Zacks: Brokerages Expect Energy Transfer Partners LP (ETP) to Post $0.34 Earnings Per Share
Wall Street analysts expect that Energy Transfer Partners LP (NYSE:ETP) will report earnings of $0.34 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Energy Transfer Partners’ earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.12. Energy Transfer Partners reported earnings of $0.33 per share in the same quarter last year, which suggests a positive year over year growth rate of 3%. The company is expected to announce its next quarterly earnings report on Tuesday, November 6th.
On average, analysts expect that Energy Transfer Partners will report full year earnings of $1.01 per share for the current year, with EPS estimates ranging from $0.96 to $1.07. For the next fiscal year, analysts expect that the business will report earnings of $1.62 per share, with EPS estimates ranging from $1.12 to $2.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Energy Transfer Partners.
Energy Transfer Partners (NYSE:ETP) last issued its quarterly earnings results on Wednesday, August 8th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.12). The business had revenue of $9.41 billion during the quarter, compared to the consensus estimate of $8.52 billion. Energy Transfer Partners had a return on equity of 8.00% and a net margin of 8.24%.
Shares of Energy Transfer Partners stock opened at $21.61 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.99 and a quick ratio of 0.80. The stock has a market capitalization of $25.96 billion, a P/E ratio of 30.01, a price-to-earnings-growth ratio of 1.65 and a beta of 1.28. Energy Transfer Partners has a 1 year low of $15.06 and a 1 year high of $24.38.
In related news, CFO Thomas E. Long purchased 10,000 shares of Energy Transfer Partners stock in a transaction dated Friday, September 14th. The stock was purchased at an average cost of $22.33 per share, for a total transaction of $223,300.00. Following the completion of the purchase, the chief financial officer now directly owns 174,625 shares of the company’s stock, valued at approximately $3,899,376.25. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kelcy L. Warren purchased 1,633,554 shares of Energy Transfer Partners stock in a transaction dated Monday, September 10th. The stock was bought at an average price of $22.50 per share, with a total value of $36,754,965.00. The disclosure for this purchase can be found here. Insiders bought 2,010,000 shares of company stock valued at $45,080,386 over the last quarter. Company insiders own 3.74% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. boosted its holdings in shares of Energy Transfer Partners by 18.8% in the second quarter. Alps Advisors Inc. now owns 59,550,445 shares of the pipeline company’s stock worth $1,067,144,000 after buying an additional 9,440,341 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Energy Transfer Partners by 6.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 41,992,731 shares of the pipeline company’s stock worth $799,542,000 after buying an additional 2,468,036 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its holdings in shares of Energy Transfer Partners by 2.0% in the first quarter. Kayne Anderson Capital Advisors LP now owns 34,311,750 shares of the pipeline company’s stock worth $556,518,000 after buying an additional 657,243 shares during the last quarter. Brookfield Asset Management Inc. boosted its holdings in shares of Energy Transfer Partners by 273.6% in the first quarter. Brookfield Asset Management Inc. now owns 19,195,528 shares of the pipeline company’s stock worth $311,352,000 after buying an additional 14,057,785 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Energy Transfer Partners in the second quarter worth approximately $240,750,000. Hedge funds and other institutional investors own 61.41% of the company’s stock.
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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