Energy Transfer Equity L.P. (NYSE:ETE) has been assigned a consensus recommendation of “Buy” from the seventeen ratings firms that are covering the firm. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $18.16.

Several equities research analysts have commented on ETE shares. Jefferies Group upped their price objective on shares of Energy Transfer Equity L.P. from $17.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 25th. Credit Suisse Group AG reiterated a “buy” rating and set a $20.00 price target on shares of Energy Transfer Equity L.P. in a research report on Sunday, August 7th. Mizuho started coverage on Energy Transfer Equity L.P. in a research report on Thursday, September 29th. They set a “buy” rating and a $20.00 price target on the stock. Stephens started coverage on Energy Transfer Equity L.P. in a research report on Thursday, September 29th. They set an “equal weight” rating and a $20.00 price target on the stock. Finally, Zacks Investment Research upgraded Energy Transfer Equity L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, October 11th.

Shares of Energy Transfer Equity L.P. (NYSE:ETE) opened at 17.29 on Wednesday. The firm has a market capitalization of $18.14 billion, a P/E ratio of 15.79 and a beta of 1.81. Energy Transfer Equity L.P. has a 1-year low of $4.00 and a 1-year high of $20.49. The stock has a 50 day moving average of $15.87 and a 200-day moving average of $15.34.

Energy Transfer Equity L.P. (NYSE:ETE) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.04. The business had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Energy Transfer Equity L.P. had a net margin of 2.94% and a return on equity of 6.10%. Energy Transfer Equity L.P.’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. On average, equities analysts expect that Energy Transfer Equity L.P. will post $0.97 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Monday, November 7th were given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date was Thursday, November 3rd. Energy Transfer Equity L.P.’s payout ratio is currently 111.77%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Steinberg Global Asset Management boosted its position 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 worth $212,000 after buying an additional 700 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in 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 worth $778,000 after buying an additional 30,437 shares during the period. First Western Capital Management Co raised its stake in Energy Transfer Equity L.P. by 21.7% in the second quarter. First Western Capital Management Co now owns 88,002 shares of the company’s stock worth $1,265,000 after buying an additional 15,700 shares during the period. Walnut Private Equity Partners LLC raised its stake in Energy Transfer Equity L.P. by 17.8% in the second quarter. Walnut Private Equity Partners LLC now owns 1,413,114 shares of the company’s stock worth $20,306,000 after buying an additional 213,114 shares during the period. Finally, Trust Co. of Vermont raised its stake in Energy Transfer Equity L.P. by 2.3% in the second quarter. Trust Co. of Vermont now owns 17,800 shares of the company’s stock worth $256,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

About Energy Transfer Equity L.P.

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.

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