Energy Transfer Partners (ETP) Set to Announce Quarterly Earnings on Wednesday

Energy Transfer Partners (NYSE:ETP) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.28 per share for the quarter.

Shares of Energy Transfer Partners (NYSE:ETP) opened at $18.95 on Wednesday. The company has a market cap of $21,900.00, a PE ratio of 31.58 and a beta of 0.91. Energy Transfer Partners has a fifty-two week low of $15.25 and a fifty-two week high of $26.69. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 1.09.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Thursday, February 8th will be issued a dividend of $0.565 per share. This represents a $2.26 annualized dividend and a yield of 11.93%. The ex-dividend date is Wednesday, February 7th. Energy Transfer Partners’s dividend payout ratio (DPR) is presently 376.67%.

ETP has been the topic of several recent research reports. ValuEngine raised shares of Energy Transfer Partners from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of Energy Transfer Partners from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Tudor Pickering raised shares of Energy Transfer Partners from a “hold” rating to a “buy” rating in a report on Wednesday, December 13th. US Capital Advisors downgraded shares of Energy Transfer Partners from an “overweight” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Morgan Stanley lowered their price target on shares of Energy Transfer Partners from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $25.86.

An institutional investor recently raised its position in Energy Transfer Partners stock. State Street Corp boosted its stake in Energy Transfer Partners LP (NYSE:ETP) by 57.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,937 shares of the pipeline company’s stock after purchasing an additional 51,004 shares during the quarter. State Street Corp’s holdings in Energy Transfer Partners were worth $2,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 61.56% of the company’s stock.

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Energy Transfer Partners Company Profile

Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.

Earnings History for Energy Transfer Partners (NYSE:ETP)

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