Wagner Bowman Management Corp cut its stake in shares of Energy Transfer Partners L.P. (NYSE:ETP) by 3.5% during the second quarter, Holdings Channel reports. The fund owned 19,142 shares of the company’s stock after selling 690 shares during the period. Wagner Bowman Management Corp’s holdings in Energy Transfer Partners L.P. were worth $728,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ETP. Yorkville Capital Management LLC boosted its position in shares of Energy Transfer Partners L.P. by 159.8% in the first quarter. Yorkville Capital Management LLC now owns 100,386 shares of the company’s stock valued at $3,246,000 after buying an additional 61,750 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its position in shares of Energy Transfer Partners L.P. by 442.0% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 33,415 shares of the company’s stock valued at $1,080,000 after buying an additional 27,250 shares during the last quarter. Edmp Inc. bought a new position in shares of Energy Transfer Partners L.P. during the first quarter valued at $265,000. Duff & Phelps Investment Management Co. boosted its position in shares of Energy Transfer Partners L.P. by 2.5% in the first quarter. Duff & Phelps Investment Management Co. now owns 1,624,692 shares of the company’s stock valued at $52,543,000 after buying an additional 40,000 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Energy Transfer Partners L.P. by 12.4% in the first quarter. IFP Advisors Inc now owns 49,980 shares of the company’s stock valued at $1,616,000 after buying an additional 5,508 shares during the last quarter. Institutional investors own 58.98% of the company’s stock.

Energy Transfer Partners L.P. (NYSE:ETP) traded down 0.16% during midday trading on Tuesday, hitting $37.22. 2,047,534 shares of the stock were exchanged. Energy Transfer Partners L.P. has a 1-year low of $18.62 and a 1-year high of $47.53. The firm’s 50-day moving average price is $40.08 and its 200 day moving average price is $36.48. The firm’s market capitalization is $19.49 billion.

Energy Transfer Partners L.P. (NYSE:ETP) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The firm earned $5.29 billion during the quarter, compared to analyst estimates of $5.71 billion. Energy Transfer Partners L.P. had a net margin of 5.15% and a return on equity of 5.52%. The company’s revenue for the quarter was down 54.2% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. Analysts expect that Energy Transfer Partners L.P. will post $0.92 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Energy Transfer Partners L.P. from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 9th. Jefferies Group restated a “buy” rating on shares of Energy Transfer Partners L.P. in a report on Thursday, August 4th. TheStreet upgraded Energy Transfer Partners L.P. from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. S&P Equity Research set a $43.00 price objective on Energy Transfer Partners L.P. and gave the company a “hold” rating in a report on Saturday, August 6th. Finally, Credit Suisse Group AG set a $52.00 price target on Energy Transfer Partners L.P. and gave the stock a “buy” rating in a report on Saturday, August 6th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $44.94.

About Energy Transfer Partners L.P.

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