Sanford C. Bernstein initiated coverage on shares of Energy Transfer Equity LP (NYSE:ETE) in a research note published on Tuesday morning. The firm issued a market perform rating on the pipeline company’s stock.

A number of other equities research analysts have also recently issued reports on ETE. Zacks Investment Research cut shares of Energy Transfer Equity from a hold rating to a sell rating in a research report on Monday, January 30th. Vetr raised Energy Transfer Equity from a buy rating to a strong-buy rating and set a $22.54 price target for the company in a research note on Thursday, February 9th. Royal Bank of Canada reaffirmed a buy rating and issued a $22.00 price target on shares of Energy Transfer Equity in a research note on Friday, March 17th. US Capital Advisors reaffirmed a hold rating on shares of Energy Transfer Equity in a research note on Friday, April 7th. Finally, BMO Capital Markets reaffirmed a hold rating and issued a $19.00 price target on shares of Energy Transfer Equity in a research note on Monday, April 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $20.38.

Shares of Energy Transfer Equity (NYSE:ETE) traded up 1.78% during trading on Tuesday, hitting $18.29. 333,889 shares of the stock were exchanged. Energy Transfer Equity has a 1-year low of $10.56 and a 1-year high of $20.05. The firm’s 50-day moving average is $18.62 and its 200 day moving average is $18.19. The company has a market cap of $19.74 billion, a P/E ratio of 21.96 and a beta of 1.86.

Energy Transfer Equity (NYSE:ETE) last announced its earnings results on Wednesday, February 22nd. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.04. The business had revenue of $10.80 billion during the quarter, compared to the consensus estimate of $10.15 billion. Energy Transfer Equity had a net margin of 2.94% and a return on equity of 6.10%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. Equities analysts forecast that Energy Transfer Equity will post $1.23 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, May 19th. Investors of record on Wednesday, May 10th will be given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date is Monday, May 8th. Energy Transfer Equity’s payout ratio is currently 111.77%.

Large investors have recently added to or reduced their stakes in the stock. Morgan Stanley raised its stake in shares of Energy Transfer Equity by 1.1% in the first quarter. Morgan Stanley now owns 48,923,092 shares of the pipeline company’s stock valued at $965,253,000 after buying an additional 529,737 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of Energy Transfer Equity by 4.3% in the first quarter. OppenheimerFunds Inc. now owns 27,097,302 shares of the pipeline company’s stock valued at $534,629,000 after buying an additional 1,112,663 shares in the last quarter. Chickasaw Capital Management LLC raised its stake in shares of Energy Transfer Equity by 3.6% in the first quarter. Chickasaw Capital Management LLC now owns 22,332,038 shares of the pipeline company’s stock valued at $440,611,000 after buying an additional 771,635 shares in the last quarter. Atlantic Trust Group LLC raised its stake in shares of Energy Transfer Equity by 16.6% in the first quarter. Atlantic Trust Group LLC now owns 13,317,451 shares of the pipeline company’s stock valued at $262,753,000 after buying an additional 1,892,220 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Energy Transfer Equity by 75.2% in the third quarter. Hsbc Holdings PLC now owns 9,764,692 shares of the pipeline company’s stock valued at $163,949,000 after buying an additional 4,191,129 shares in the last quarter. 43.89% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Equity Company Profile

Energy Transfer Equity, L.P. (ETE) owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services. The Company’s segments include Investment in ETP, including the consolidated operations of ETP; Investment in Sunoco LP, including the consolidated operations of Sunoco LP; Investment in Lake Charles LNG, including the operations of Lake Charles LNG, and Corporate and Other.

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