Homrich & Berg trimmed its holdings in shares of Energy Transfer Partners LP (NYSE:ETP) by 41.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,722 shares of the pipeline company’s stock after selling 28,554 shares during the period. Homrich & Berg’s holdings in Energy Transfer Partners were worth $712,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of ETP. Cerebellum GP LLC purchased a new position in shares of Energy Transfer Partners during the 4th quarter worth approximately $127,000. Exane Derivatives grew its stake in Energy Transfer Partners by 15,645.8% in the 4th quarter. Exane Derivatives now owns 7,558 shares of the pipeline company’s stock worth $135,000 after acquiring an additional 7,510 shares during the period. Toronto Dominion Bank grew its stake in Energy Transfer Partners by 50.0% in the 2nd quarter. Toronto Dominion Bank now owns 8,250 shares of the pipeline company’s stock worth $168,000 after acquiring an additional 2,750 shares during the period. Montag A & Associates Inc. purchased a new stake in Energy Transfer Partners in the 4th quarter worth approximately $183,000. Finally, B. Riley Financial Inc. purchased a new stake in Energy Transfer Partners in the 3rd quarter worth approximately $185,000. 62.14% of the stock is owned by institutional investors and hedge funds.
Several analysts have commented on ETP shares. ValuEngine raised shares of Energy Transfer Partners from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research cut shares of Energy Transfer Partners from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Tudor Pickering raised shares of Energy Transfer Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, December 13th. Morgan Stanley lowered their target price on shares of Energy Transfer Partners from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, November 17th. Finally, US Capital Advisors cut shares of Energy Transfer Partners from an “overweight” rating to a “hold” rating in a research note on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $25.86.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Thursday, February 8th were issued a $0.565 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $2.26 dividend on an annualized basis and a dividend yield of 12.18%. Energy Transfer Partners’s dividend payout ratio (DPR) is presently 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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