The rating by the firm was issued on November 9, 2015. Effective August 2, 2013, Spectra Energy Partners LP, a 61%-owned unit of Spectra Energy Corp, acquired a 50% interest in Express-Platte Pipeline System, a wholly owned unit of Spectra Energy Corp. Williams fell 7.2 percent to $18.31 and is down 29 percent this year. Equities research analysts forecast that EV Energy Partners, L.P. will post $1.94 EPS for the current year. On Jun 15, 2015, the shares registered one year high at $35.44 and the one year low was seen on Jan 20, 2016.
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A rout in oil and gas prices has reduced the value of both Energy Transfer and Williams shares, fueling speculation about whether the transaction will actually be completed since Energy Transfer offered $43.50 apiece for Williams in September. The Company markets its propane cylinder exchange business under the Pinnacle Propane Express. Following the completion of the acquisition, the director now owns 25,848,220 shares in the company, valued at $415,380,895.40.
Hollencrest Securities boosted its position in shares of Energy Transfer Partners LP (NYSE:ETP) by 216.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The shares were bought at an average cost of $12.90 per share, for a total transaction of $64,500.00. Wunderlich upped their price target on shares of EV Energy Partners, L.P. from $5.00 to $11.00 and gave the company a “hold” rating in a research report on Thursday, November 12th. The disclosure for this purchase can be found here. Jennison Associates now owns 549,486 shares of the company’s stock worth $22,567,000 after buying an additional 392,315 shares during the last quarter. As per First Call, for the next quarter, {[n}} may post earnings of 0.26 per share. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Hollencrest Securities’ holdings in Energy Transfer Partners were worth $616,000 at the end of the most recent quarter.
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Southcross Energy Partners, L.P. (NYSE:SXE) witnessed a decline in the market cap on Monday as its shares dropped 12.12% or 0.08 points. The 52-week low of the share price is at $20.16. Equity Analysts at the Citigroup downgrades the rating on Southcross Energy Partners, L.P. (NYSE:SXE). Its segments include Investment in ETP, including the consolidated operations of ETP and Regency; Investment in Lake Charles LNG, including the operations of Lake Charles LNG Company, LLC (Lake Charles LNG), and Corporate and Other, including the activities of ETE. FERC approval was a key remaining regulatory consent for the Lake Charles LNG Project.
