Energy Transfer Equity’s (ETE) Buy Rating Reaffirmed at Robert W. Baird

Energy Transfer Equity (NYSE:ETE)‘s stock had its “buy” rating reaffirmed by equities researchers at Robert W. Baird in a research note issued to investors on Friday. They presently have a $19.00 price objective on the pipeline company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 33.90% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. ValuEngine downgraded shares of Energy Transfer Equity from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research upgraded shares of Energy Transfer Equity from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. Bank of America started coverage on shares of Energy Transfer Equity in a research report on Tuesday, January 9th. They set a “neutral” rating for the company. Credit Suisse Group started coverage on shares of Energy Transfer Equity in a research report on Thursday, January 4th. They set an “outperform” rating and a $23.00 price objective for the company. Finally, Royal Bank of Canada restated a “buy” rating and set a $22.00 price objective on shares of Energy Transfer Equity in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $20.82.

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NYSE:ETE traded down $0.18 during mid-day trading on Friday, hitting $14.19. The stock had a trading volume of 1,641,175 shares, compared to its average volume of 7,183,781. Energy Transfer Equity has a twelve month low of $12.80 and a twelve month high of $19.55. The company has a market capitalization of $15,507.33, a P/E ratio of 11.73 and a beta of 1.87. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.10 and a current ratio of 1.35.

Energy Transfer Equity (NYSE:ETE) last issued its earnings results on Wednesday, February 21st. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.09. Energy Transfer Equity had a net margin of 2.30% and a return on equity of 4.48%. The business had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $12.20 billion. equities analysts forecast that Energy Transfer Equity will post 1.35 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chickasaw Capital Management LLC raised its position in shares of Energy Transfer Equity by 1.9% in the fourth quarter. Chickasaw Capital Management LLC now owns 22,407,074 shares of the pipeline company’s stock valued at $386,746,000 after buying an additional 410,501 shares in the last quarter. Atlantic Trust Group LLC raised its position in shares of Energy Transfer Equity by 8.7% in the third quarter. Atlantic Trust Group LLC now owns 13,290,034 shares of the pipeline company’s stock valued at $230,980,000 after buying an additional 1,060,430 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp raised its position in shares of Energy Transfer Equity by 1,626.0% in the fourth quarter. Obermeyer Wood Investment Counsel Lllp now owns 6,490,175 shares of the pipeline company’s stock valued at $6,490,000 after buying an additional 6,114,151 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Energy Transfer Equity by 3.1% in the fourth quarter. California Public Employees Retirement System now owns 1,697,200 shares of the pipeline company’s stock valued at $29,294,000 after buying an additional 51,000 shares in the last quarter. Finally, Delphi Financial Group Inc. acquired a new stake in shares of Energy Transfer Equity in the fourth quarter valued at approximately $25,892,000. Institutional investors own 49.04% of the company’s stock.

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Energy Transfer Equity Company Profile

Energy Transfer Equity, L.P. provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines.

Analyst Recommendations for Energy Transfer Equity (NYSE:ETE)

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