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ETP $21.47

ETP target price
21.47
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Energy Transfer Partners
Type
Public
Traded as NYSE: ETP
Industry Energy
Founded 1995 (1995)
Headquarters Dallas, Texas, U.S.
Key people
Kelcy L. Warren, CEO
Products natural gas, propane
Number of employees
9,466
Subsidiaries Southern Union Company
Sunoco
Dakota Access
Website www.energytransfer.com

Energy Transfer Partners is a U.S. Fortune 500 natural gas and propane company, founded in 1995 and headquartered in Dallas, Texas. As of January 2016, the company employed 9,466 individuals. Kelcy Warren is the founder and current Chairman of the Board and Chief Executive Officer. It is the parent company of Dakota Access, LLC, the company responsible for developing the controversial Dakota Access Pipeline.

ETE is a master limited partnership, which owns the general partner and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P.(ETP) and about 50.2 million ETP limited partner units; it owns the general partner and 100% of the IDRs of Regency Energy Partners LP and about 26.3 million RGP limited partner units. ETE also owns a non-controlling interest in a corporation (ETP Holdco Corporation) that owns Southern Union Company and Sunoco, Inc. The ETE family of companies owns approximately 71,000 miles of natural gas, natural gas liquids, refined products, and crude pipelines. Energy Transfer Partners, L.P. is the parent company of Dakota Access, LLC, the company developing the controversial Dakota Access Pipeline.

ETP holds a 100% interest in Lone Star NGL, a joint venture that owns and operates natural gas liquids storage, fractionation and transportation assets in Texas, Louisiana and Mississippi. ETP Holdco Corporation also owns Southern Union Company.

In October 2012, Sunoco, Inc. became a wholly owned subsidiary of ETP via ETP HoldCo Corporation. It acquired the general partner interests, 100% of the incentive distribution rights, and a 32.4% limited partnership interest in Sunoco Logistics Partners L.P., which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminating and crude oil acquisition and marketing assets.

In 2014, ETP acquired Stripes, a chain of 580+ convenience stores in Texas, New Mexico, and Oklahoma. The convenience stores and retail portfolio are now branded under Sunoco and Aplus names as of year-end 2015.

In January 2015, ETP acquired its affiliate Regency Energy Partners for around $11 billion.

Dakota Access, LLC is an ETP subsidiary, tasked with building the Bakken pipeline, also known as the Dakota Access Pipeline. In April 2016, three federal agencies — U.S. Environmental Protection Agency, U.S. Department of Interior, and Advisory Council on Historic Preservation — requested a full Environmental Impact Statement of the pipeline. In July, the Standing Rock Sioux Tribe filed an injunction against the US Army Corps of Engineers to stop building the pipeline. A group of young activists from Standing Rock ran from North Dakota to Washington, D.C., to present a petition in protest of the construction of the pipeline and launched an international campaign called ReZpect Our Water. Protests have since erupted at a construction site near the Cannonball River in North Dakota, resulting in the arrest of hundreds and the use of force by a private security company, North Dakota State and county police, and the New Mexico National Guard.

Energy Transfer has sued the environmental groups Greenpeace, BankTrack and earth first of terrorism under the patriot act Energy Tranfer is accusing these activists of attempting to profit on their 'eco-terrorism'. . Banktrack has responded that this case has no merit. and that it is within their right to inform the public and banks about projects with 'actual negative social, environmental and human rights impacts.' .

