Shares of Energy Transfer Partners L.P. (NYSE:ETP) saw unusually-high trading volume on Tuesday after Credit Suisse Group AG raised their price target on the stock from $38.13 to $38.33. Credit Suisse Group AG currently has a top pick rating on the stock. Approximately 3,846,063 shares traded hands during mid-day trading, an increase of 27% from the previous session’s volume of 3,037,300 shares.The stock last traded at $38.63 and had previously closed at $38.68.

Other equities research analysts have also issued reports about the stock. Robert W. Baird upgraded shares of Energy Transfer Partners L.P. from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $25.00 to $45.00 in a research note on Monday, September 26th. Zacks Investment Research lowered 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 set a “hold” rating and a $38.00 target price for the company. Mizuho assumed coverage on shares of Energy Transfer Partners L.P. in a research note on Thursday, September 29th. They set a “buy” rating and a $45.00 target price for the company. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of Energy Transfer Partners L.P. in a research note on Sunday, September 25th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $43.95.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in Energy Transfer Partners L.P. by 66.0% in the first quarter. Envestnet Asset Management Inc. now owns 50,311 shares of the company’s stock valued at $1,627,000 after buying an additional 20,004 shares during the period. Babson Capital Management LLC increased its position in shares of Energy Transfer Partners L.P. by 72.9% in the first quarter. Babson Capital Management LLC now owns 296,937 shares of the company’s stock worth $9,603,000 after buying an additional 125,151 shares during the last quarter. Peconic Partners LLC acquired a new position in shares of Energy Transfer Partners L.P. during the first quarter worth approximately $7,428,000. Laffer Investments increased its position in shares of Energy Transfer Partners L.P. by 9.9% in the first quarter. Laffer Investments now owns 13,595 shares of the company’s stock worth $440,000 after buying an additional 1,223 shares during the last quarter. Finally, First Republic Investment Management Inc. acquired a new position in shares of Energy Transfer Partners L.P. during the first quarter worth approximately $1,623,000. 59.11% of the stock is owned by institutional investors and hedge funds.

The firm’s market capitalization is $20.43 billion. The company’s 50-day moving average price is $36.15 and its 200 day moving average price is $37.82.

Energy Transfer Partners L.P. (NYSE:ETP) last released its quarterly earnings data on Wednesday, November 9th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.77. Energy Transfer Partners L.P. had a net margin of 3.79% and a return on equity of 5.39%. The firm earned $5.53 billion during the quarter. During the same period last year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was down 16.2% compared to the same quarter last year. On average, analysts expect 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. Shareholders of record on Monday, November 7th were issued a $1.055 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $4.22 dividend on an annualized basis and a yield of 11.21%. Energy Transfer Partners L.P.’s payout ratio is -345.90%.

About Energy Transfer Partners L.P.

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