Wall Street analysts forecast that Energy Transfer Equity, L.P. (NYSE:ETE) will report earnings of $0.36 per share for the current quarter, Zacks reports. Two analysts have made estimates for Energy Transfer Equity, L.P.’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.65. Energy Transfer Equity, L.P. posted earnings per share of $0.19 in the same quarter last year, which would indicate a positive year over year growth rate of 89.5%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that Energy Transfer Equity, L.P. will report full-year earnings of $1.15 per share for the current financial year, with EPS estimates ranging from $0.66 to $1.81. For the next financial year, analysts forecast that the company will report earnings of $2.09 per share, with EPS estimates ranging from $0.80 to $3.86. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Energy Transfer Equity, L.P..

Energy Transfer Equity, L.P. (NYSE:ETE) last announced its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.07. The business had revenue of $8.94 billion during the quarter, compared to analysts’ expectations of $11.41 billion. Energy Transfer Equity, L.P. had a return on equity of 3.79% and a net margin of 2.18%. The firm’s revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share.

ETE has been the topic of several recent research reports. Stifel Nicolaus initiated coverage on shares of Energy Transfer Equity, L.P. in a research report on Thursday, July 13th. They issued a “buy” rating and a $20.00 price target on the stock. BidaskClub cut shares of Energy Transfer Equity, L.P. from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine cut shares of Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Deutsche Bank AG dropped their price target on shares of Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, June 21st. Finally, BMO Capital Markets set a $19.00 price target on shares of Energy Transfer Equity, L.P. and gave the company a “hold” rating in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $20.77.

Large investors have recently modified their holdings of the company. Suntrust Banks Inc. raised its stake in shares of Energy Transfer Equity, L.P. by 0.4% in the first quarter. Suntrust Banks Inc. now owns 13,525 shares of the pipeline company’s stock valued at $266,000 after buying an additional 51 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Energy Transfer Equity, L.P. by 104.4% in the first quarter. Bank of New York Mellon Corp now owns 311,102 shares of the pipeline company’s stock valued at $6,138,000 after buying an additional 158,876 shares during the last quarter. US Bancorp DE raised its stake in shares of Energy Transfer Equity, L.P. by 18.9% in the first quarter. US Bancorp DE now owns 202,119 shares of the pipeline company’s stock valued at $3,988,000 after buying an additional 32,164 shares during the last quarter. HPM Partners LLC bought a new stake in shares of Energy Transfer Equity, L.P. during the first quarter valued at about $838,000. Finally, TIAA CREF Trust Co. FSB MO raised its stake in shares of Energy Transfer Equity, L.P. by 25.0% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 23,975 shares of the pipeline company’s stock valued at $473,000 after buying an additional 4,792 shares during the last quarter. Institutional investors own 48.44% of the company’s stock.

Shares of Energy Transfer Equity, L.P. (NYSE:ETE) opened at 17.04 on Friday. The stock has a market capitalization of $18.39 billion, a P/E ratio of 21.49 and a beta of 1.90. The company has a 50-day moving average price of $17.46 and a 200 day moving average price of $18.02. Energy Transfer Equity, L.P. has a 52 week low of $13.77 and a 52 week high of $20.05.

The business also recently declared a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were paid a dividend of $0.285 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.14 annualized dividend and a dividend yield of 6.75%. Energy Transfer Equity, L.P.’s payout ratio is currently 144.31%.

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Energy Transfer Equity, L.P. 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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Earnings History and Estimates for Energy Transfer Equity, L.P. (NYSE:ETE)

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