Todays Report: The Stifel Nicolaus Downgrade Energy Transfer Partners L.P. (ETP) to Hold

The Stifel Nicolaus Downgrade Energy Transfer Partners L.P. (ETP) to Hold

Stifel Nicolaus downgraded shares of Energy Transfer Partners L.P. (NYSE:ETP) from a buy rating to a hold rating in a report published on Tuesday. Stifel Nicolaus currently has $37.00 target price on the stock, down from their previous target price of $48.00. The analysts noted that the move was a valuation call.

A number of other equities analysts have also commented on ETP. Jefferies Group boosted their price objective on Energy Transfer Partners L.P. from $46.00 to $47.00 and gave the stock a buy rating in a research note on Monday, July 25th. Barclays PLC boosted their price objective on Energy Transfer Partners L.P. from $48.00 to $50.00 and gave the stock an overweight rating in a research note on Friday, August 5th. TheStreet raised Energy Transfer Partners L.P. from a hold rating to a buy rating in a research note on Thursday, August 4th. S&P Equity Research set a $43.00 price objective on Energy Transfer Partners L.P. and gave the stock a hold rating in a research note on Saturday, August 6th. Finally, Credit Suisse Group AG set a $52.00 price target on Energy Transfer Partners L.P. and gave the company a buy rating in a research note on Saturday, August 6th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Energy Transfer Partners L.P. presently has an average rating of Buy and an average target price of $42.06.

Energy Transfer Partners L.P. (NYSE:ETP) opened at 35.34 on Tuesday. The company has a 50-day moving average price of $36.11 and a 200-day moving average price of $37.92. 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 cap is $19.18 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 analysts’ consensus estimates of $0.28 by $0.77. The business 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%. The business’s quarterly revenue was down 16.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share. Analysts anticipate that Energy Transfer Partners L.P. will post $0.76 earnings per share for the current year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. M&R Capital Management Inc. purchased a new position in Energy Transfer Partners L.P. during the second quarter worth about $106,000. CENTRAL TRUST Co increased 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 worth $110,000 after buying an additional 347 shares during the last quarter. Joel Isaacson & Co. LLC increased 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 worth $111,000 after buying an additional 1,390 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased 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 worth $111,000 after buying an additional 2,000 shares during the last quarter. Finally, Oakworth Capital Inc. increased 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 worth $109,000 after buying an additional 507 shares during the last quarter. Institutional investors and hedge funds own 59.40% of the company’s stock.

Energy Transfer Partners L.P. Company Profile

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