BB&T Securities LLC Has $3.79 Million Holdings in Energy Transfer Partners LP (ETP)

BB&T Securities LLC cut its holdings in Energy Transfer Partners LP (NYSE:ETP) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,003 shares of the pipeline company’s stock after selling 5,525 shares during the period. BB&T Securities LLC’s holdings in Energy Transfer Partners were worth $3,789,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Quad Cities Investment Group LLC acquired a new stake in Energy Transfer Partners in the second quarter valued at $100,000. Squar Milner Financial Services LLC acquired a new stake in Energy Transfer Partners in the second quarter valued at $115,000. NuWave Investment Management LLC acquired a new stake in Energy Transfer Partners in the second quarter valued at $144,000. IndexIQ Advisors LLC acquired a new stake in Energy Transfer Partners in the second quarter valued at $146,000. Finally, Smithfield Trust Co. raised its stake in Energy Transfer Partners by 72.6% in the first quarter. Smithfield Trust Co. now owns 9,350 shares of the pipeline company’s stock valued at $152,000 after buying an additional 3,934 shares in the last quarter. Institutional investors own 61.47% of the company’s stock.

ETP opened at $22.44 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.80 and a current ratio of 0.99. Energy Transfer Partners LP has a one year low of $15.06 and a one year high of $24.38. The stock has a market cap of $26.31 billion, a PE ratio of 31.17, a PEG ratio of 1.67 and a beta of 1.28.

In other news, CEO Kelcy L. Warren bought 1,633,554 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were acquired at an average price of $22.50 per share, for a total transaction of $36,754,965.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is currently owned by insiders.

A number of research firms have weighed in on ETP. ValuEngine upgraded Energy Transfer Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Morgan Stanley restated an “equal weight” rating and issued a $27.00 price target (up from $22.00) on shares of Energy Transfer Partners in a research note on Friday, August 3rd. Wolfe Research upgraded Energy Transfer Partners from a “market perform” rating to an “outperform” rating in a research note on Friday, August 3rd. Stifel Nicolaus restated a “buy” rating and issued a $27.00 price target (up from $24.00) on shares of Energy Transfer Partners in a research note on Friday, August 10th. Finally, US Capital Advisors upgraded Energy Transfer Partners from a “hold” rating to an “overweight” rating and set a $26.00 price target on the stock in a research note on Friday, August 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $24.00.

Energy Transfer Partners Company Profile

Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company's Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas through connections with other pipeline systems, as well as through its ET Fuel System and HPL System.

Featured Article: Trading Strategy Methods for Individual Investors

Institutional Ownership by Quarter for Energy Transfer Partners (NYSE:ETP)

Receive News & Ratings for Energy Transfer Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply