An issue of Energy Transfer Equity L.P. (NYSE:ETE) bonds rose 2.3% against their face value during trading on Tuesday. The debt issue has a 5.5% coupon and will mature on June 1, 2027. The debt is now trading at $96.50 and was trading at $93.00 last week. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

A number of analysts have weighed in on the company. JPMorgan Chase & Co. restated an “overweight” rating and set a $21.00 target price on shares of Energy Transfer Equity L.P. in a report on Friday, September 2nd. Wolfe Research assumed coverage on Energy Transfer Equity L.P. in a report on Friday, October 7th. They set a “hold” rating and a $17.00 target price for the company. Mizuho assumed coverage on Energy Transfer Equity L.P. in a report on Thursday, September 29th. They set a “buy” rating and a $20.00 target price for the company. Credit Suisse Group AG restated an “outperform” rating and set a $20.00 target price on shares of Energy Transfer Equity L.P. in a report on Tuesday, July 26th. Finally, Jefferies Group upped their target price on Energy Transfer Equity L.P. from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Energy Transfer Equity L.P. presently has an average rating of “Buy” and a consensus target price of $18.15.

Shares of Energy Transfer Equity L.P. (NYSE:ETE) traded down 0.89% during midday trading on Tuesday, reaching $17.76. The company’s stock had a trading volume of 16,355,905 shares. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 17.64 and a beta of 1.81. Energy Transfer Equity L.P. has a 52 week low of $4.00 and a 52 week high of $19.99. The company has a 50 day moving average of $15.95 and a 200-day moving average of $15.62.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, November 7th were given a dividend of $0.285 per share. The ex-dividend date was Thursday, November 3rd. This represents a $1.14 annualized dividend and a dividend yield of 6.42%. Energy Transfer Equity L.P.’s dividend payout ratio (DPR) is currently 111.77%.

Several large investors have recently added to or reduced their stakes in ETE. FMR LLC boosted its stake in Energy Transfer Equity L.P. by 182.4% in the second quarter. FMR LLC now owns 25,784,300 shares of the company’s stock valued at $370,520,000 after buying an additional 16,653,100 shares during the period. Morgan Stanley boosted its stake in Energy Transfer Equity L.P. by 12.2% in the third quarter. Morgan Stanley now owns 58,387,085 shares of the company’s stock valued at $980,320,000 after buying an additional 6,333,001 shares during the period. Harvest Fund Advisors LLC boosted its stake in Energy Transfer Equity L.P. by 24.5% in the second quarter. Harvest Fund Advisors LLC now owns 26,123,978 shares of the company’s stock valued at $375,402,000 after buying an additional 5,140,966 shares during the period. Chickasaw Capital Management LLC boosted its stake in Energy Transfer Equity L.P. by 27.3% in the third quarter. Chickasaw Capital Management LLC now owns 20,016,742 shares of the company’s stock valued at $336,081,000 after buying an additional 4,298,398 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in Energy Transfer Equity L.P. by 75.2% in the third quarter. Hsbc Holdings PLC now owns 9,764,692 shares of the company’s stock valued at $163,949,000 after buying an additional 4,191,129 shares during the period. 45.76% 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) 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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