Cambridge Investment Research Advisors Inc. Acquires 2,427 Shares of Energy Transfer Partners LP (ETP)

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Cambridge Investment Research Advisors Inc. raised its holdings in Energy Transfer Partners LP (NYSE:ETP) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,441 shares of the pipeline company’s stock after purchasing an additional 2,427 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Energy Transfer Partners were worth $2,941,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Quad Cities Investment Group LLC purchased a new position in Energy Transfer Partners during the second quarter valued at approximately $100,000. Squar Milner Financial Services LLC purchased a new position in Energy Transfer Partners during the second quarter valued at approximately $115,000. NuWave Investment Management LLC purchased a new position in Energy Transfer Partners during the second quarter valued at approximately $144,000. IndexIQ Advisors LLC purchased a new position in Energy Transfer Partners during the second quarter valued at approximately $146,000. Finally, Smithfield Trust Co. grew its stake in Energy Transfer Partners by 72.6% during the first quarter. Smithfield Trust Co. now owns 9,350 shares of the pipeline company’s stock valued at $152,000 after acquiring an additional 3,934 shares in the last quarter. 61.45% of the stock is owned by institutional investors.

Several brokerages recently commented on ETP. ValuEngine raised shares of Energy Transfer Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $27.00 price objective (up previously from $24.00) on shares of Energy Transfer Partners in a research note on Friday, August 10th. Wolfe Research raised shares of Energy Transfer Partners from a “market perform” rating to an “outperform” rating in a research note on Friday, August 3rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $27.00 price objective (up previously from $22.00) on shares of Energy Transfer Partners in a research note on Friday, August 3rd. Finally, US Capital Advisors raised shares of Energy Transfer Partners from a “hold” rating to an “overweight” rating and set a $26.00 price objective for the company in a research note on Friday, August 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. Energy Transfer Partners has a consensus rating of “Buy” and a consensus price target of $24.00.

Shares of Energy Transfer Partners stock opened at $22.44 on Friday. Energy Transfer Partners LP has a 1 year low of $15.06 and a 1 year high of $24.38. The company has a market cap of $26.58 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 1.69 and a beta of 1.28. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.99 and a quick ratio of 0.80.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 14th. Shareholders of record on Monday, August 6th were given a dividend of $0.565 per share. The ex-dividend date was Friday, August 3rd. This represents a $2.26 annualized dividend and a yield of 10.07%. Energy Transfer Partners’s payout ratio is presently 313.89%.

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.

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

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