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Enter Symbol:
Rating: ETP
up 12.00 %

Energy Transfer Partners (NYSE: ETP) reiterated to Overweight by JP Morgan

Friday,  May 1, 2015  10:25 AM ET by Betsy O'Brien Harrison

JP Morgan reiterated Energy Transfer Partners (NYSE: ETP) to Overweight. Previously JP Morgan reiterated Energy Transfer Partners (NYSE: ETP) to Overweight on
08/08/2013, when the stock price was $52.95. Since then, Energy Transfer Partners's stock price has gained 12% as of 05/01/2015's recent price of $59.10.
If you would have followed the previous JP Morgan's recommendation on ETP, you would have gained 12% of your investment in 631 days.

Energy Transfer Partners, L.P. (ETP) is engaged in natural gas operations. The Company is also operates in the retail propane segment. The Company is managed by its general partners, Energy Transfer Partners GP, L.P. (its General Partner), which is in turn managed by its general partner, Energy Transfer Partners, L.L.C. (ETP LLC). Energy Transfer Equity, L.P. (ETE) owns ETP LLC, the general partner of its General Partner. In September 2008, the Company entered into an agreement with OGE Energy Corp. (OGE) to form a joint venture entity, ETP Enogex Partners LLC (ETP Enogex Partners). On January 27, 2009, the Company announced that it had entered into an agreement with Chesapeake Energy Marketing, Inc., a wholly owned subsidiary of Chesapeake Energy Corporation (Chesapeake) to construct a 178-mile 42-inch interstate natural gas pipeline (Tiger pipeline).

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.

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