Insider Selling: Energy Transfer Partners, L.P. Sells 1,200,000 Shares of Amerigas Partners Lp Stock (APU)
Amerigas Partners Lp (NYSE:APU) major shareholder Energy Transfer Partners, L.P. unloaded 1,200,000 shares of the stock on the open market in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $44.01, for a total transaction of $52,812,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
A number of research firms have recently commented on APU. Analysts at Zacks downgraded shares of Amerigas Partners Lp from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, December 23rd. They now have a $46.10 price target on the stock. Finally, analysts at Barclays cut their price target on shares of Amerigas Partners Lp from $45.00 to $43.00 in a research note to investors on Wednesday, November 20th. They now have an “underweight” rating on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.62.
Amerigas Partners Lp (NYSE:APU) traded down 0.59% on Monday, hitting $42.10. The stock had a trading volume of 341,012 shares. Amerigas Partners Lp has a 52 week low of $41.23 and a 52 week high of $50.45. The stock’s 50-day moving average is $43.3 and its 200-day moving average is $43.60. The company has a market cap of $3.908 billion and a P/E ratio of 19.80.
Amerigas Partners Lp (NYSE:APU) last announced its earnings results on Monday, November 18th. The company reported ($0.63) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.48) by $0.15. On average, analysts predict that Amerigas Partners Lp will post $2.82 earnings per share for the current fiscal year.
AmeriGas Partners, L.P. (NYSE:APU) is a retail propane distributor in the United States.
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