Todays Report: Today, Energy Transfer Partners L.P. (ETP) Cut to “Market Perform” at BMO Capital Markets

Today, Energy Transfer Partners L.P. (ETP) Cut to “Market Perform” at BMO Capital Markets

BMO Capital Markets cut shares of Energy Transfer Partners L.P. (NYSE:ETP) from an outperform rating to a market perform rating in a report issued on Wednesday morning.

Several other equities analysts have also issued reports on the company. Credit Suisse Group AG set a $52.00 target price on Energy Transfer Partners L.P. and gave the company a buy rating in a report on Saturday, August 6th. S&P Equity Research set a $43.00 target price on Energy Transfer Partners L.P. and gave the company a hold rating in a report on Saturday, August 6th. Morgan Stanley initiated coverage on Energy Transfer Partners L.P. in a report on Monday, August 15th. They issued an equal weight rating and a $48.00 target price for the company. Jefferies Group reaffirmed a buy rating on shares of Energy Transfer Partners L.P. in a report on Thursday, August 4th. Finally, Sanford C. Bernstein raised Energy Transfer Partners L.P. from a market perform rating to an outperform rating in a report on Monday, November 7th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Energy Transfer Partners L.P. has an average rating of Buy and a consensus price target of $42.06.

Energy Transfer Partners L.P. (NYSE:ETP) opened at 35.34 on Wednesday. The company’s 50-day moving average price is $36.11 and its 200 day moving average price is $37.92. The firm’s market capitalization is $19.18 billion. Energy Transfer Partners L.P. has a 12 month low of $18.62 and a 12 month high of $43.50.

Energy Transfer Partners L.P. (NYSE:ETP) last issued its quarterly earnings data on Wednesday, November 9th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.77. The company 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 business’s quarterly revenue was down 16.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 earnings per share. On average, equities research analysts predict that Energy Transfer Partners L.P. will post $0.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, November 7th were issued a $1.055 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $4.22 annualized dividend and a dividend yield of 11.94%. Energy Transfer Partners L.P.’s payout ratio is currently -345.90%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harvest Fund Advisors LLC boosted its position in 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 last quarter. Kayne Anderson Capital Advisors LP boosted its position in Energy Transfer Partners L.P. by 2.8% in the third quarter. Kayne Anderson Capital Advisors LP now owns 21,060,814 shares of the company’s stock valued at $779,234,000 after buying an additional 564,019 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in Energy Transfer Partners L.P. by 3.0% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 18,155,153 shares of the company’s stock valued at $691,167,000 after buying an additional 532,711 shares during the last quarter. Morgan Stanley boosted its position in 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 last quarter. Finally, Atlantic Trust Group LLC boosted its position in Energy Transfer Partners L.P. by 13.5% in the second quarter. Atlantic Trust Group LLC now owns 11,576,450 shares of the company’s stock valued at $440,714,000 after buying an additional 1,374,073 shares during the last quarter. 59.40% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Transfer Partners L.P.

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