Sunoco Logistics Partners LP (ETP) is Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s 5th Largest Position

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Sunoco Logistics Partners LP (NYSE:ETP) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,522,516 shares of the pipeline company’s stock after buying an additional 663,166 shares during the quarter. Sunoco Logistics Partners accounts for 3.4% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings, making the stock its 5th biggest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 1.14% of Sunoco Logistics Partners worth $229,037,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ETP. Tortoise Capital Advisors L.L.C. grew its holdings in Sunoco Logistics Partners by 154.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 43,337,625 shares of the pipeline company’s stock valued at $883,654,000 after buying an additional 26,293,140 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its holdings in Sunoco Logistics Partners by 97.6% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock valued at $842,685,000 after buying an additional 20,414,761 shares in the last quarter. Alps Advisors Inc. grew its holdings in Sunoco Logistics Partners by 57.9% in the 2nd quarter. Alps Advisors Inc. now owns 47,476,301 shares of the pipeline company’s stock valued at $968,042,000 after buying an additional 17,412,412 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Sunoco Logistics Partners by 95.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock valued at $479,265,000 after buying an additional 11,483,706 shares in the last quarter. Finally, Chickasaw Capital Management LLC grew its holdings in Sunoco Logistics Partners by 59,075.2% in the 2nd quarter. Chickasaw Capital Management LLC now owns 8,343,707 shares of the pipeline company’s stock valued at $170,128,000 after buying an additional 8,329,607 shares in the last quarter. 62.19% of the stock is currently owned by hedge funds and other institutional investors.

Sunoco Logistics Partners LP (NYSE:ETP) traded down $0.23 on Wednesday, hitting $16.62. The stock had a trading volume of 4,923,100 shares, compared to its average volume of 5,444,485. The firm has a market cap of $19,470.07, a price-to-earnings ratio of 25.15 and a beta of 1.00. Sunoco Logistics Partners LP has a 12 month low of $15.25 and a 12 month high of $26.73. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 1.09.

Sunoco Logistics Partners (NYSE:ETP) last announced its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.11. Sunoco Logistics Partners had a return on equity of 5.88% and a net margin of 4.97%. The business had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the prior year, the company earned ($0.49) EPS. Sunoco Logistics Partners’s revenue for the quarter was up 26.1% on a year-over-year basis. equities analysts anticipate that Sunoco Logistics Partners LP will post 0.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were given a dividend of $0.565 per share. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. This represents a $2.26 annualized dividend and a dividend yield of 13.60%. The ex-dividend date of this dividend was Monday, November 6th. Sunoco Logistics Partners’s dividend payout ratio is currently 337.31%.

ETP has been the topic of a number of research reports. Zacks Investment Research lowered Sunoco Logistics Partners from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. Citigroup decreased their price objective on Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, August 15th. BidaskClub lowered Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Friday, August 18th. BMO Capital Markets set a $26.00 price objective on Sunoco Logistics Partners and gave the company a “hold” rating in a report on Friday, August 18th. Finally, Robert W. Baird reissued a “buy” rating and set a $29.00 target price on shares of Sunoco Logistics Partners in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $26.46.

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About Sunoco Logistics Partners

Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.

Institutional Ownership by Quarter for Sunoco Logistics Partners (NYSE:ETP)

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