Energy Transfer Partners LP (ETP) Shares Bought by Advisor Group Inc.
Advisor Group Inc. raised its holdings in Energy Transfer Partners LP (NYSE:ETP) by 5.2% in the fourth quarter, Holdings Channel reports. The fund owned 197,824 shares of the pipeline company’s stock after acquiring an additional 9,792 shares during the period. Advisor Group Inc.’s holdings in Energy Transfer Partners were worth $3,545,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Franklin Square Holdings L.P. lifted its holdings in Energy Transfer Partners by 7.1% in the 4th quarter. Franklin Square Holdings L.P. now owns 85,700 shares of the pipeline company’s stock valued at $1,536,000 after acquiring an additional 5,700 shares during the last quarter. Driehaus Capital Management LLC raised its holdings in Energy Transfer Partners by 98.4% during the 4th quarter. Driehaus Capital Management LLC now owns 484,210 shares of the pipeline company’s stock worth $8,677,000 after buying an additional 240,196 shares during the period. Strategic Capital Advisers Inc. acquired a new stake in Energy Transfer Partners during the 4th quarter worth about $187,000. Renaissance Technologies LLC raised its holdings in Energy Transfer Partners by 60.9% during the 4th quarter. Renaissance Technologies LLC now owns 1,866,900 shares of the pipeline company’s stock worth $33,455,000 after buying an additional 706,400 shares during the period. Finally, MYDA Advisors LLC acquired a new stake in Energy Transfer Partners during the 4th quarter worth about $2,419,000. 64.30% of the stock is owned by institutional investors.
Several analysts have issued reports on the company. Zacks Investment Research upgraded Energy Transfer Partners from a “sell” rating to a “hold” rating in a report on Monday, January 29th. Stifel Nicolaus set a $27.00 price objective on Energy Transfer Partners and gave the stock a “buy” rating in a report on Friday, February 23rd. Bank of America assumed coverage on Energy Transfer Partners in a report on Tuesday, January 9th. They set a “buy” rating on the stock. US Capital Advisors downgraded Energy Transfer Partners from an “overweight” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Robert W. Baird set a $22.00 price objective on Energy Transfer Partners and gave the stock a “buy” rating in a report on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Energy Transfer Partners has a consensus rating of “Buy” and an average price target of $25.86.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Thursday, February 8th were issued a $0.565 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.26 dividend on an annualized basis and a dividend yield of 12.62%. Energy Transfer Partners’s dividend payout ratio is -443.14%.
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About Energy Transfer Partners
Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.
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