|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||21.43 - 22.29|
|52 Week Range||15.06 - 24.38|
|Beta (3Y Monthly)||2.08|
|PE Ratio (TTM)||19.90|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||2.26 (10.38%)|
|1y Target Est||26.82|
Moody's Investors Service ("Moody's") changed Energy Transfer Partners, L.P.'s (ETP) outlook to stable from negative. The Ba2 secured notes rating on Energy Transfer Equity, L.P. (ETE), ETP's general partner, remains under review for upgrade. Moody's also affirmed Panhandle Eastern Pipe Line Company, LP's Baa3 senior unsecured rating and outlook remains stable.
Energy Transfer Equity now called Energy Transfer LP and trading under NYSE ticker “ET”
Dallas’ largest hedge funds have placed their longest bets on publicly traded companies in a variety of industries, from technology and utilities to health care and social media behemoths, according to an analysis of their most recent regulatory filings.
North Dakota's daily crude production in August broke the previous all-time high set in July, while natural gas output and producing wells also hit records.
NEW YORK, Oct. 18, 2018 /PRNewswire/ -- WeissLaw LLP announced that it has filed a class action on behalf of unitholders of Energy Transfer Partners, L.P. ("ETP") (ETP) seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the proposed acquisition of ETP by Energy Transfer Equity, L.P. ("ETE"). The class action was commenced in the United States District Court for the Northern District of Texas, Dallas Division. The complaint seeks injunctive and other relief on behalf of the named plaintiff and all ETP unitholders, and alleges that in an attempt to secure unitholder approval for the merger, the defendants filed a materially incomplete and misleading proxy statement with the Securities and Exchange Commission in violation of the Exchange Act. The omitted and/or misrepresented information is believed to be material to ETP unitholders' ability to make an informed decision whether to vote in favor of the Proposed Transaction. The plaintiff is represented by WeissLaw, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.
Energy Transfer Equity, L.P. (ETE) (“ETE”) and Energy Transfer Partners, L.P. (ETP) (“ETP”) announced today that at a special meeting of ETP common unitholders held earlier today, ETP’s common unitholders voted to approve and adopt the Agreement and Plan of Merger dated as of August 1, 2018 (the “Merger Agreement”), pursuant to which ETP will merge with ETE (“the merger”). With a quorum voting, the Merger Agreement and merger were approved and adopted by the common unitholders. Following the closing, ETE will change its name to “Energy Transfer LP” and its common units are expected to begin trading on the New York Stock Exchange under the “ET” ticker symbol on Friday, October 19, 2018.
DALLAS , Oct. 17, 2018 /PRNewswire/ -- Alerian announced today that Energy Transfer Partners (NYSE: ETP) is expected to be removed from the Alerian Midstream Energy Index (AMNA), Alerian US Midstream Energy ...
Energy Transfer Partners LP said on Monday that a West Texas pipeline would resume operations on Saturday as planned after the pipeline spilled water with nontoxic green dye and residual crude oil near Abilene, Texas. The spill, which began mid-day Sunday, went into Button Willow Creek and then into Canyon Rock Lake during a recent test, Energy Transfer Partners said. The spill involved an undisclosed amount of water, which contained "a very small amount of residual crude oil," the Dallas pipeline operator said in an email.
DALLAS , Oct. 11, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim rebalance of The Cushing ® MLP Market Cap Index (the "Index"). On August ...
DALLAS , Oct. 11, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing ® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing ® Energy Index (the "Index"). ...
DALLAS , Oct. 11, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing ® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing ® 30 MLP Index (the "Index"). ...
DALLAS , Oct. 11, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing ® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing ® Transportation Index (the "Index"). ...
DALLAS , Oct. 11, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing ® Asset Management, LP announce an upcoming interim change to constituents of The Cushing ® MLP High Income Index (the "Index"). ...
DALLAS , Oct. 11, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing ® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing ® Energy Supply Chain Index (the "Index"). ...
DALLAS , Oct. 11, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing ® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing ® Utility Index (the "Index"). ...
The yield spread between the Alerian MLP Index yield and the US ten-year Treasury yield contracted to 5.0% at the end of Q3 from 5.1% at the end of Q2. The AMZ yield fell until the middle of August but rose again to 8.0% at the end of Q3, the same level as at the end of Q2. However, the ten-year Treasury yield rose to 3.07% at the end of Q3 from 2.85% at the end of Q2. The rise in Treasury yield contributed to the shrinking of the spread between AMZ and the Treasury yield.
Andeavor Logistics (ANDX), Magellan Midstream Partners (MMP), and Plains All American Pipeline (PAA), top Alerian MLP Index constituents by market capitalization, are trading at price-to-DCF (distributable cash flow) ratios higher than the peer average. Andeavor Logistics, Magellan Midstream Partners, and Plains All American Pipeline are trading at price-to-DCF ratios of ~12.4x, 14.6x, and 17.2x, respectively.
Royalty interest owner MLP Viper Energy Partners (VNOM) rose ~32% in the third quarter. The stock has risen ~86% year-to-date. Viper Energy Partners’ interest in the Permian Basin, which has witnessed strong activity, as well as support from sponsor Diamondback Energy (FANG), has contributed to the stock’s outperformance in 2018. Learn more in Why Viper Energy Partners Is Analysts’ Favorite Upstream Company and VNOM, BSM: Comparative Analysis of Two Mineral Interest MLPs.
The Alerian MLP Index, a benchmark index for energy MLPs, rose 4.5% in the third quarter of 2018. The index ended with gains for the second straight quarter. It rose 9.5% in the second quarter. The gains in Q2 and Q3 were, however, largely offset by the index’s fall in the first quarter. Year-to-date, the index was down 0.1% at the end of the third quarter. In comparison, the SPDR S&P 500 ETF (SPY) rose 7.2% in the third quarter. Crude oil prices fell ~1.2% in the third quarter. Oil prices are up ~21% year-to-date.
Energy Transfer Partners, L.P. (ETP) today announced that Institutional Shareholder Services (“ISS”) and Glass Lewis & Co., the two leading independent U.S. proxy advisory firms, have recommended that ETP unitholders vote "FOR" the proposed merger with Energy Transfer Equity, L.P. (ETE), which will be considered at the October 18, 2018 special meeting of ETP unitholders. ETP unitholders of record as of the close of business on September 10, 2018 will be entitled to vote at the meeting. As previously announced, under the terms of the merger agreement, holders of ETP common units will receive 1.28 ETE common units for each ETP common unit they own.
The Oppenheimer Steelpath MLP Select 40 Fund (MLPFX) and the Oppenheimer Steelpath MLP Income Fund (MLPDX) have generated positive YTD (year-to-date) returns of 0.5% and 1.2%, respectively. The two funds offer a yield of 8.7% and 11.1%, respectively. MLPFX and MLPDX are among the top MLP open-end funds. Both have assets under management of ~$3.5 billion.
Fund flows into top MLP ETFs fell significantly in the third quarter. The Alerian MLP ETF (AMLP) had a net outflow of $864 million in the third quarter. The ETF had a net inflow of $912 million in the second quarter and $501 million in the third quarter of 2017. Inflows into the First Trust North American Energy Infrastructure Fund (EMLP) fell to $35 million compared to $161 million in the third quarter of 2017. The Global X MLP ETF (MLPA) saw a net outflow of $6 million compared to an inflow of $70 million in the third quarter of 2017.
Energy Transfer Equity (ETE) paid a distribution of $0.31 per unit in the third quarter, which shows an annualized distribution of $1.22 per unit for 2018—growth of 6% compared to last year.