First Trust Advisors LP acquired a new stake in Energy Transfer Partners LP (NYSE:ETP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 416,979 shares of the pipeline company’s stock, valued at approximately $7,939,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in ETP. Global X Management Co. LLC grew its position in shares of Energy Transfer Partners by 0.5% in the 1st quarter. Global X Management Co. LLC now owns 4,743,290 shares of the pipeline company’s stock valued at $76,936,000 after acquiring an additional 25,693 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Energy Transfer Partners by 18.1% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 846,256 shares of the pipeline company’s stock worth $13,726,000 after buying an additional 129,976 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Energy Transfer Partners by 39.9% during the 1st quarter. Parkside Financial Bank & Trust now owns 50,887 shares of the pipeline company’s stock worth $825,000 after buying an additional 14,502 shares during the period. HL Financial Services LLC bought a new stake in shares of Energy Transfer Partners during the 1st quarter worth about $258,000. Finally, Groesbeck Investment Management Corp NJ boosted its holdings in shares of Energy Transfer Partners by 11.0% during the 1st quarter. Groesbeck Investment Management Corp NJ now owns 55,186 shares of the pipeline company’s stock worth $895,000 after buying an additional 5,459 shares during the period. 62.32% of the stock is owned by institutional investors.

NYSE ETP opened at $23.30 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.99 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $26.86 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 1.75 and a beta of 1.15. Energy Transfer Partners LP has a 12-month low of $15.06 and a 12-month high of $24.38.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 14th. Shareholders of record on Monday, August 6th were issued a $0.565 dividend. This represents a $2.26 dividend on an annualized basis and a yield of 9.70%. The ex-dividend date of this dividend was Friday, August 3rd. Energy Transfer Partners’s dividend payout ratio is currently 313.89%.

Several analysts recently commented on ETP shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $27.00 target price (up previously from $22.00) on shares of Energy Transfer Partners in a report on Friday, August 3rd. ValuEngine downgraded shares of Energy Transfer Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Wolfe Research raised shares of Energy Transfer Partners from a “market perform” rating to an “outperform” rating in a report on Friday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $27.00 target price (up previously from $24.00) on shares of Energy Transfer Partners in a report on Friday, August 10th. Finally, UBS Group lifted their target price on shares of Energy Transfer Partners from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $24.17.

Energy Transfer Partners Profile

Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company's Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas through connections with other pipeline systems, as well as through its ET Fuel System and HPL System.

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

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