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-07-07 Boost Price Target Deutsche Bank AG Buy $44.00 to $47.00
2016-05-31 Boost Price Target Barclays Overweight $42.00 to $48.00
2016-05-31 Boost Price Target Barclays PLC Overweight $42.00 to $48.00
2016-05-20 Upgrade Goldman Sachs Neutral to Buy $33.00 to $40.00
2016-05-20 Upgrade Goldman Sachs Group Inc. Neutral to Buy $33.00 to $40.00
2016-05-12 Boost Price Target Goldman Sachs Neutral $29.00 to $33.00
2016-05-11 Initiated Coverage Sanford C. Bernstein Market Perform $39.00
2016-04-19 Initiated Coverage BMO Capital Markets Outperform $38.00
2016-04-04 Downgrade Stifel Nicolaus Buy to Hold
2016-04-04 Boost Price Target Barclays Overweight $35.00 to $42.00
2016-03-22 Lower Price Target Jefferies Group Buy $47.00 to $46.00
2016-03-02 Reiterated Rating Credit Suisse Buy
2016-03-02 Reiterated Rating Credit Suisse Group AG Buy
2016-03-01 Lower Price Target Credit Suisse Outperform $42.00 to $40.00
2016-02-29 Lower Price Target Barclays Overweight $42.00 to $35.00
2016-02-26 Reiterated Rating Stifel Nicolaus Buy $33.00 to $32.00
2016-02-25 Downgrade Bank of America Buy to Neutral $30.00 to $28.00
2016-02-25 Downgrade Bank of America Corp. Buy to Neutral $30.00 to $28.00
2016-02-08 Downgrade Robert W. Baird Outperform to Neutral $51.00 to $25.00
2016-01-28 Reiterated Rating Stifel Nicolaus Buy
2016-01-22 Downgrade Oppenheimer Outperform to Market Perform
2016-01-22 Downgrade Oppenheimer Holdings Inc. Outperform to Market Perform
2016-01-14 Lower Price Target Jefferies Group Buy $48.00 to $47.00
2015-12-18 Initiated Coverage Jefferies Group Buy $48.00
2015-12-14 Lower Price Target Barclays Overweight $62.00 to $45.00
2015-11-24 Lower Price Target RBC Capital Outperform $67.00 to $63.00
2015-11-24 Lower Price Target Royal Bank Of Canada Outperform $67.00 to $63.00
2015-11-16 Reiterated Rating Deutsche Bank Buy $61.00 to $52.00
2015-11-16 Reiterated Rating Deutsche Bank AG Buy $61.00 to $52.00
2015-11-10 Reiterated Rating Oppenheimer Outperform $55.00
2015-11-06 Boost Price Target Credit Suisse Outperform $68.00
2015-10-26 Initiated Coverage Evercore ISI Buy $50.00
2015-10-20 Lower Price Target Deutsche Bank Buy $67.00 to $61.00
2015-10-19 Reiterated Rating Barclays Overweight $70.00 to $62.00
2015-10-08 Upgrade Oppenheimer Market Perform to Outperform
2015-09-21 Lower Price Target RBC Capital Outperform $74.00 to $67.00
2015-09-11 Lower Price Target Goldman Sachs Neutral $64.00 to $52.00
2015-08-10 Reiterated Rating Stifel Nicolaus Buy $60.00
2015-06-19 Upgrade Bank of America Neutral to Buy $64.00
2015-06-16 Boost Price Target JPMorgan Chase & Co. Overweight $72.00 to $73.00
2015-06-08 Reiterated Rating Barclays Overweight $70.00
2015-05-18 Initiated Coverage Deutsche Bank Buy $67.00
2015-05-01 Upgrade Raymond James Market Perform to Outperform
2015-05-01 Initiated Coverage JPMorgan Chase & Co. Overweight $77.00 to $72.00
2015-05-01 Upgrade Raymond James Financial Inc. Market Perform to Outperform
2015-04-08 Reiterated Rating Goldman Sachs Neutral $63.00
2015-01-21 Upgrade Credit Suisse Neutral to Outperform $78.00 to $77.00
2014-12-04 Upgrade Robert W. Baird Neutral to Outperform $65.00 to $77.00
2014-11-07 Reiterated Rating Barclays Overweight $74.00 to $77.00
