Wolfe Research started coverage on shares of Energy Transfer Partners L.P. (NYSE:ETP) in a research note issued to investors on Friday morning. The brokerage issued a hold rating and a $38.00 price objective on the stock.

ETP has been the topic of a number of other research reports. Robert W. Baird upgraded shares of Energy Transfer Partners L.P. from a neutral rating to an outperform rating and increased their price target for the company from $25.00 to $45.00 in a report on Monday, September 26th. Zacks Investment Research cut shares of Energy Transfer Partners L.P. from a hold rating to a strong sell rating in a report on Wednesday, October 5th. Mizuho initiated coverage on shares of Energy Transfer Partners L.P. in a report on Thursday, September 29th. They set a buy rating and a $45.00 price target on the stock. Wells Fargo & Co. reiterated a buy rating on shares of Energy Transfer Partners L.P. in a report on Sunday, September 25th. Finally, TheStreet cut shares of Energy Transfer Partners L.P. from a buy rating to a hold rating in a report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $45.85.

Shares of Energy Transfer Partners L.P. (NYSE:ETP) traded up 2.272% during midday trading on Friday, reaching $36.685. 1,649,311 shares of the company’s stock were exchanged. Energy Transfer Partners L.P. has a one year low of $18.62 and a one year high of $47.53. The firm has a 50 day moving average of $38.44 and a 200-day moving average of $37.14. The stock’s market cap is $19.21 billion.

Energy Transfer Partners L.P. (NYSE:ETP) last announced its earnings results on Friday, August 5th. The company reported $0.10 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.10. Energy Transfer Partners L.P. had a net margin of 5.15% and a return on equity of 5.52%. The business earned $5.29 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter last year, the firm earned $0.67 earnings per share. The business’s revenue for the quarter was down 54.2% on a year-over-year basis. On average, equities research analysts anticipate that Energy Transfer Partners L.P. will post $0.87 earnings per share for the current year.

Several large investors have recently bought and sold shares of the stock. Kistler Tiffany Companies LLC raised its position in Energy Transfer Partners L.P. by 0.4% in the second quarter. Kistler Tiffany Companies LLC now owns 5,650 shares of the company’s stock valued at $215,000 after buying an additional 22 shares during the period. American Research & Management Co. raised its position in Energy Transfer Partners L.P. by 1.2% in the second quarter. American Research & Management Co. now owns 6,439 shares of the company’s stock valued at $245,000 after buying an additional 75 shares during the period. Hemenway Trust Co LLC raised its position in Energy Transfer Partners L.P. by 0.9% in the second quarter. Hemenway Trust Co LLC now owns 9,055 shares of the company’s stock valued at $345,000 after buying an additional 80 shares during the period. Ken Stern & Associates Inc. raised its position in Energy Transfer Partners L.P. by 1.9% in the second quarter. Ken Stern & Associates Inc. now owns 7,098 shares of the company’s stock valued at $270,000 after buying an additional 130 shares during the period. Finally, Camelot Portfolios LLC raised its position in Energy Transfer Partners L.P. by 0.8% in the second quarter. Camelot Portfolios LLC now owns 18,647 shares of the company’s stock valued at $710,000 after buying an additional 149 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

Energy Transfer Partners L.P. Company Profile

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