarter. Morgan Stanley now owns 17,832,374 shares of the company’s stock valued at $659,798,000 after buying an additional 1,909,286 shares during the period. Finally, Advisory Research Inc. raised its position in shares of Energy Transfer Partners L.P. by 32.3% in the second quarter. Advisory Research Inc. now owns 5,868,833 shares of the company’s stock valued at $223,426,000 after buying an additional 1,432,530 shares during the period. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Transfer Partners L.P.

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