Today, Energy Transfer Partners L.P. (ETP) Upgrade at Vetr Inc.

Today, Energy Transfer Partners L.P. (ETP) Upgrade at Vetr Inc.

Energy Transfer Partners L.P. (NYSE:ETP) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday. The firm currently has a $41.75 price objective on the stock. Vetr‘s price target would suggest a potential upside of 16.49% from the company’s previous close.

A number of other brokerages have also recently issued reports on ETP. Credit Suisse Group AG lifted their target price on Energy Transfer Partners L.P. from $38.13 to $38.33 and gave the stock a “top pick” rating in a report on Monday, November 14th. Barclays PLC lifted their target price on Energy Transfer Partners L.P. from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, August 5th. Mizuho started coverage on Energy Transfer Partners L.P. in a report on Thursday, September 29th. They issued a “buy” rating and a $45.00 target price on the stock. Wolfe Research started coverage on Energy Transfer Partners L.P. in a report on Friday, October 7th. They issued a “hold” rating and a $38.00 target price on the stock. Finally, Zacks Investment Research upgraded Energy Transfer Partners L.P. from a “strong sell” rating to a “hold” rating in a report on Monday, October 17th. Nine investment 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 company. The stock has an average rating of “Buy” and an average target price of $42.06.

Energy Transfer Partners L.P. (NYSE:ETP) traded down 1.8976% during trading on Monday, hitting $35.1599. The stock had a trading volume of 867,563 shares. Energy Transfer Partners L.P. has a 1-year low of $18.62 and a 1-year high of $43.50. The firm’s 50 day moving average is $36.17 and its 200 day moving average is $37.91. The firm’s market cap is $19.08 billion.

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

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

Institutional investors have recently bought and sold shares of the company. M&R Capital Management Inc. acquired a new position in Energy Transfer Partners L.P. during the second quarter valued at $106,000. Oakworth Capital Inc. boosted its position in 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 valued at $109,000 after buying an additional 507 shares in the last quarter. CENTRAL TRUST Co boosted its position in 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 valued at $110,000 after buying an additional 347 shares in the last quarter. Joel Isaacson & Co. LLC boosted its position in 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 valued at $111,000 after buying an additional 1,390 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in 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 valued at $111,000 after buying an additional 2,000 shares in the last quarter. 59.94% of the stock is owned by institutional investors and hedge funds.

About Energy Transfer Partners L.P.

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