Energy Transfer Partners L.P. (NYSE:ETP) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday. The brokerage presently has a $41.75 price target on the stock. Vetr‘s target price suggests a potential upside of 18.64% from the stock’s previous close.

Several other brokerages have also issued reports on ETP. Credit Suisse Group AG lifted their price target on Energy Transfer Partners L.P. from $38.13 to $38.33 and gave the stock a “top pick” rating in a research note on Monday, November 14th. Barclays PLC lifted their price target on Energy Transfer Partners L.P. from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, August 5th. Mizuho started coverage on Energy Transfer Partners L.P. in a research note on Thursday, September 29th. They set a “buy” rating and a $45.00 price target for the company. Wolfe Research started coverage on Energy Transfer Partners L.P. in a research note on Friday, October 7th. They set a “hold” rating and a $38.00 price target for the company. Finally, Zacks Investment Research raised Energy Transfer Partners L.P. from a “strong sell” rating to a “hold” rating in a research note on Monday, October 17th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $43.23.

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

Shares of Energy Transfer Partners L.P. (NYSE:ETP) opened at 35.19 on Monday. The firm’s market cap is $19.10 billion. The stock has a 50 day moving average price of $36.17 and a 200 day moving average price of $37.93. Energy Transfer Partners L.P. has a 52 week low of $18.62 and a 52 week high of $43.50.

Energy Transfer Partners L.P. (NYSE:ETP) last posted its quarterly earnings data on Wednesday, November 9th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.77. The business 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 business’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. Equities analysts expect that Energy Transfer Partners L.P. will post $0.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, November 7th were given a $1.055 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $4.22 dividend on an annualized basis and a dividend yield of 11.99%. Energy Transfer Partners L.P.’s dividend payout ratio is currently -345.90%.

Several hedge funds have recently modified their holdings of the company. Sheets Smith Wealth Management boosted its stake in shares of Energy Transfer Partners L.P. by 0.3% in the third quarter. Sheets Smith Wealth Management now owns 13,051 shares of the company’s stock worth $483,000 after buying an additional 35 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Energy Transfer Partners L.P. by 6.6% in the third quarter. LPL Financial LLC now owns 138,310 shares of the company’s stock worth $4,956,000 after buying an additional 8,529 shares in the last quarter. Credit Suisse AG boosted its stake in shares of Energy Transfer Partners L.P. by 266.9% in the third quarter. Credit Suisse AG now owns 2,660,157 shares of the company’s stock worth $98,427,000 after buying an additional 1,935,207 shares in the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of Energy Transfer Partners L.P. by 5.0% in the third quarter. Salem Investment Counselors Inc. now owns 14,770 shares of the company’s stock worth $546,000 after buying an additional 700 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. boosted its stake in shares of Energy Transfer Partners L.P. by 0.6% in the third quarter. Laurel Wealth Advisors Inc. now owns 6,060 shares of the company’s stock worth $224,000 after buying an additional 37 shares in the last quarter. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

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About Energy Transfer Partners L.P.

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