Energy Transfer Partners L.P.’s (ETP) Buy Rating Reaffirmed at Mizuho

Energy Transfer Partners L.P.’s (ETP) Buy Rating Reaffirmed at Mizuho

Mizuho restated their buy rating on shares of Energy Transfer Partners L.P. (NYSE:ETP) in a research note issued to investors on Monday morning.

ETP has been the subject of a number of other reports. Vetr upgraded shares of Energy Transfer Partners L.P. from a buy rating to a strong-buy rating and set a $41.75 price target for the company in a research note on Monday, November 21st. Sanford C. Bernstein upgraded shares of Energy Transfer Partners L.P. from a market perform rating to an outperform rating in a research note on Monday, November 7th. RBC Capital Markets set a $48.00 price target on shares of Energy Transfer Partners L.P. and gave the stock a buy rating in a research note on Sunday, December 4th. TheStreet lowered shares of Energy Transfer Partners L.P. from a buy rating to a hold rating in a research note on Monday, September 12th. Finally, Stifel Nicolaus lowered shares of Energy Transfer Partners L.P. from a buy rating to a hold rating and reduced their price target for the stock from $48.00 to $37.00 in a research note on Tuesday, November 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. Energy Transfer Partners L.P. presently has an average rating of Hold and an average target price of $42.52.

Shares of Energy Transfer Partners L.P. (NYSE:ETP) opened at 36.39 on Monday. Energy Transfer Partners L.P. has a 1-year low of $18.62 and a 1-year high of $43.50. The stock’s market capitalization is $19.75 billion. The firm has a 50-day moving average of $35.46 and a 200 day moving average of $37.70.

Energy Transfer Partners L.P. (NYSE:ETP) last announced its quarterly earnings results on Wednesday, November 9th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates 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 company earned $5.53 billion during the quarter. During the same period in the previous year, the company earned $0.10 EPS. The firm’s revenue for the quarter was down 16.2% on a year-over-year basis. Analysts predict that Energy Transfer Partners L.P. will post $0.13 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in ETP. Fox Run Management L.L.C. bought a new position in Energy Transfer Partners L.P. during the second quarter valued at approximately $213,000. Private Trust Co. NA increased its position in Energy Transfer Partners L.P. by 97.3% in the second quarter. Private Trust Co. NA now owns 20,274 shares of the company’s stock valued at $771,000 after buying an additional 10,000 shares during the period. Adams Asset Advisors LLC increased its position in Energy Transfer Partners L.P. by 4.0% in the second quarter. Adams Asset Advisors LLC now owns 151,829 shares of the company’s stock valued at $5,780,000 after buying an additional 5,892 shares during the period. Evanson Asset Management LLC increased its position in Energy Transfer Partners L.P. by 4.5% in the second quarter. Evanson Asset Management LLC now owns 8,711 shares of the company’s stock valued at $332,000 after buying an additional 372 shares during the period. Finally, Addison Capital Co bought a new position in Energy Transfer Partners L.P. during the second quarter valued at approximately $707,000. 59.12% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Transfer Partners L.P.

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