Energy Transfer (ETP) Rating Upped
Tudor Pickering gave Energy Transfer (ETP) shares a new “Buy” rating in a report made public on Wednesday morning. This is raise from the previous “Hold” rating.
Despite the stock upgrade ETP is right now trading 0.00% lower at $0.00 as of 6:03 PM New York time. Energy Transfer’s stock is 0% in the last 200 days. It has underperformed the S&P500, which has gained 6.00% in the same time period.
According to data compiled by Thomson Reuters, Energy Transfer (ETP)’s stock is covered by 15 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $39.8, which reflects an upside potential of ∞% over the current price.
Harvest Fund Advisors Llc had the biggest stake with ownership of 22.50M shares as of Q2 2015 for 8.85% of the fund’s portfolio. Kayne Anderson Capital Advisors Lp is another quite bullish active investment manager who is possessing 21.06M shares of Energy Transfer or 8.77% of their fund’s portfolio. Also, Whetstone Capital Advisors Llc have 7.2% of their fund’s portfolio invested in the company for 414,604 shares. The Colorado-based fund Alps Advisors Inc revealed it had bought so far a stake worth about 6.73% of the active investment manager’s stock portfolio in Energy Transfer. The Texas-based fund Cushing Asset Management Lp is also positive about the stock, possessing 22.30M shares or 6.01% of their fund’s portfolio.
Energy Transfer (ETP) closed at $0 yesterday. A total of shares of the company’s stock traded hands. This is down from average of shares. Energy Transfer has a 52 week low of $0.00 and a 52 week high of $0. The company has a market cap of $ and a P/E ratio of 0.
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