Texas Yale Capital Corp. Has $6.76 Million Position in Energy Transfer Partners LP (ETP)
Texas Yale Capital Corp. trimmed its stake in shares of Energy Transfer Partners LP (NYSE:ETP) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 377,394 shares of the pipeline company’s stock after selling 16,718 shares during the period. Energy Transfer Partners comprises 0.6% of Texas Yale Capital Corp.’s holdings, making the stock its 26th largest position. Texas Yale Capital Corp.’s holdings in Energy Transfer Partners were worth $6,763,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of ETP. Cerebellum GP LLC acquired a new stake in Energy Transfer Partners in the fourth quarter valued at approximately $127,000. Exane Derivatives grew its holdings in Energy Transfer Partners by 15,645.8% in the fourth quarter. Exane Derivatives now owns 7,558 shares of the pipeline company’s stock valued at $135,000 after purchasing an additional 7,510 shares during the period. Toronto Dominion Bank grew its holdings in Energy Transfer Partners by 50.0% in the second quarter. Toronto Dominion Bank now owns 8,250 shares of the pipeline company’s stock valued at $168,000 after purchasing an additional 2,750 shares during the period. B. Riley Financial Inc. acquired a new stake in Energy Transfer Partners in the third quarter valued at approximately $185,000. Finally, TD Asset Management Inc. acquired a new stake in Energy Transfer Partners in the third quarter valued at approximately $187,000. 61.56% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have commented on ETP. Bank of America began coverage on Energy Transfer Partners in a report on Tuesday, January 9th. They issued a “buy” rating on the stock. Goldman Sachs Group lowered Energy Transfer Partners from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a report on Tuesday, October 17th. Robert W. Baird set a $28.00 price objective on Energy Transfer Partners and gave the company a “buy” rating in a report on Saturday, November 18th. Credit Suisse Group began coverage on Energy Transfer Partners in a report on Thursday, January 4th. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Zacks Investment Research raised Energy Transfer Partners from a “sell” rating to a “hold” rating in a report on Monday, January 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $25.86.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Thursday, February 8th will be given a $0.565 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $2.26 annualized dividend and a dividend yield of 12.18%. Energy Transfer Partners’s dividend payout ratio (DPR) is presently 376.67%.
Energy Transfer Partners 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.
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