Energy Transfer Partners (ETP) Short Interest Down 23.4% in May
Energy Transfer Partners (NYSE:ETP) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 13,782,475 shares, a decrease of 23.4% from the April 30th total of 17,984,229 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily volume of 6,598,024 shares, the days-to-cover ratio is currently 2.1 days.
ETP has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Energy Transfer Partners from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Stifel Nicolaus set a $27.00 target price on shares of Energy Transfer Partners and gave the stock a “buy” rating in a research report on Friday, February 23rd. Robert W. Baird set a $22.00 target price on shares of Energy Transfer Partners and gave the stock a “buy” rating in a research report on Tuesday, February 27th. ValuEngine downgraded shares of Energy Transfer Partners from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Mizuho reissued a “buy” rating on shares of Energy Transfer Partners in a research report on Monday, March 19th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. Energy Transfer Partners currently has a consensus rating of “Hold” and a consensus target price of $24.40.
Shares of NYSE:ETP opened at $18.99 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.92 and a quick ratio of 0.70. Energy Transfer Partners has a 52-week low of $15.06 and a 52-week high of $22.70. The company has a market capitalization of $21.52 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 1.01 and a beta of 0.96.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, May 7th were given a dividend of $0.565 per share. This represents a $2.26 dividend on an annualized basis and a dividend yield of 11.90%. The ex-dividend date was Friday, May 4th. Energy Transfer Partners’s payout ratio is currently 313.89%.
In other Energy Transfer Partners news, Director Michael K. Grimm bought 4,600 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The stock was purchased at an average price of $17.06 per share, with a total value of $78,476.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.17% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in ETP. Exane Derivatives grew its position in shares of Energy Transfer Partners by 15,645.8% during the fourth quarter. Exane Derivatives now owns 7,558 shares of the pipeline company’s stock worth $135,000 after buying an additional 7,510 shares in the last quarter. IFG Advisory LLC acquired a new stake in shares of Energy Transfer Partners during the fourth quarter worth approximately $556,000. MAI Capital Management grew its position in shares of Energy Transfer Partners by 26.6% during the fourth quarter. MAI Capital Management now owns 159,181 shares of the pipeline company’s stock worth $2,853,000 after buying an additional 33,451 shares in the last quarter. IFC Holdings Incorporated FL grew its position in shares of Energy Transfer Partners by 27.2% during the fourth quarter. IFC Holdings Incorporated FL now owns 19,549 shares of the pipeline company’s stock worth $349,000 after buying an additional 4,178 shares in the last quarter. Finally, Kovack Advisors Inc. acquired a new stake in shares of Energy Transfer Partners during the fourth quarter worth approximately $277,000. 64.09% of the stock is owned by institutional investors and hedge funds.
About Energy Transfer Partners
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.
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