Credit Suisse Group Initiates Coverage on Energy Transfer Partners (ETP)

Lloyd Doyle
January 23, 2018

It has underperformed by 36.98% the S&P500. Harvest Fund Advisors LLC now owns 45,684,871 shares of the pipeline company's stock worth $794,003,000 after acquiring an additional 3,914,284 shares during the last quarter. Hedge funds and other institutional investors own 62.17% of the company's stock. Energy Transfer Equity Lp now has $19.37 billion valuation. They may also be used to assist the trader figure out proper support and resistance levels for the stock.

Walnut Private Equity Partners Llc holds 20.07% of its portfolio in Energy Transfer Equity, L.P. for 1.44 million shares. RBC Capital Markets maintained the stock with "Outperform" rating in Monday, January 25 report.

Summit Equities Inc, which manages about $2.45 billion and $543.25B US Long portfolio, upped its stake in Vanguard Index Fds Total Stk Mkt (VTI) by 112,100 shares to 2.03 million shares, valued at $263.18 billion in 2017Q3, according to the filing. The company's outstanding shares are 1.16 Billion. Zacks Investment Research upgraded Energy Transfer Partners from a "hold" rating to a "buy" rating and set a $19.00 target price on the stock in a research report on Tuesday, November 14th. Therefore 67% are positive. The rating was maintained by S&P Research with "Buy" on Monday, August 17. The firm earned "Market Perform" rating on Wednesday, November 23 by BMO Capital Markets.

Energy Transfer Partners (NYSE:ETP) last released its quarterly earnings data on Tuesday, November 7th. Goldman Sachs maintained the stock with "Neutral" rating in Wednesday, July 13 report. The stock's average target of $20 is 11.67% above today's ($17.91) share price. As per Thursday, September 14, the company rating was maintained by Robert W. Baird. The firm has "Outperform" rating by Raymond James given on Thursday, January 12.


Investors sentiment increased to 0.88 in 2017 Q3. Its down 0.35, from 1.58 in 2017Q2. It improved, as 25 investors sold ETE shares while 100 reduced holdings. 41 funds opened positions while 78 raised stakes. It has ditched 2.99 million shares. AllSquare Wealth Management LLC acquired a new stake in shares of Energy Transfer Equity in the third quarter valued at about $139,000. Marshall Wace Limited Liability Partnership invested in 0.17% or 111,298 shares. Camelot Portfolios Ltd Liability Com accumulated 22,911 shares.

Price-to-Earnings Ratio is the current share price divided by annual earnings per share.

Shares of Energy Transfer Partners (NYSE:ETP) traded down $0.42 during trading hours on Thursday, reaching $19.83. The Washington-based Washington Tru Natl Bank has invested 0% in Energy Transfer Equity, L.P. (NYSE:ETE). Hennessy Advsrs reported 208,500 shares stake. Cullinan has invested 0.02% in Energy Transfer Partners, L.P. (NYSE:ETP). Cohen And Steers Inc holds 0.03% or 629,660 shares. Diversified Trust stated it has 113,868 shares or 0.15% of all its holdings. Old West Inv Lc has 89,855 shares. Jpmorgan Chase And has 0% invested in Sanchez Energy Corporation (NYSE:SN) for 1.79 million shares. Energy Transfer Partners, L.P. (NYSE:ETP) has declined 20.28% since January 20, 2017 and is downtrending. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.11. Narrowing in further, the stock has been recently noted at -3.45% away from the 30 day high and +7.06% separated from the 30 day low. During the same period in the previous year, the business posted ($0.49) earnings per share. analysts predict that Energy Transfer Partners LP will post 0.66 EPS for the current fiscal year. The company operates in the Energy sector with a market capitalization of 22.91 Million. The Company's SilverLink networking platform provides clients the ability to communicate with devices connected to the power grid. It is down 0.00% since January 21, 2017 and is. The insider Reeves Donald L. III sold 9,611 shares worth $124,649. Atalanta Sosnoff reported 1.69M shares. On Friday, December 15 Bell Michael sold $6,415 worth of Silver Spring Networks, Inc. (NYSE:SSNI) or 395 shares.

Investors sentiment decreased to 0.69 in 2017 Q3. Its up 0.01, from 1.13 in 2017Q2. It fall, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 26,743 are held by Global X Mgmt Limited Company. Virginia-based Mngmt Of Virginia Limited Liability Corp has invested 0.02% in Sanchez Energy Corporation (NYSE:SN). Homrich & Berg stated it has 0.02% in Energy Transfer Equity, L.P. (NYSE:ETE). (NYSE:SSNI). Rothschild Asset Management Inc has 635,507 shares. Capital Advisors Limited Liability Co accumulated 158,033 shares or 0.2% of the stock. The stock of Donegal Group Inc. The New York-based C V Starr & Co Inc has invested 8.92% in the stock. (NYSE:SSNI). Morgan Stanley reported 0% of its portfolio in Silver Spring Networks, Inc. Advisory Services Network LLC grew its stake in shares of Energy Transfer Equity by 12.6% in the second quarter. The stock is now has its Return on Assets (ROA) value of 0.7 Percent. Bancorp Of Ny Mellon has invested 0.92% in Citigroup Inc. Moreover, Signaturefd Ltd Limited Liability Company has 0.33% invested in General Electric Company (NYSE:GE) for 103,317 shares.

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