2014-11-07 Reiterated Rating Stifel Nicolaus Buy $62.00 to $68.00
2014-11-03 Boost Price Target RBC Capital Outperform $63.00 to $72.00
2014-10-13 Reiterated Rating Barclays Overweight $68.00 to $74.00
2014-10-07 Initiated Coverage Tudor Pickering Buy $115.00
2014-09-29 Upgrade Morgan Stanley Equal Weight to Overweight $58.00 to $70.00
2014-09-10 Initiated Coverage Barclays Overweight $68.00
2014-09-02 Initiated Coverage Credit Suisse Neutral $64.00
2014-08-11 Boost Price Target RBC Capital Outperform $61.00 to $63.00
2014-08-08 Reiterated Rating Credit Suisse Neutral $60.00 to $62.00
2014-07-11 Lower Price Target Deutsche Bank Buy $69.00 to $65.00
2014-07-02 Upgrade Wells Fargo & Co. Market Perform to Outperform
2014-07-02 Upgrade Wells Fargo Market Perform to Outperform
2014-06-04 Reiterated Rating JPMorgan Chase & Co. Overweight $60.00 to $64.00
2014-05-12 Boost Price Target RBC Capital $60.00 to $61.00
2014-05-08 Reiterated Rating Credit Suisse Neutral $58.00 to $60.00
2014-05-08 Reiterated Rating Stifel Nicolaus Buy $57.00 to $62.00
2014-01-24 Lower Price Target Credit Suisse $100.00 to $50.00
2014-01-14 Downgrade Barclays Overweight to Equal Weight
2014-01-06 Initiated Coverage Credit Suisse Neutral to Neutral $58.00
2014-01-06 Boost Price Target Deutsche Bank Buy $62.00 to $66.00
2013-11-22 Boost Price Target Barclays $59.00
2013-11-22 Boost Price Target Raymond James $72.00 to $83.00
2013-11-21 Boost Price Target Deutsche Bank Buy $60.00 to $62.00
2013-11-08 Boost Price Target RBC Capital Outperform $53.00 to $59.00
2013-11-07 Reiterated Rating Stifel Nicolaus Buy $55.00 to $56.50
2011-10-18 Reiterated Wunderlich Hold $52 to $46
2011-09-15 Downgrade Barclays Capital Overweight to Equal Weight $59 to $49
2011-09-09 Upgrade RBC Capital Mkts Sector Perform to Outperform $53 to $54
2011-07-07 Downgrade Wunderlich Buy to Hold $56 to $52
2011-05-09 Reiterated Wunderlich Buy $60 to $56
2011-05-05 Downgrade Morgan Keegan Outperform to Mkt Perform $58 to $54.50
2010-03-30 Initiated JP Morgan Neutral
2010-01-26 Reiterated Credit Suisse Outperform $48 to $50
2016-07-07 Boost Price Target Deutsche Bank AG Buy $44.00 to $47.00
2016-05-31 Boost Price Target Barclays Overweight $42.00 to $48.00
2016-05-31 Boost Price Target Barclays PLC Overweight $42.00 to $48.00
2016-05-20 Upgrade Goldman Sachs Neutral to Buy $33.00 to $40.00
2016-05-20 Upgrade Goldman Sachs Group Inc. Neutral to Buy $33.00 to $40.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Energy Transfer Equity, L.P. 30.64%  (99711069) ETE / ETP / RGP /
LE GP LLC 30.64%  (99711069) ETP / RGP /
Energy Transfer Partners, L.P. 1.22%  (3983540) APU / ETE / ETP / SUSP /
Mason Thomas P VP General Counsel & Secretary 0.07%  (216622) ETE / ETP / SXL /
GLASKE PAUL E 0.03%  (99341) ETE / ETP / LINC /
Salinas Martin Chief Financial Officer 0.03%  (89257) ETP / NBLX / SXL /
BYRNE BILL W 0.02%  (74130) ETE / ETP /
OWENS ROBERT W President-Retail Marketing 0.02%  (69444) ETP / SUSP /
Welch Jamie 0.02%  (69155) CQP / ETE / ETP / SXL /
DAVIS RAY C 0.02%  (54849) ETE / ETP / SXL /
Cargile Richard A. President-Midstream 0.02%  (51087) ETP /
Powers William G JR President - Propane Operations 0.02%  (50015) ETP /
LANGDON JERRY J Chief Adminstrative Officer 0.01%  (40096) AXAS / ETP /