Brokerages Expect Energy Transfer Partners LP (ETP) Will Post Quarterly Sales of $8.07 Billion
Equities analysts expect Energy Transfer Partners LP (NYSE:ETP) to post $8.07 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Energy Transfer Partners’ earnings, with the highest sales estimate coming in at $9.09 billion and the lowest estimate coming in at $7.29 billion. Energy Transfer Partners posted sales of $2.92 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 176.4%. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, February 21st.
On average, analysts expect that Energy Transfer Partners will report full year sales of $8.07 billion for the current year, with estimates ranging from $27.63 billion to $29.58 billion. For the next financial year, analysts anticipate that the company will post sales of $32.44 billion per share, with estimates ranging from $29.49 billion to $35.64 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Energy Transfer Partners.
A number of research firms have weighed in on ETP. Zacks Investment Research downgraded Energy Transfer Partners from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Tudor Pickering upgraded Energy Transfer Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, December 13th. ValuEngine upgraded Energy Transfer Partners from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Robert W. Baird set a $28.00 price target on Energy Transfer Partners and gave the company a “buy” rating in a research note on Saturday, November 18th. Finally, Bank of America began coverage on Energy Transfer Partners in a research note on Tuesday, January 9th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Energy Transfer Partners has an average rating of “Buy” and a consensus 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 paid a dividend of $0.565 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.26 annualized dividend and a dividend yield of 12.39%. Energy Transfer Partners’s dividend payout ratio is currently 376.67%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its stake in Energy Transfer Partners by 12.2% in the 4th quarter. Alps Advisors Inc. now owns 59,550,445 shares of the pipeline company’s stock valued at $1,067,144,000 after purchasing an additional 6,485,765 shares during the period. Harvest Fund Advisors LLC boosted its stake in Energy Transfer Partners by 3.2% in the 3rd quarter. Harvest Fund Advisors LLC now owns 55,063,439 shares of the pipeline company’s stock valued at $1,007,110,000 after purchasing an additional 1,691,524 shares during the period. Atlantic Trust Group LLC boosted its stake in Energy Transfer Partners by 28.3% in the 3rd quarter. Atlantic Trust Group LLC now owns 22,926,399 shares of the pipeline company’s stock valued at $419,325,000 after purchasing an additional 5,054,227 shares during the period. Center Coast Capital Advisors LP boosted its stake in Energy Transfer Partners by 9.4% in the 3rd quarter. Center Coast Capital Advisors LP now owns 15,732,085 shares of the pipeline company’s stock valued at $287,740,000 after purchasing an additional 1,356,947 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Energy Transfer Partners by 5.6% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,522,516 shares of the pipeline company’s stock valued at $229,037,000 after purchasing an additional 663,166 shares during the period. Institutional investors and hedge funds own 62.14% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Brokerages Expect Energy Transfer Partners LP (ETP) Will Post Quarterly Sales of $8.07 Billion” was first posted by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.watchlistnews.com/brokerages-expect-energy-transfer-partners-lp-etp-will-post-quarterly-sales-of-8-07-billion/1881002.html.
Energy Transfer Partners Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Energy Transfer Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer Partners and related companies with MarketBeat.com's FREE daily email newsletter.