Pinnacle Associates Ltd. lessened its stake in shares of Energy Transfer Partners (NYSE:ETP) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,967 shares of the company’s stock after selling 2,600 shares during the period. Pinnacle Associates Ltd.’s holdings in Energy Transfer Partners were worth $378,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in ETP. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Energy Transfer Partners during the 2nd quarter valued at $240,750,000. Alps Advisors Inc. raised its holdings in Energy Transfer Partners by 18.8% during the 2nd quarter. Alps Advisors Inc. now owns 59,550,445 shares of the company’s stock valued at $1,067,144,000 after buying an additional 9,440,341 shares during the period. Tortoise Capital Advisors L.L.C. raised its holdings in Energy Transfer Partners by 6.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 41,992,731 shares of the company’s stock valued at $799,542,000 after buying an additional 2,468,036 shares during the period. Bank of Montreal Can raised its holdings in Energy Transfer Partners by 32.4% during the 3rd quarter. Bank of Montreal Can now owns 9,960,264 shares of the company’s stock valued at $221,716,000 after buying an additional 2,435,931 shares during the period. Finally, Chickasaw Capital Management LLC raised its holdings in Energy Transfer Partners by 22.3% during the 3rd quarter. Chickasaw Capital Management LLC now owns 11,858,623 shares of the company’s stock valued at $263,973,000 after buying an additional 2,160,044 shares during the period.
In related news, CEO Kelcy L. Warren purchased 2,000,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were bought at an average price of $22.42 per share, for a total transaction of $44,840,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
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About Energy Transfer Partners
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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