Kayne Anderson Capital Advisors LP Lowers Stake in Energy Transfer Partners (ETP)

Kayne Anderson Capital Advisors LP trimmed its stake in Energy Transfer Partners (NYSE:ETP) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,811,535 shares of the company’s stock after selling 1,019,748 shares during the period. Energy Transfer Partners comprises approximately 9.1% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 2nd biggest position. Kayne Anderson Capital Advisors LP’s holdings in Energy Transfer Partners were worth $730,371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. MML Investors Services LLC increased its holdings in Energy Transfer Partners by 58.7% in the third quarter. MML Investors Services LLC now owns 27,489 shares of the company’s stock valued at $612,000 after purchasing an additional 10,163 shares during the period. Obermeyer Wood Investment Counsel Lllp bought a new stake in Energy Transfer Partners during the third quarter valued at $222,000. Ffcm LLC boosted its position in Energy Transfer Partners by 852.1% during the third quarter. Ffcm LLC now owns 11,501 shares of the company’s stock valued at $707,000 after acquiring an additional 10,293 shares during the last quarter. Strategic Wealth Advisors Group LLC bought a new stake in Energy Transfer Partners during the third quarter valued at $2,766,000. Finally, Cornerstone Wealth Management LLC boosted its position in Energy Transfer Partners by 300.1% during the third quarter. Cornerstone Wealth Management LLC now owns 328,290 shares of the company’s stock valued at $17,900,000 after acquiring an additional 246,244 shares during the last quarter.

Shares of ETP opened at $21.47 on Friday.

In other news, CEO Kelcy L. Warren purchased 2,000,000 shares of the business’s stock in a transaction on Monday, September 10th. The shares were acquired at an average price of $22.42 per share, with a total value of $44,840,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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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.

See Also: Price to Earnings Ratio (PE) Basics

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Institutional Ownership by Quarter for Energy Transfer Partners (NYSE:ETP)

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