Gould Asset Management LLC CA Has $590,000 Holdings in Energy Transfer Partners LP (ETP)

Gould Asset Management LLC CA reduced its stake in Energy Transfer Partners LP (NYSE:ETP) by 19.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 32,925 shares of the pipeline company’s stock after selling 7,845 shares during the period. Gould Asset Management LLC CA’s holdings in Energy Transfer Partners were worth $590,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ETP. Ameriprise Financial Inc. increased its stake in Energy Transfer Partners by 107.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 182,712 shares of the pipeline company’s stock worth $3,726,000 after purchasing an additional 94,633 shares during the period. Northern Trust Corp increased its stake in Energy Transfer Partners by 25.3% in the 2nd quarter. Northern Trust Corp now owns 537,753 shares of the pipeline company’s stock worth $10,964,000 after purchasing an additional 108,441 shares during the period. FMR LLC increased its stake in Energy Transfer Partners by 50.0% in the 2nd quarter. FMR LLC now owns 161,259 shares of the pipeline company’s stock worth $3,288,000 after purchasing an additional 53,753 shares during the period. State Street Corp increased its stake in Energy Transfer Partners by 57.4% in the 2nd quarter. State Street Corp now owns 139,937 shares of the pipeline company’s stock worth $2,854,000 after purchasing an additional 51,004 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Energy Transfer Partners by 193.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,509 shares of the pipeline company’s stock worth $948,000 after purchasing an additional 30,670 shares during the period. 62.14% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have commented on ETP. Zacks Investment Research cut Energy Transfer Partners from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. Bank of America assumed coverage on Energy Transfer Partners in a research note on Tuesday, January 9th. They issued a “buy” rating on the stock. Credit Suisse Group assumed coverage on Energy Transfer Partners in a research note on Thursday, January 4th. They set an “outperform” rating and a $20.00 target price on the stock. US Capital Advisors cut Energy Transfer Partners from an “overweight” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Tudor Pickering raised Energy Transfer Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $25.86.

Shares of Energy Transfer Partners LP (ETP) opened at $18.55 on Tuesday. The firm has a market capitalization of $21,434.41, a price-to-earnings ratio of 27.69 and a beta of 0.91. Energy Transfer Partners LP has a 12 month low of $15.25 and a 12 month high of $26.17. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 1.09.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Thursday, February 8th were paid a $0.565 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.26 annualized dividend and a yield of 12.18%. Energy Transfer Partners’s payout ratio is 337.31%.

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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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