Terra Nova Asset Management LLC continued to hold its stake in Energy Transfer Partners L.P. (NYSE:ETP) during the second quarter, Holdings Channel reports. The institutional investor owned 7,350 shares of the company’s stock at the end of the second quarter. Terra Nova Asset Management LLC’s holdings in Energy Transfer Partners L.P. were worth $280,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Mount Vernon Associates Inc. MD boosted its stake in Energy Transfer Partners L.P. by 5.0% in the second quarter. Mount Vernon Associates Inc. MD now owns 8,452 shares of the company’s stock valued at $322,000 after buying an additional 400 shares during the last quarter. E&G Advisors LP boosted its stake in Energy Transfer Partners L.P. by 2.9% in the second quarter. E&G Advisors LP now owns 21,630 shares of the company’s stock valued at $823,000 after buying an additional 600 shares during the last quarter. Bank of Montreal Can purchased a new stake in Energy Transfer Partners L.P. during the second quarter valued at $323,094,000. Financial Architects Inc boosted its stake in Energy Transfer Partners L.P. by 170.2% in the second quarter. Financial Architects Inc now owns 6,258 shares of the company’s stock valued at $238,000 after buying an additional 3,942 shares during the last quarter. Finally, Sanders Morris Harris Inc. boosted its stake in Energy Transfer Partners L.P. by 20.2% in the second quarter. Sanders Morris Harris Inc. now owns 20,638 shares of the company’s stock valued at $786,000 after buying an additional 3,462 shares during the last quarter. 58.98% of the stock is currently owned by institutional investors.

Shares of Energy Transfer Partners L.P. (NYSE:ETP) traded up 2.20% during midday trading on Wednesday, reaching $38.04. 2,438,405 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $40.06 and its 200 day moving average is $36.49. The firm’s market cap is $19.91 billion. Energy Transfer Partners L.P. has a one year low of $18.62 and a one year high of $47.53.

Energy Transfer Partners L.P. (NYSE:ETP) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. The business earned $5.29 billion during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 54.2% on a year-over-year basis. During the same quarter last year, the company posted $0.67 earnings per share. Analysts anticipate that Energy Transfer Partners L.P. will post $0.89 EPS for the current year.

Several analysts have weighed in on the company. Credit Suisse Group AG set a $52.00 price objective on Energy Transfer Partners L.P. and gave the company a “buy” rating in a research report on Saturday, August 6th. 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 research report on Saturday, August 6th. Morgan Stanley assumed 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. Jefferies Group reaffirmed a “buy” rating on shares of Energy Transfer Partners L.P. in a research report on Thursday, August 4th. Finally, Barclays PLC lifted their price objective on Energy Transfer Partners L.P. from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $44.94.

Energy Transfer Partners L.P. Company Profile

5 Day Chart for NYSE:ETP

Want to see what other hedge funds are holding ETP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Transfer Partners L.P. (NYSE:ETP).

Receive News & Ratings for Energy Transfer Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer Partners L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.