Duff & Phelps Investment Management Co. boosted its stake in shares of Energy Transfer Partners L.P. (NYSE:ETP) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,659,692 shares of the company’s stock after buying an additional 35,000 shares during the period. Duff & Phelps Investment Management Co. owned about 0.32% of Energy Transfer Partners L.P. worth $63,184,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ETP. Bank of Montreal Can purchased a new stake in Energy Transfer Partners L.P. during the second quarter valued at about $323,094,000. Harvest Fund Advisors LLC increased its stake in Energy Transfer Partners L.P. by 10.2% in the first quarter. Harvest Fund Advisors LLC now owns 18,010,298 shares of the company’s stock valued at $582,453,000 after buying an additional 1,671,010 shares during the period. Omega Advisors Inc. purchased a new stake in Energy Transfer Partners L.P. during the first quarter valued at about $43,874,000. Peconic Partners LLC purchased a new stake in Energy Transfer Partners L.P. during the first quarter valued at about $7,428,000. Finally, Delphi Financial Group Inc. increased its stake in Energy Transfer Partners L.P. by 11.5% in the second quarter. Delphi Financial Group Inc. now owns 1,371,955 shares of the company’s stock valued at $52,230,000 after buying an additional 141,300 shares during the period. Institutional investors and hedge funds own 58.99% of the company’s stock.

Institutional Ownership by Quarter for Energy Transfer Partners L.P. (NYSE:ETP)

Shares of Energy Transfer Partners L.P. (NYSE:ETP) traded up 0.47% during midday trading on Wednesday, hitting $36.61. The stock had a trading volume of 2,419,346 shares. The stock’s market cap is $19.17 billion. Energy Transfer Partners L.P. has a 1-year low of $18.62 and a 1-year high of $47.53. The firm’s 50-day moving average price is $37.60 and its 200-day moving average price is $37.49.

Energy Transfer Partners L.P. (NYSE:ETP) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The company earned $5.29 billion during the quarter, compared to analyst estimates of $5.71 billion. Energy Transfer Partners L.P. had a return on equity of 5.52% and a net margin of 5.15%. The firm’s quarterly revenue was down 54.2% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share. Analysts forecast that Energy Transfer Partners L.P. will post $0.87 earnings per share for the current year.

A number of analysts have recently weighed in on ETP shares. Jefferies Group upped their target price on Energy Transfer Partners L.P. from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, July 25th. Wolfe Research started coverage on Energy Transfer Partners L.P. in a research report on Friday, October 7th. They set a “hold” rating and a $38.00 target price for the company. Morgan Stanley started coverage on Energy Transfer Partners L.P. in a research report on Monday, August 15th. They set an “equal weight” rating and a $48.00 target price for the company. Deutsche Bank AG upped their target price on Energy Transfer Partners L.P. from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, July 7th. Finally, Barclays PLC upped their target price on Energy Transfer Partners L.P. from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, August 5th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $45.85.

Energy Transfer Partners L.P. Company Profile

5 Day Chart for NYSE:ETP

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