Trade Report: Today, BMO Capital Markets lowers the Stock rating of Energy Transfer Partners L.P. (ETP)

Today, BMO Capital Markets lowers the Stock rating of Energy Transfer Partners L.P. (ETP)

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

ETP has been the topic of several other reports. Credit Suisse Group AG increased their price target on Energy Transfer Partners L.P. from $38.13 to $38.33 and gave the stock a top pick rating in a research report on Monday, November 14th. Barclays PLC increased their price target on Energy Transfer Partners L.P. from $48.00 to $50.00 and gave the stock an overweight rating in a research report on Friday, August 5th. Mizuho initiated coverage on Energy Transfer Partners L.P. in a research report on Thursday, September 29th. They set a buy rating and a $45.00 price target on the stock. Wolfe Research initiated coverage on Energy Transfer Partners L.P. in a research report on Friday, October 7th. They set a hold rating and a $38.00 price target on the stock. Finally, Zacks Investment Research raised Energy Transfer Partners L.P. from a strong sell rating to a hold rating in a research report on Monday, October 17th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Energy Transfer Partners L.P. presently has a consensus rating of Buy and a consensus price target of $42.06.

Shares of Energy Transfer Partners L.P. (NYSE:ETP) opened at 33.87 on Wednesday. The company has a 50 day moving average price of $36.06 and a 200-day moving average price of $37.95. Energy Transfer Partners L.P. has a 52-week low of $18.62 and a 52-week high of $43.50. The stock’s market capitalization is $18.38 billion.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, November 7th were paid a $1.055 dividend. This represents a $4.22 dividend on an annualized basis and a yield of 12.46%. The ex-dividend date of this dividend was Thursday, November 3rd. Energy Transfer Partners L.P.’s dividend payout ratio (DPR) is -345.90%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETP. M&R Capital Management Inc. acquired a new position in Energy Transfer Partners L.P. during the second quarter worth $106,000. Oakworth Capital Inc. raised its stake 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 during the last quarter. CENTRAL TRUST Co raised its stake 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 during the last quarter. Joel Isaacson & Co. LLC raised its stake 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 during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake 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 during the last quarter. 59.40% of the stock is currently owned by institutional investors and hedge funds.

About Energy Transfer Partners L.P.

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