Energy Transfer Equity LP (ETE) Given Average Recommendation of “Buy” by Analysts

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.

Energy Transfer Equity (NYSE:ETE) last released its earnings results on Tuesday, November 7th. The pipeline company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.12). The company had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $16.25 billion. Energy Transfer Equity had a return on equity of 3.84% and a net margin of 2.29%. Energy Transfer Equity’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 EPS. equities research analysts forecast that Energy Transfer Equity will post 0.99 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for Energy Transfer Equity (NYSE:ETE)

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