Energy Transfer Equity L.P. (NYSE:ETE) has been given a $20.00 target price by equities researchers at Credit Suisse Group AG in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Credit Suisse Group AG’s price target points to a potential upside of 12.61% from the stock’s previous close.

A number of other analysts have also issued reports on ETE. Jefferies Group reaffirmed a “buy” rating and issued a $20.00 target price on shares of Energy Transfer Equity L.P. in a report on Thursday, August 4th. Zacks Investment Research lowered Energy Transfer Equity L.P. from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Mizuho began coverage on Energy Transfer Equity L.P. in a report on Thursday, September 29th. They issued a “buy” rating and a $20.00 target price on the stock. Stephens began coverage on Energy Transfer Equity L.P. in a report on Thursday, September 29th. They issued an “equal weight” rating and a $20.00 target price on the stock. Finally, Sanford C. Bernstein raised Energy Transfer Equity L.P. from a “market perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a report on Monday, November 7th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $18.15.

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

Shares of Energy Transfer Equity L.P. (NYSE:ETE) opened at 17.76 on Tuesday. The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of 17.64 and a beta of 1.81. The firm has a 50-day moving average price of $15.95 and a 200 day moving average price of $15.62. Energy Transfer Equity L.P. has a 12 month low of $4.00 and a 12 month high of $19.99.

Energy Transfer Equity L.P. (NYSE:ETE) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.04. The company had revenue of $9.68 billion for the quarter, compared to analyst estimates of $8.53 billion. Energy Transfer Equity L.P. had a net margin of 2.94% and a return on equity of 6.10%. The business’s revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. On average, analysts anticipate that Energy Transfer Equity L.P. will post $0.97 EPS for the current fiscal year.

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

Institutional investors have recently modified their holdings of the stock. Morgan Stanley increased its position in shares of 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 last quarter. Harvest Fund Advisors LLC increased its position in shares of 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 last quarter. FMR LLC increased its position in shares of 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 last quarter. Chickasaw Capital Management LLC increased its position in shares of 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 last quarter. Finally, Atlantic Trust Group LLC increased its position in shares of Energy Transfer Equity L.P. by 12.4% in the second quarter. Atlantic Trust Group LLC now owns 10,586,735 shares of the company’s stock valued at $152,132,000 after buying an additional 1,163,796 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

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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.

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