The Energy Transfer Partners L.P. (ETP) Short Interest Update

The Energy Transfer Partners L.P. (ETP) Short Interest Update

Energy Transfer Partners L.P. (NYSE:ETP) was the recipient of a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 10,203,126 shares, a growth of 65.0% from the December 15th total of 6,185,487 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 4,692,921 shares, the short-interest ratio is presently 2.2 days.

A number of research analysts have recently commented on ETP shares. Stifel Nicolaus cut Energy Transfer Partners L.P. from a “buy” rating to a “hold” rating and dropped their price target for the company from $48.00 to $37.00 in a research report on Friday, December 9th. Credit Suisse Group AG upped their price target on Energy Transfer Partners L.P. from $38.13 to $38.33 and gave the company a “top pick” rating in a research report on Monday, November 14th. Mizuho started coverage on Energy Transfer Partners L.P. in a research report on Thursday, September 29th. They set a “buy” rating and a $45.00 price target on the stock. Wolfe Research started coverage on Energy Transfer Partners L.P. in a report on Friday, October 7th. They set a “hold” rating and a $38.00 price objective on the stock. Finally, Zacks Investment Research raised Energy Transfer Partners L.P. from a “strong sell” rating to a “hold” rating in a report on Monday, October 17th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.69.

In other news, Director David K. Skidmore purchased 3,129 shares of the company’s stock in a transaction dated Wednesday, January 11th. The shares were purchased at an average price of $35.65 per share, with a total value of $111,548.85. Following the transaction, the director now directly owns 20,255 shares of the company’s stock, valued at $722,090.75. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.17% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Duff & Phelps Investment Management Co. boosted its position in shares of Energy Transfer Partners L.P. by 2.2% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,659,692 shares of the company’s stock valued at $63,184,000 after buying an additional 35,000 shares during the period. Airain ltd boosted its position in shares of Energy Transfer Partners L.P. by 159.2% in the third quarter. Airain ltd now owns 153,866 shares of the company’s stock valued at $5,693,000 after buying an additional 94,512 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of Energy Transfer Partners L.P. by 1.2% in the third quarter. Cullen Frost Bankers Inc. now owns 101,929 shares of the company’s stock valued at $3,771,000 after buying an additional 1,219 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Energy Transfer Partners L.P. by 42.0% in the third quarter. BNP Paribas Arbitrage SA now owns 315,066 shares of the company’s stock valued at $11,657,000 after buying an additional 93,183 shares during the period. Finally, Spirit of America Management Corp NY boosted its position in shares of Energy Transfer Partners L.P. by 3.2% in the third quarter. Spirit of America Management Corp NY now owns 426,911 shares of the company’s stock valued at $15,795,000 after buying an additional 13,200 shares during the period. 59.13% of the stock is currently owned by institutional investors.

Shares of Energy Transfer Partners L.P. (NYSE:ETP) opened at 35.65 on Friday. The firm has a 50 day moving average price of $35.40 and a 200-day moving average price of $37.40. Energy Transfer Partners L.P. has a 12-month low of $18.62 and a 12-month high of $43.50. The company’s market cap is $19.35 billion.

Energy Transfer Partners L.P. (NYSE:ETP) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.77. Energy Transfer Partners L.P. had a return on equity of 5.39% and a net margin of 3.79%. The firm earned $5.53 billion during the quarter. During the same quarter in the prior year, the business posted $0.10 earnings per share. The firm’s quarterly revenue was down 16.2% compared to the same quarter last year. On average, equities analysts expect that Energy Transfer Partners L.P. will post $0.03 earnings per share for the current fiscal year.

About Energy Transfer Partners L.P.

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