Share on StockTwits

Energy Transfer Partners (NYSE:ETP) announced a quarterly dividend on Thursday, July 24th, reports. Stockholders of record on Monday, August 4th will be paid a dividend of 0.955 per share on Thursday, August 14th. This represents a $3.82 annualized dividend and a dividend yield of 6.57%.

ETP has been the subject of a number of recent research reports. Analysts at Deutsche Bank cut their price target on shares of Energy Transfer Partners from $69.00 to $65.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. On the ratings front, analysts at Wells Fargo & Co. upgraded shares of Energy Transfer Partners from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 2nd. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Energy Transfer Partners in a research note on Wednesday, June 4th. They now have a $64.00 price target on the stock, up previously from $60.00. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Energy Transfer Partners presently has a consensus rating of “Buy” and an average target price of $61.25.

Energy Transfer Partners (NYSE:ETP) traded up 1.11% during mid-day trading on Thursday, hitting $58.785. 433,089 shares of the company’s stock traded hands. Energy Transfer Partners has a one year low of $49.40 and a one year high of $58.41. The stock’s 50-day moving average is $56.96 and its 200-day moving average is $55.39. The company’s market cap is $18.723 billion.

Energy Transfer Partners (NYSE:ETP) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.61. The company had revenue of $12.23 billion for the quarter, compared to the consensus estimate of $769.97 million. During the same quarter last year, the company posted $0.60 earnings per share. Energy Transfer Partners’s revenue was up 12.7% compared to the same quarter last year. Analysts expect that Energy Transfer Partners will post $2.71 EPS for the current fiscal year.

Energy Transfer Partners, L.P. (NYSE:ETP) is a limited partnership in the United States engaged in natural gas operations.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.