Bristol Advisors LLC cut its holdings in shares of Energy Transfer Partners LP (NYSE:ETP) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,000 shares of the pipeline company’s stock after selling 2,900 shares during the period. Bristol Advisors LLC’s holdings in Energy Transfer Partners were worth $251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Archford Capital Strategies LLC grew its position in Energy Transfer Partners by 636.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 5,115 shares of the pipeline company’s stock worth $397,000 after acquiring an additional 4,420 shares during the last quarter. Fiduciary Trust Co. bought a new stake in Energy Transfer Partners during the 2nd quarter worth approximately $119,000. Toronto Dominion Bank grew its position in Energy Transfer Partners by 50.0% during the 2nd quarter. Toronto Dominion Bank now owns 8,250 shares of the pipeline company’s stock worth $168,000 after acquiring an additional 2,750 shares during the last quarter. B. Riley Financial Inc. bought a new position in Energy Transfer Partners in the 3rd quarter valued at $185,000. Finally, TD Asset Management Inc. bought a new position in Energy Transfer Partners in the 3rd quarter valued at $187,000. Institutional investors and hedge funds own 62.16% of the company’s stock.

A number of brokerages have commented on ETP. Bank of America began coverage on Energy Transfer Partners in a research report on Tuesday. They issued a “buy” rating on the stock. Robert W. Baird reiterated a “buy” rating and issued a $29.00 price objective on shares of Energy Transfer Partners in a research report on Tuesday, September 26th. US Capital Advisors lowered Energy Transfer Partners from an “overweight” rating to a “hold” rating in a research report on Thursday, January 4th. Credit Suisse Group began coverage on Energy Transfer Partners in a research report on Thursday, January 4th. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, BMO Capital Markets set a $26.00 price objective on Energy Transfer Partners and gave the company a “hold” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Energy Transfer Partners presently has an average rating of “Buy” and an average price target of $25.86.

Energy Transfer Partners LP (NYSE ETP) traded up $0.23 during trading hours on Friday, hitting $20.01. The stock had a trading volume of 6,017,009 shares, compared to its average volume of 8,053,738. Energy Transfer Partners LP has a 1-year low of $15.25 and a 1-year high of $26.73. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.61. The company has a market cap of $23,110.00, a price-to-earnings ratio of 33.35 and a beta of 1.00.

Energy Transfer Partners (NYSE:ETP) last posted its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.11. Energy Transfer Partners had a return on equity of 5.81% and a net margin of 10.91%. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $7.31 billion. During the same period last year, the company earned ($0.49) EPS. The firm’s revenue was up 26.1% on a year-over-year basis. sell-side analysts predict that Energy Transfer Partners LP will post 0.66 earnings per share for the current year.

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Energy Transfer Partners 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.

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Institutional Ownership by Quarter for Energy Transfer Partners (NYSE:ETP)

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