Energy Transfer Partners (NYSE:ETP) – Analysts at US Capital Advisors lifted their Q1 2018 earnings estimates for shares of Energy Transfer Partners in a research report issued to clients and investors on Tuesday, April 17th. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will post earnings of $0.12 per share for the quarter, up from their previous estimate of $0.11. US Capital Advisors has a “Hold” rating on the stock. US Capital Advisors also issued estimates for Energy Transfer Partners’ Q3 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.16 EPS and FY2019 earnings at $0.71 EPS.
Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered Energy Transfer Partners from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Mizuho set a $25.00 price objective on Energy Transfer Partners and gave the company a “buy” rating in a research note on Wednesday, April 11th. Bank of America began coverage on Energy Transfer Partners in a research note on Tuesday, January 9th. They issued a “buy” rating on the stock. Credit Suisse Group began coverage on Energy Transfer Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Robert W. Baird set a $21.00 price objective on Energy Transfer Partners and gave the company a “buy” rating in a research note on Friday, April 6th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $24.40.
Energy Transfer Partners (NYSE:ETP) last released its quarterly earnings data on Wednesday, February 21st. The pipeline company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.08. Energy Transfer Partners had a return on equity of 6.43% and a net margin of 6.54%. The company had revenue of $8.61 billion for the quarter, compared to analyst estimates of $8.07 billion.
In other news, Director Michael K. Grimm acquired 4,600 shares of the firm’s stock in a transaction on Friday, March 16th. The shares were purchased at an average cost of $17.06 per share, for a total transaction of $78,476.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. boosted its position in Energy Transfer Partners by 21.6% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 288,210 shares of the pipeline company’s stock valued at $5,165,000 after buying an additional 51,253 shares during the last quarter. Deutsche Bank AG boosted its position in Energy Transfer Partners by 8.2% in the 4th quarter. Deutsche Bank AG now owns 11,136,428 shares of the pipeline company’s stock valued at $199,562,000 after buying an additional 847,407 shares during the last quarter. KHP Capital LLC bought a new position in Energy Transfer Partners in the 4th quarter valued at $620,000. Koch Industries Inc. bought a new position in Energy Transfer Partners in the 4th quarter valued at $488,000. Finally, Starfire Investment Advisers Inc. bought a new position in Energy Transfer Partners in the 4th quarter valued at $2,223,000. Hedge funds and other institutional investors own 64.30% of the company’s stock.
Energy Transfer Partners Company 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.
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.