Energy Transfer Partners L.P. (NYSE:ETP) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday.

A number of other equities research analysts also recently issued reports on the company. Wolfe Research initiated coverage on Energy Transfer Partners L.P. in a research report on Friday, October 7th. They set a “hold” rating and a $38.00 price objective on the stock. Morgan Stanley started coverage on Energy Transfer Partners L.P. in a research report on Monday, August 15th. They set an “equal weight” rating and a $48.00 price objective on the stock. TheStreet upgraded Energy Transfer Partners L.P. from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. Barclays PLC increased their price target on Energy Transfer Partners L.P. from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, August 5th. Finally, Mizuho started coverage on Energy Transfer Partners L.P. in a report on Thursday, September 29th. They issued a “buy” rating and a $45.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Energy Transfer Partners L.P. has an average rating of “Buy” and an average target price of $42.06.

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

Shares of Energy Transfer Partners L.P. (NYSE:ETP) opened at 35.84 on Wednesday. The company’s market capitalization is $19.45 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 $36.17 and a 200-day moving average price of $37.91.

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 (EPS) 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 company had revenue of $5.53 billion for the quarter. During the same quarter in the previous year, the business posted $0.10 EPS. Energy Transfer Partners L.P.’s revenue for the quarter was down 16.2% on a year-over-year basis. Analysts expect that Energy Transfer Partners L.P. will post $0.76 earnings per share for the current fiscal year.

The firm also recently disclosed 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 11.77%. Energy Transfer Partners L.P.’s payout ratio is -345.90%.

Hedge funds have recently bought and sold shares of the company. M&R Capital Management Inc. acquired a new stake in Energy Transfer Partners L.P. during the second quarter worth $106,000. Oakworth Capital Inc. boosted its stake in Energy Transfer Partners L.P. by 20.3% in the second quarter. Oakworth Capital Inc. now owns 3,007 shares of the company’s stock worth $109,000 after buying an additional 507 shares during the last quarter. CENTRAL TRUST Co boosted its stake in Energy Transfer Partners L.P. by 13.6% in the second quarter. CENTRAL TRUST Co now owns 2,890 shares of the company’s stock worth $110,000 after buying an additional 347 shares during the last quarter. Joel Isaacson & Co. LLC boosted its stake in Energy Transfer Partners L.P. by 90.9% in the second quarter. Joel Isaacson & Co. LLC now owns 2,919 shares of the company’s stock worth $111,000 after buying an additional 1,390 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Energy Transfer Partners L.P. by 200.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 3,000 shares of the company’s stock worth $111,000 after buying an additional 2,000 shares during the last quarter. 59.94% of the stock is owned by hedge funds and other institutional investors.

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Energy Transfer Partners L.P. Company Profile

5 Day Chart for NYSE:ETP

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