Energy Transfer Partners (NYSE:ETP) – Analysts at US Capital Advisors increased their FY2018 earnings per share estimates for shares of Energy Transfer Partners in a report released on Wednesday, October 17th, Zacks Investment Research reports. US Capital Advisors analyst B. Followill now anticipates that the company will earn $1.06 per share for the year, up from their previous estimate of $1.01.
Energy Transfer Partners (NYSE:ETP) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.12). The firm had revenue of $9.41 billion for the quarter, compared to analysts’ expectations of $8.52 billion.
A number of hedge funds and other institutional investors have recently made changes to their positions in ETP. Northern Trust Corp increased its holdings in Energy Transfer Partners by 2.7% in the 1st quarter. Northern Trust Corp now owns 599,208 shares of the company’s stock valued at $9,719,000 after acquiring an additional 15,742 shares during the last quarter. Sei Investments Co. increased its holdings in Energy Transfer Partners by 14.8% in the 1st quarter. Sei Investments Co. now owns 45,649 shares of the company’s stock valued at $741,000 after acquiring an additional 5,877 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in Energy Transfer Partners by 55.6% in the 1st quarter. Allianz Asset Management GmbH now owns 404,738 shares of the company’s stock valued at $6,565,000 after acquiring an additional 144,592 shares during the last quarter. United Capital Financial Advisers LLC increased its holdings in Energy Transfer Partners by 3.8% in the 1st quarter. United Capital Financial Advisers LLC now owns 101,029 shares of the company’s stock valued at $1,639,000 after acquiring an additional 3,708 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in Energy Transfer Partners by 31.2% in the 1st quarter. LPL Financial LLC now owns 358,050 shares of the company’s stock valued at $5,808,000 after acquiring an additional 85,195 shares during the last quarter.
In other news, CEO Kelcy L. Warren acquired 2,000,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were purchased at an average cost of $22.42 per share, for a total transaction of $44,840,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
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.
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