Insider Selling: Energy Transfer Partners, L.P. Sells 8,500,000 Shares of AmeriGas Partners, L.P. Stock (APU)
AmeriGas Partners, L.P. (NYSE:APU) major shareholder Energy Transfer Partners, L.P. sold 8,500,000 shares of AmeriGas Partners, L.P. stock on the open market in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $44.40, for a total transaction of $377,400,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
A number of analysts have recently weighed in on APU shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of AmeriGas Partners, L.P. in a research note on Monday, June 2nd. They now have a $49.00 price target on the stock, up previously from $46.00. Analysts at Credit Suisse upgraded shares of AmeriGas Partners, L.P. from an “underperform” rating to a “neutral” rating in a research note on Friday, May 9th. They now have a $44.00 price target on the stock, up previously from $43.00. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.42.
Shares of AmeriGas Partners, L.P. (NYSE:APU) traded up 0.22% during mid-day trading on Wednesday, hitting $45.25. The stock had a trading volume of 654,924 shares. AmeriGas Partners, L.P. has a 52-week low of $40.96 and a 52-week high of $50.45. The stock has a 50-day moving average of $46.56 and a 200-day moving average of $43.89. The company has a market cap of $4.202 billion and a price-to-earnings ratio of 18.13.
AmeriGas Partners, L.P. (NYSE:APU) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by $0.52. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. On average, analysts predict that AmeriGas Partners, L.P. will post $2.97 earnings per share for the current fiscal year.
AmeriGas Partners, L.P. (NYSE:APU) is a holding company.
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