Insider Purchase: Michael Grimm Made a Purchase of 4,600 Shares of Energy Transfer Partners, L.P. (ETP); Mbia Has 0.69 Sentiment

March 21, 2018 - By John Hoffman

MBIA Inc. provides financial guarantee insurance services to public finance markets in the United States and internationally. The company has market cap of $780.23 million. It operates through U.S. It currently has negative earnings. Public Finance Insurance, and International and Structured Finance Insurance divisions.

Michael Grimm, an insider of Energy Transfer Partners – L.P., currently director not a long ago disclosed a new transaction with the Security and Exchange Commission. As shown in the electronic document, Michael Grimm purchased 4,600 shares of the Pinksheet-listed company, priced at $17.1 per share. $78,467 U.S. Dollars was the transaction’s value. The SEC filing’s date was 20-03-2018. Michael Grimm today has 81,674 shares which are around 0.01% of the Pennsylvania-based company’s market capitalization.

Since January 1, 0001, it had 1 insider purchase, and 0 selling transactions for $362,500 activity.

Elm Ridge Management Llc holds 10.35% of its portfolio in MBIA Inc. for 2.83 million shares. Fine Capital Partners L.P. owns 8.73 million shares or 7.96% of their US portfolio. Moreover, Kahn Brothers Group Inc De has 5.76% invested in the company for 2.98 million shares. The New York-based Valueworks Llc has invested 4.12% in the stock. Ejf Capital Llc, a Virginia-based fund reported 3.92 million shares.

The stock increased 1.03% or $0.09 during the last trading session, reaching $8.79. About 902,445 shares traded. MBIA Inc. (MBI) has risen 13.35% since March 21, 2017 and is uptrending. It has underperformed by 3.35% the S&P500.

Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company has market cap of $19.27 billion. The company's Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, and through ET fuel system and HPL system. It has a 17.8 P/E ratio. This segment owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas.

Analysts await Energy Transfer Partners, L.P. (NYSE:ETP) to report earnings on May, 3. They expect $0.23 earnings per share, up 155.56% or $0.14 from last year’s $0.09 per share. ETP’s profit will be $267.73 million for 17.99 P/E if the $0.23 EPS becomes a reality. After $0.36 actual earnings per share reported by Energy Transfer Partners, L.P. for the previous quarter, Wall Street now forecasts -36.11% negative EPS growth.

Among 21 analysts covering Energy Transfer Partners (NYSE:ETP), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. Energy Transfer Partners has $68 highest and $20 lowest target. $30.07’s average target is 81.69% above currents $16.55 stock price. Energy Transfer Partners had 68 analyst reports since August 10, 2015 according to SRatingsIntel. On Tuesday, May 9 the stock rating was upgraded by Credit Suisse to “Outperform”. Robert W. Baird maintained the shares of ETP in report on Tuesday, August 22 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 13. As per Tuesday, August 15, the company rating was maintained by Citigroup. The stock of Energy Transfer Partners, L.P. (NYSE:ETP) earned “Outperform” rating by Bernstein on Wednesday, May 10. The stock of Energy Transfer Partners, L.P. (NYSE:ETP) earned “Equal-Weight” rating by Morgan Stanley on Monday, August 15. The stock of Energy Transfer Partners, L.P. (NYSE:ETP) earned “Buy” rating by Stifel Nicolaus on Thursday, November 9. Mizuho initiated the shares of ETP in report on Friday, September 30 with “Buy” rating. On Monday, April 4 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Buy” rating given on Wednesday, December 20 by Jefferies.

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