Energy Transfer Equity, L.P. (ETE) Receives $20.95 Consensus Target Price from Brokerages

Energy Transfer Equity, L.P. (NYSE:ETE) has received a consensus recommendation of “Buy” from the eighteen analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $21.15.

ETE has been the subject of several recent research reports. BidaskClub lowered Energy Transfer Equity, L.P. from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Morgan Stanley raised Energy Transfer Equity, L.P. to a “buy” rating in a report on Wednesday, August 30th. Royal Bank Of Canada reissued a “buy” rating and issued a $22.00 price objective on shares of Energy Transfer Equity, L.P. in a report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) raised Energy Transfer Equity, L.P. from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday. Finally, BMO Capital Markets set a $19.00 price objective on Energy Transfer Equity, L.P. and gave the stock a “hold” rating in a report on Thursday, October 12th.

Energy Transfer Equity, L.P. (NYSE:ETE) traded down 1.63% during trading on Friday, hitting $17.45. 3,548,962 shares of the company traded hands. The company has a market capitalization of $18.83 billion, a P/E ratio of 22.01 and a beta of 1.90. Energy Transfer Equity, L.P. has a 12-month low of $13.77 and a 12-month high of $20.05. The stock has a 50 day moving average price of $17.60 and a 200 day moving average price of $17.68.

Energy Transfer Equity, L.P. (NYSE:ETE) last announced its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.07). Energy Transfer Equity, L.P. had a return on equity of 3.79% and a net margin of 2.18%. The firm had revenue of $8.94 billion during the quarter, compared to analysts’ expectations of $11.41 billion. During the same period last year, the business posted $0.23 EPS. The company’s revenue was up 20.5% compared to the same quarter last year. On average, equities analysts anticipate that Energy Transfer Equity, L.P. will post $1.24 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. Raymond James Trust N.A. grew its holdings in shares of Energy Transfer Equity, L.P. by 0.7% during the second quarter. Raymond James Trust N.A. now owns 19,091 shares of the pipeline company’s stock worth $343,000 after purchasing an additional 131 shares in the last quarter. Linscomb & Williams Inc. grew its holdings in shares of Energy Transfer Equity, L.P. by 0.5% during the second quarter. Linscomb & Williams Inc. now owns 38,658 shares of the pipeline company’s stock worth $694,000 after purchasing an additional 188 shares in the last quarter. National Asset Management Inc. grew its holdings in shares of Energy Transfer Equity, L.P. by 1.3% during the first quarter. National Asset Management Inc. now owns 20,190 shares of the pipeline company’s stock worth $399,000 after purchasing an additional 253 shares in the last quarter. Sigma Planning Corp grew its holdings in shares of Energy Transfer Equity, L.P. by 2.6% during the second quarter. Sigma Planning Corp now owns 19,403 shares of the pipeline company’s stock worth $348,000 after purchasing an additional 484 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Energy Transfer Equity, L.P. by 6.1% during the second quarter. Sei Investments Co. now owns 8,700 shares of the pipeline company’s stock worth $156,000 after purchasing an additional 500 shares in the last quarter. 48.43% of the stock is owned by institutional investors and hedge funds.

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About Energy Transfer Equity, L.P.

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, L.P. (NYSE:ETE)

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