Wolfe Research assumed coverage on shares of Energy Transfer Equity L.P. (NYSE:ETE) in a research note issued to investors on Friday morning. The brokerage issued a hold rating and a $17.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. Jefferies Group raised their price target on Energy Transfer Equity L.P. from $17.00 to $20.00 and gave the stock a buy rating in a research note on Monday, July 25th. Zacks Investment Research upgraded Energy Transfer Equity L.P. from a hold rating to a buy rating and set a $18.00 price target on the stock in a research note on Monday, July 18th. Vetr downgraded Energy Transfer Equity L.P. from a strong-buy rating to a buy rating and set a $14.22 price target on the stock. in a research note on Monday, June 20th. Deutsche Bank AG initiated coverage on Energy Transfer Equity L.P. in a research note on Thursday, July 7th. They set a buy rating and a $20.00 price target on the stock. Finally, Credit Suisse Group AG restated a buy rating and set a $20.00 price target on shares of Energy Transfer Equity L.P. in a research note on Sunday, August 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $18.70.

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

Shares of Energy Transfer Equity L.P. (NYSE:ETE) traded up 2.539% on Friday, hitting $16.355. The stock had a trading volume of 1,397,628 shares. The company has a market cap of $17.15 billion, a price-to-earnings ratio of 14.936 and a beta of 1.61. Energy Transfer Equity L.P. has a one year low of $4.00 and a one year high of $25.07. The firm’s 50-day moving average is $17.28 and its 200-day moving average is $14.11.

Energy Transfer Equity L.P. (NYSE:ETE) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by $0.06. The firm had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $8.09 billion. Energy Transfer Equity L.P. had a return on equity of 6.46% and a net margin of 3.09%. The company’s quarterly revenue was down 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. On average, analysts expect that Energy Transfer Equity L.P. will post $0.99 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Energy Transfer Equity L.P. by 38.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 109,182 shares of the company’s stock valued at $778,000 after buying an additional 30,437 shares during the last quarter. Steinberg Global Asset Management increased its stake in shares of Energy Transfer Equity L.P. by 2.4% in the first quarter. Steinberg Global Asset Management now owns 29,800 shares of the company’s stock valued at $212,000 after buying an additional 700 shares during the last quarter. Harvest Fund Advisors LLC increased its stake in shares of Energy Transfer Equity L.P. by 16.5% in the first quarter. Harvest Fund Advisors LLC now owns 20,983,012 shares of the company’s stock valued at $149,609,000 after buying an additional 2,968,478 shares during the last quarter. Princeton Portfolio Strategies Group LLC increased its stake in shares of Energy Transfer Equity L.P. by 44.8% in the first quarter. Princeton Portfolio Strategies Group LLC now owns 108,600 shares of the company’s stock valued at $774,000 after buying an additional 33,600 shares during the last quarter. Finally, Mariner Wealth Advisors LLC increased its stake in shares of Energy Transfer Equity L.P. by 19.8% in the first quarter. Mariner Wealth Advisors LLC now owns 333,572 shares of the company’s stock valued at $2,379,000 after buying an additional 55,114 shares during the last quarter. 44.11% of the stock is owned by institutional investors.

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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