Shares of Energy Transfer Equity LP (NYSE:ETE) have received an average rating of “Buy” from the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $21.65.
Several research firms have recently weighed in on ETE. BMO Capital Markets set a $19.00 target price on shares of Energy Transfer Equity and gave the stock a “hold” rating in a research report on Friday, August 18th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Energy Transfer Equity in a research report on Thursday, August 10th. BidaskClub downgraded shares of Energy Transfer Equity from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Jefferies Group lowered their price objective on shares of Energy Transfer Equity from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Sunday, September 10th. Finally, Mizuho reaffirmed a “buy” rating and set a $21.00 price objective on shares of Energy Transfer Equity in a research report on Friday, October 20th.
Shares of Energy Transfer Equity (ETE) opened at $16.42 on Monday. The firm has a market cap of $17,720.22, a PE ratio of 19.55 and a beta of 1.87. Energy Transfer Equity has a 1 year low of $15.03 and a 1 year high of $20.05. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.36 and a quick ratio of 1.11.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were paid a $0.295 dividend. This is a positive change from Energy Transfer Equity’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date of this dividend was Monday, November 6th. Energy Transfer Equity’s dividend payout ratio is currently 143.90%.
Several large investors have recently modified their holdings of ETE. Penserra Capital Management LLC acquired a new stake in shares of Energy Transfer Equity in the 2nd quarter worth approximately $106,000. Ffcm LLC lifted its stake in shares of Energy Transfer Equity by 226.7% in the 2nd quarter. Ffcm LLC now owns 6,273 shares of the pipeline company’s stock worth $114,000 after acquiring an additional 4,353 shares during the period. AllSquare Wealth Management LLC acquired a new stake in shares of Energy Transfer Equity in the 3rd quarter worth approximately $139,000. Sei Investments Co. lifted its stake in shares of Energy Transfer Equity by 6.1% in the 2nd quarter. Sei Investments Co. now owns 8,700 shares of the pipeline company’s stock worth $156,000 after acquiring an additional 500 shares during the period. Finally, Advisory Services Network LLC lifted its stake in shares of Energy Transfer Equity by 12.6% in the 2nd quarter. Advisory Services Network LLC now owns 9,331 shares of the pipeline company’s stock worth $168,000 after acquiring an additional 1,047 shares during the period. 51.49% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: This piece of content was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.com-unik.info/2017/12/04/energy-transfer-equity-lp-ete-given-average-recommendation-of-buy-by-analysts.html.
Energy Transfer Equity Company Profile
Energy Transfer Equity, L.P. (ETE) owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services. The Company’s segments include Investment in ETP, including the consolidated operations of ETP; Investment in Sunoco LP, including the consolidated operations of Sunoco LP; Investment in Lake Charles LNG, including the operations of Lake Charles LNG, and Corporate and Other.
What are top analysts saying about Energy Transfer Equity LP? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Energy Transfer Equity LP and related companies.