RBC Capital Markets Reaffirms “Buy” Rating for Energy Transfer Equity, L.P. (ETE)

RBC Capital Markets restated their buy rating on shares of Energy Transfer Equity, L.P. (NYSE:ETE) in a research note published on Friday morning. The brokerage currently has a $22.00 target price on the stock.

A number of other research analysts also recently issued reports on the company. Mizuho restated a buy rating on shares of Energy Transfer Equity, L.P. in a report on Monday, December 26th. Robert W. Baird restated an outperform rating and set a $20.00 price target on shares of Energy Transfer Equity, L.P. in a report on Tuesday, December 6th. Credit Suisse Group restated an outperform rating and set a $20.00 price target on shares of Energy Transfer Equity, L.P. in a report on Wednesday, November 30th. BMO Capital Markets set a $19.00 price target on Energy Transfer Equity, L.P. and gave the company a hold rating in a report on Thursday, November 24th. Finally, Sanford C. Bernstein upgraded Energy Transfer Equity, L.P. from a market perform rating to an outperform rating and set a $17.00 price target on the stock in a report on Monday, November 7th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Energy Transfer Equity, L.P. presently has an average rating of Buy and an average price target of $19.20.

Analyst Recommendations for Energy Transfer Equity, L.P. (NYSE:ETE)

Shares of Energy Transfer Equity, L.P. (NYSE:ETE) traded up 0.32% during mid-day trading on Friday, hitting $18.80. The stock had a trading volume of 1,166,139 shares. Energy Transfer Equity, L.P. has a 52-week low of $4.00 and a 52-week high of $20.05. The firm has a market cap of $19.66 billion, a PE ratio of 18.67 and a beta of 1.86. The stock’s 50-day moving average price is $17.99 and its 200-day moving average price is $16.82.

Energy Transfer Equity, L.P. (NYSE:ETE) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.04. Energy Transfer Equity, L.P. had a net margin of 2.94% and a return on equity of 6.10%. The business had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter in the prior year, the firm earned $0.28 EPS. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, analysts anticipate that Energy Transfer Equity, L.P. will post $0.96 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Concert Wealth Management Inc. raised its stake in Energy Transfer Equity, L.P. by 0.3% in the third quarter. Concert Wealth Management Inc. now owns 12,353 shares of the company’s stock valued at $206,000 after buying an additional 31 shares during the period. SignalPoint Asset Management LLC raised its stake in Energy Transfer Equity, L.P. by 0.4% in the third quarter. SignalPoint Asset Management LLC now owns 12,999 shares of the company’s stock valued at $359,000 after buying an additional 56 shares during the period. Integrated Wealth Management raised its stake in Energy Transfer Equity, L.P. by 1.0% in the third quarter. Integrated Wealth Management now owns 10,277 shares of the company’s stock valued at $173,000 after buying an additional 105 shares during the period. Signaturefd LLC raised its stake in Energy Transfer Equity, L.P. by 0.4% in the second quarter. Signaturefd LLC now owns 46,350 shares of the company’s stock valued at $666,000 after buying an additional 200 shares during the period. Finally, Murphy Capital Management Inc. raised its stake in Energy Transfer Equity, L.P. by 1.3% in the third quarter. Murphy Capital Management Inc. now owns 15,900 shares of the company’s stock valued at $266,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 43.76% of the company’s stock.

Energy Transfer Equity, L.P. Company Profile

Energy Transfer Equity, L.P. (ETE) directly and indirectly owns equity interests in Energy Transfer Partners, L.P. (ETP) and SUN LP, which are engaged in diversified energy-related services. The Company, through its family of companies, owns and operates over 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines.

5 Day Chart for NYSE:ETE

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