Vetr downgraded shares of Energy Transfer Partners L.P. (NYSE:ETP) from a strong-buy rating to a buy rating in a research note released on Tuesday. Vetr currently has $41.75 price target on the stock.

Several other brokerages also recently weighed in on ETP. Credit Suisse Group AG boosted their price objective on shares of Energy Transfer Partners L.P. from $38.13 to $38.33 and gave the stock a top pick rating in a research report on Monday. Barclays PLC upped their price target on shares of 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. Mizuho started coverage on shares of Energy Transfer Partners L.P. in a research report on Thursday, September 29th. They issued a buy rating and a $45.00 price target for the company. Wolfe Research started coverage on shares of Energy Transfer Partners L.P. in a research report on Friday, October 7th. They issued a hold rating and a $38.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Energy Transfer Partners L.P. from a strong sell rating to a hold rating in a research report on Monday, October 17th. Seven research 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 stock. The company has a consensus rating of Buy and a consensus price target of $43.95.

Shares of Energy Transfer Partners L.P. (NYSE:ETP) opened at 38.21 on Tuesday. Energy Transfer Partners L.P. has a 52-week low of $18.62 and a 52-week high of $43.50. The firm’s market cap is $20.74 billion. The company’s 50-day moving average is $36.17 and its 200 day moving average is $37.82.

Energy Transfer Partners L.P. (NYSE:ETP) last issued its quarterly earnings data on Wednesday, November 9th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.77. The company had revenue of $5.53 billion for the quarter. Energy Transfer Partners L.P. had a return on equity of 5.39% and a net margin of 3.79%. The company’s revenue was down 16.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 EPS. On average, analysts expect that Energy Transfer Partners L.P. will post $0.57 earnings per share for the current fiscal year.

The firm 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. This represents a $4.22 dividend on an annualized basis and a yield of 11.04%. The ex-dividend date was Thursday, November 3rd. Energy Transfer Partners L.P.’s dividend payout ratio is presently -345.90%.

A number of institutional investors have recently added to or reduced their stakes in ETP. Duff & Phelps Investment Management Co. increased its position in Energy Transfer Partners L.P. by 2.2% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,659,692 shares of the company’s stock worth $63,184,000 after buying an additional 35,000 shares in the last quarter. Bank of Montreal Can acquired a new position in Energy Transfer Partners L.P. during the second quarter worth approximately $323,094,000. Spirit of America Management Corp NY increased its position in Energy Transfer Partners L.P. by 3.2% in the third quarter. Spirit of America Management Corp NY now owns 426,911 shares of the company’s stock worth $15,795,000 after buying an additional 13,200 shares in the last quarter. Global X Management Co. LLC increased its position in Energy Transfer Partners L.P. by 19.6% in the second quarter. Global X Management Co. LLC now owns 822,848 shares of the company’s stock worth $31,326,000 after buying an additional 134,602 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Energy Transfer Partners L.P. by 3.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 308,000 shares of the company’s stock worth $11,726,000 after buying an additional 11,000 shares in the last quarter. 59.11% of the stock is owned by hedge funds and other institutional investors.

About Energy Transfer Partners L.P.

5 Day Chart for NYSE:ETP

To view Vetr’s full report, visit Vetr’s official website.

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.