Energy Transfer Partners L.P. (NYSE:ETP) had its price target hoisted by equities research analysts at Credit Suisse Group AG from $38.13 to $38.33 in a research report issued on Monday. The brokerage presently has a “top pick” rating on the stock. Credit Suisse Group AG’s price target points to a potential downside of 0.78% from the company’s current price.

ETP has been the subject of several other reports. Robert W. Baird raised shares of Energy Transfer Partners L.P. from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $25.00 to $45.00 in a research note on Monday, September 26th. Zacks Investment Research downgraded shares of Energy Transfer Partners L.P. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 5th. Wolfe Research assumed coverage on shares of Energy Transfer Partners L.P. in a research note on Friday, October 7th. They issued a “hold” rating and a $38.00 price target for the company. Mizuho assumed coverage on shares of Energy Transfer Partners L.P. in a research note on Thursday, September 29th. They issued a “buy” rating and a $45.00 price target for the company. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of Energy Transfer Partners L.P. in a research note on Sunday, September 25th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Energy Transfer Partners L.P. currently has an average rating of “Buy” and a consensus price target of $43.95.

Analyst Recommendations for Energy Transfer Partners L.P. (NYSE:ETP)

Energy Transfer Partners L.P. (NYSE:ETP) opened at 38.63 on Monday. The firm’s 50 day moving average is $36.09 and its 200 day moving average is $37.72. Energy Transfer Partners L.P. has a 52-week low of $18.62 and a 52-week high of $43.50. The company’s market cap is $20.96 billion.

Energy Transfer Partners L.P. (NYSE:ETP) last issued its quarterly earnings data on Wednesday, November 9th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of $0.28 by $0.77. The firm had revenue of $5.53 billion for the quarter. Energy Transfer Partners L.P. had a net margin of 3.79% and a return on equity of 5.39%. The company’s revenue was down 16.2% on a year-over-year basis. During the same period last year, the business posted $0.10 earnings per share. Analysts forecast that Energy Transfer Partners L.P. will post $0.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, November 7th were issued a $1.055 dividend. This represents a $4.22 annualized dividend and a yield of 10.92%. The ex-dividend date was Thursday, November 3rd. Energy Transfer Partners L.P.’s dividend payout ratio is currently -345.90%.

Large investors have recently modified their holdings of the company. Harvest Fund Advisors LLC boosted its stake in shares of 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 in the last quarter. Kayne Anderson Capital Advisors LP increased 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 last quarter. Tortoise Capital Advisors L.L.C. increased 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 last quarter. Morgan Stanley increased 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 last quarter. Finally, Atlantic Trust Group LLC increased 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 last quarter. Institutional investors own 59.11% of the company’s stock.

About Energy Transfer Partners L.P.

5 Day Chart for NYSE:ETP

Receive News & Stock Ratings for Energy Transfer Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer Partners L.P. and related stocks with our FREE daily email newsletter.