Private Trust Co. NA Has $805,000 Stake in Energy Transfer Partners LP (ETP)

Private Trust Co. NA continued to hold its position in shares of Energy Transfer Partners LP (NYSE:ETP) during the first quarter, Holdings Channel reports. The firm owned 22,062 shares of the company’s stock at the end of the first quarter. Private Trust Co. NA’s holdings in Energy Transfer Partners were worth $805,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Kayne Anderson Capital Advisors LP raised its position in Energy Transfer Partners by 2.8% in the third quarter. Kayne Anderson Capital Advisors LP now owns 21,060,814 shares of the company’s stock valued at $779,234,000 after buying an additional 564,019 shares during the last quarter. Morgan Stanley raised its position in Energy Transfer Partners by 12.0% in the third quarter. Morgan Stanley now owns 17,832,374 shares of the company’s stock valued at $659,798,000 after buying an additional 1,909,286 shares during the last quarter. Appaloosa LP raised its position in Energy Transfer Partners by 3.0% in the fourth quarter. Appaloosa LP now owns 11,961,842 shares of the company’s stock valued at $428,354,000 after buying an additional 346,185 shares during the last quarter. Neuberger Berman Group LLC raised its position in Energy Transfer Partners by 1.2% in the third quarter. Neuberger Berman Group LLC now owns 9,589,093 shares of the company’s stock valued at $354,797,000 after buying an additional 115,897 shares during the last quarter. Finally, Advisory Research Inc. raised its position in Energy Transfer Partners by 7.9% in the fourth quarter. Advisory Research Inc. now owns 8,543,461 shares of the company’s stock valued at $305,942,000 after buying an additional 623,118 shares during the last quarter. 59.41% of the stock is currently owned by hedge funds and other institutional investors.

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

Energy Transfer Partners LP (NYSE:ETP) traded down 0.14% during midday trading on Thursday, hitting $35.61. The stock had a trading volume of 1,358,403 shares. The company’s 50 day moving average price is $36.53 and its 200-day moving average price is $36.44. The stock’s market capitalization is $19.64 billion. Energy Transfer Partners LP has a 52 week low of $31.12 and a 52 week high of $43.50. Energy Transfer Partners also saw some unusual options trading on Monday. Stock investors purchased 5,934 call options on the stock. This represents an increase of approximately 261% compared to the typical daily volume of 1,646 call options.

Energy Transfer Partners (NYSE:ETP) last issued its quarterly earnings results on Wednesday, February 22nd. The company reported ($1.47) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $1.67. Energy Transfer Partners had a net margin of 3.79% and a return on equity of 5.39%. The business earned $6.53 billion during the quarter, compared to the consensus estimate of $6.48 billion. During the same quarter in the previous year, the business posted ($0.68) EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities analysts anticipate that Energy Transfer Partners LP will post $1.46 earnings per share for the current fiscal year.

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Several equities analysts have weighed in on ETP shares. Credit Suisse Group AG cut their target price on Energy Transfer Partners from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 25th. Zacks Investment Research raised Energy Transfer Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. Vetr lowered Energy Transfer Partners from a “hold” rating to a “sell” rating and set a $35.44 target price on the stock. in a research note on Tuesday, January 24th. Sanford C. Bernstein lowered Energy Transfer Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $45.00 target price on shares of Energy Transfer Partners in a research note on Thursday, February 16th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $43.70.

Energy Transfer Partners Company Profile

Energy Transfer Partners, L.P. (ETP) is engaged in the gathering and processing, compression, treating and transportation of natural gas, focusing on providing midstream services in various natural gas producing regions in the United States, including the Eagle Ford, Haynesville, Barnett, Fayetteville, Marcellus, Utica, Bone Spring and Avalon shales.

5 Day Chart for NYSE:ETP

Want to see what other hedge funds are holding ETP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Transfer Partners LP (NYSE:ETP).

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