Kayne Anderson Capital Advisors LP reduced its holdings in Sunoco Logistics Partners LP (NYSE:ETP) by 17.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,151,070 shares of the pipeline company’s stock after selling 7,178,034 shares during the quarter. Sunoco Logistics Partners makes up approximately 8.0% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 2nd largest holding. Kayne Anderson Capital Advisors LP owned about 3.10% of Sunoco Logistics Partners worth $624,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Sunoco Logistics Partners by 106.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,859,350 shares of the pipeline company’s stock worth $241,812,000 after purchasing an additional 6,127,839 shares during the last quarter. BlackRock Inc. raised its position in Sunoco Logistics Partners by 111.0% in the 2nd quarter. BlackRock Inc. now owns 4,489,481 shares of the pipeline company’s stock worth $91,540,000 after purchasing an additional 2,361,689 shares during the last quarter. JPMorgan Chase & Co. raised its position in Sunoco Logistics Partners by 95.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock worth $479,265,000 after purchasing an additional 11,483,706 shares during the last quarter. Freestone Capital Holdings LLC raised its position in Sunoco Logistics Partners by 342.3% in the 2nd quarter. Freestone Capital Holdings LLC now owns 390,075 shares of the pipeline company’s stock worth $7,954,000 after purchasing an additional 301,883 shares during the last quarter. Finally, Good Life Advisors LLC raised its position in Sunoco Logistics Partners by 82.6% in the 2nd quarter. Good Life Advisors LLC now owns 35,159 shares of the pipeline company’s stock worth $701,000 after purchasing an additional 15,904 shares during the last quarter. 56.63% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have commented on ETP shares. Goldman Sachs Group, Inc. (The) cut shares of Sunoco Logistics Partners from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research report on Tuesday, October 17th. Robert W. Baird reiterated a “buy” rating and set a $29.00 target price on shares of Sunoco Logistics Partners in a research report on Tuesday, September 26th. BMO Capital Markets set a $26.00 target price on shares of Sunoco Logistics Partners and gave the company a “hold” rating in a research report on Thursday, October 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $28.00 target price on shares of Sunoco Logistics Partners in a research report on Wednesday, September 6th. Finally, BidaskClub cut shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $26.46.

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Sunoco Logistics Partners LP (NYSE:ETP) traded up $0.07 during trading on Wednesday, hitting $16.40. 2,472,921 shares of the stock were exchanged, compared to its average volume of 5,284,413. Sunoco Logistics Partners LP has a one year low of $15.97 and a one year high of $26.73. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.61 and a current ratio of 0.84. The firm has a market cap of $19,308.30, a P/E ratio of 24.94 and a beta of 1.01.

Sunoco Logistics Partners (NYSE:ETP) last posted its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.11. Sunoco Logistics Partners had a net margin of 4.97% and a return on equity of 5.88%. The company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the prior year, the business posted ($0.49) EPS. The company’s quarterly revenue was up 26.1% on a year-over-year basis. analysts expect that Sunoco Logistics Partners LP will post 0.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were paid a $0.565 dividend. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. This represents a $2.26 annualized dividend and a yield of 13.78%. The ex-dividend date was Monday, November 6th. Sunoco Logistics Partners’s dividend payout ratio (DPR) is 337.31%.

Sunoco Logistics 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.

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Institutional Ownership by Quarter for Sunoco Logistics Partners (NYSE:ETP)

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