Energy Transfer Partners L.P. (NYSE:ETP) posted its earnings results on Wednesday. The company reported ($0.49) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.77. Energy Transfer Partners L.P. had a net margin of 3.79% and a return on equity of 5.40%. The company earned $5.53 billion during the quarter. During the same quarter in the previous year, the company earned $0.10 EPS. The firm’s quarterly revenue was down 16.2% on a year-over-year basis.

Energy Transfer Partners L.P. (NYSE:ETP) opened at 37.63 on Friday. The stock’s market capitalization is $19.70 billion. Energy Transfer Partners L.P. has a 12 month low of $18.62 and a 12 month high of $43.50. The stock has a 50 day moving average price of $36.09 and a 200 day moving average price of $37.70.

Earnings History for Energy Transfer Partners L.P. (NYSE:ETP)

The business also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Stockholders of record on Monday, November 7th will be given a $1.055 dividend. This represents a $4.22 annualized dividend and a dividend yield of 11.21%. The ex-dividend date of this dividend is Thursday, November 3rd. Energy Transfer Partners L.P.’s dividend payout ratio (DPR) is presently -345.90%.

A number of research analysts have recently weighed in on ETP shares. Jefferies Group raised their target price on Energy Transfer Partners L.P. from $46.00 to $47.00 and gave the company a “buy” rating in a report on Monday, July 25th. Stifel Nicolaus upgraded Energy Transfer Partners L.P. from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Friday, August 5th. Barclays PLC raised their target price on Energy Transfer Partners L.P. from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, August 5th. TheStreet upgraded Energy Transfer Partners L.P. from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. Finally, 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. Seven investment 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 stock. Energy Transfer Partners L.P. has a consensus rating of “Buy” and an average price target of $45.11.

A number of institutional investors have recently added to or reduced their stakes in ETP. 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 period. 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 period. 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 period. 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 period. 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 period. 59.11% of the stock is currently owned by institutional investors and hedge funds.

About Energy Transfer Partners L.P.

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