November 28, 2016 - By Adrian Mccoy · 0 Comments
Energy Transfer Partners LP (NYSE:ETP) institutional sentiment increased to 1.34 in 2016 Q2. Its up 0.34, from 1 in 2016Q1. The ratio improved, as 183 active investment managers started new or increased stock positions, while 183 decreased and sold their positions in Energy Transfer Partners LP. The active investment managers in our partner’s database now hold: 256.39 million shares, down from 280.94 million shares in 2016Q1. Also, the number of active investment managers holding Energy Transfer Partners LP in their top 10 stock positions decreased from 22 to 17 for a decrease of 5. Sold All: 48 Reduced: 135 Increased: 143 New Position: 40.
Energy Transfer Partners, L.P. is a master limited partnership. The company has a market cap of $18.91 billion. The Firm is engaged in natural gas operations, including natural gas midstream and intrastate transportation and storage. It currently has negative earnings.
The stock decreased 1.40% or $0.5 on November 25, hitting $35.34. Energy Transfer Partners LP (NYSE:ETP) has declined 0.39% since April 25, 2016 and is downtrending. It has underperformed by 6.41% the S&P500.
Analysts await Energy Transfer Partners LP (NYSE:ETP) to report earnings on February, 22. They expect $0.26 earnings per share, up 1,200.00% or $0.24 from last year’s $0.02 per share. ETP’s profit will be $139.12M for 33.98 P/E if the $0.26 EPS becomes a reality. After $0.14 actual earnings per share reported by Energy Transfer Partners LP for the previous quarter, Wall Street now forecasts 85.71% EPS growth.
According to Zacks Investment Research, “Energy Transfer Partners, L.P. is a publicly traded partnership owning and operating a diversified portfolio of energy assets. The Partnership’s natural gas operations includes miles of natural gas gathering and transportation pipelines, natural gas treating and processing assets located in Texas and Louisiana, and three natural gas storage facilities located in Texas.”
Kayne Anderson Capital Advisors Lp holds 8.67% of its portfolio in Energy Transfer Partners LP for 20.50 million shares. Alps Advisors Inc owns 22.68 million shares or 7.65% of their US portfolio. Moreover, Cushing Asset Management Lp has 5.89% invested in the company for 4.36 million shares. The Netherlands-based Ing Groep Nv has invested 5.75% in the stock. Wexford Capital Lp, a Connecticut-based fund reported 774,938 shares.#img1#
Ratings analysis reveals 71% of Energy Transfer Partners’s analysts are positive. Out of 17 Wall Street analysts rating Energy Transfer Partners, 12 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $25 while the high is $68. The stock’s average target of $47.62 is 34.75% above today’s ($35.34) share price. ETP was included in 34 notes of analysts from August 10, 2015. BMO Capital Markets downgraded Energy Transfer Partners LP (NYSE:ETP) on Wednesday, November 23 to “Market Perform” rating. The firm has “Outperform” rating given on Tuesday, November 8 by Bernstein. Morgan Stanley reinitiated it with “Equal-Weight” rating and $48 target price in Monday, August 15 report. Deutsche Bank maintained the shares of ETP in a report on Wednesday, November 18 with “Buy” rating. The firm has “Overweight” rating by Barclays Capital given on Friday, August 5. The stock has “Hold” rating given by Stifel Nicolaus on Monday, April 4. Goldman Sachs upgraded Energy Transfer Partners LP (NYSE:ETP) on Monday, May 23 to “Buy” rating. Barclays Capital maintained Energy Transfer Partners LP (NYSE:ETP) rating on Tuesday, May 31. Barclays Capital has “Overweight” rating and $48 price target. The stock of Energy Transfer Partners LP (NYSE:ETP) earned “Buy” rating by Jefferies on Tuesday, March 22. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, August 11.
Energy Transfer Partners, L.P. (ETP), incorporated on April 17, 1996, is a master limited partnership. The Firm is engaged in natural gas operations, including natural gas midstream and intrastate transportation and storage through La Grange Acquisition, L.P. (ETC OLP), and interstate natural gas transportation and storage through Energy Transfer Interstate Holdings, LLC (ET Interstate) and Panhandle Eastern Pipe Line Company, LP (Panhandle); liquids operations, including natural gas liquids (NGL) transportation, storage and fractionation services primarily through Lone Star NGL LLC (Lone Star); product and crude oil operations, including product and crude oil transportation, terminalling services, and acquisition and marketing activities through Sunoco Logistics Partners L.P. (Sunoco Logistics) and retail marketing of gasoline and middle distillates through Sunoco, Inc. The Company’s divisions include Intrastate Transportation and Storage Segment; Interstate Transportation and Storage Segment; Midstream Segment; Liquids Transportation and Services Segment; Investment in Sunoco Logistics segment; Retail Marketing Segment, and All Other Segment.
More notable recent Energy Transfer Partners LP (NYSE:ETP) news were published by: Forbes.com which released: “Is There Value In Sunoco Logistics’ Merger With Energy Transfer Partners?” on November 21, 2016, also Fool.com with their article: “Energy Transfer Partners LP’s Key Bakken Pipeline Hits Another Roadblock” published on November 15, 2016, Wsj.com published: “·Energy Transfer Equity, Energy Transfer Partners Post Weaker Results” on November 09, 2016. More interesting news about Energy Transfer Partners LP (NYSE:ETP) were released by: Reuters.com and their article: “Energy Transfer says not slowing construction of North Dakota pipeline” published on November 08, 2016 as well as Forbes.com‘s news article titled: “Ex-Div Reminder for Energy Transfer Partners (ETP)” with publication date: November 01, 2016.
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By Adrian Mccoy