Energy Transfer Equity L.P. (NYSE:ETE)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse Group AG in a research report issued to clients and investors on Wednesday. They currently have a $20.00 price target on the stock. Credit Suisse Group AG’s price objective would indicate a potential upside of 21.36% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research lowered Energy Transfer Equity L.P. from a “hold” rating to a “sell” rating in a research note on Monday, September 26th. Stephens initiated coverage on Energy Transfer Equity L.P. in a research note on Thursday, September 29th. They set an “equal weight” rating and a $20.00 price target on the stock. Sanford C. Bernstein upgraded Energy Transfer Equity L.P. from a “market perform” rating to an “outperform” rating and set a $17.00 price target on the stock in a research note on Monday, November 7th. Robert W. Baird upgraded Energy Transfer Equity L.P. from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $7.00 to $20.00 in a research note on Monday, September 26th. Finally, Morgan Stanley initiated coverage on Energy Transfer Equity L.P. in a research note on Monday, August 15th. They set an “overweight” rating and a $20.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $18.88.

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

Shares of Energy Transfer Equity L.P. (NYSE:ETE) traded up 2.31% during mid-day trading on Wednesday, reaching $16.86. 11,276,396 shares of the company traded hands. The firm has a 50 day moving average of $16.01 and a 200-day moving average of $15.73. Energy Transfer Equity L.P. has a 52 week low of $4.00 and a 52 week high of $19.99. The stock has a market capitalization of $17.63 billion, a PE ratio of 16.74 and a beta of 1.81.

Energy Transfer Equity L.P. (NYSE:ETE) last posted its earnings results on Wednesday, November 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.04. Energy Transfer Equity L.P. had a net margin of 2.94% and a return on equity of 6.10%. The company earned $9.68 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter last year, the firm earned $0.28 EPS. Energy Transfer Equity L.P.’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, equities research analysts expect that Energy Transfer Equity L.P. will post $0.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, November 7th were paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 6.92%. The ex-dividend date was Thursday, November 3rd. Energy Transfer Equity L.P.’s payout ratio is 111.77%.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Cohen Capital Management Inc. increased its position in shares of Energy Transfer Equity L.P. by 5.9% in the third quarter. Cohen Capital Management Inc. now owns 82,100 shares of the company’s stock valued at $1,378,000 after buying an additional 4,600 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. Sigma Planning Corp increased its position in shares of Energy Transfer Equity L.P. by 6.1% in the second quarter. Sigma Planning Corp now owns 19,564 shares of the company’s stock valued at $281,000 after buying an additional 1,123 shares during the last quarter. Prospera Financial Services Inc increased its position in shares of Energy Transfer Equity L.P. by 16.1% in the second quarter. Prospera Financial Services Inc now owns 36,800 shares of the company’s stock valued at $529,000 after buying an additional 5,100 shares during the last quarter. Finally, Concert Wealth Management Inc. acquired a new position in shares of Energy Transfer Equity L.P. during the second quarter valued at $178,000. 43.80% of the stock is owned by institutional investors and hedge funds.

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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