Energy Transfer Equity, L.P. (NYSE:ETE) had its price objective cut by Jefferies Group LLC from $21.00 to $20.00 in a report released on Sunday morning, Marketbeat Ratings reports. They currently have a buy rating on the pipeline company’s stock.

Several other analysts also recently weighed in on ETE. Zacks Investment Research upgraded Energy Transfer Equity, L.P. from a strong sell rating to a hold rating in a research report on Tuesday, August 1st. BMO Capital Markets set a $19.00 target price on Energy Transfer Equity, L.P. and gave the stock a hold rating in a research report on Friday, August 18th. BidaskClub downgraded Energy Transfer Equity, L.P. from a sell rating to a strong sell rating in a research report on Saturday, August 19th. Sanford C. Bernstein reiterated an outperform rating on shares of Energy Transfer Equity, L.P. in a research report on Thursday, August 10th. Finally, Morgan Stanley reiterated an overweight rating on shares of Energy Transfer Equity, L.P. in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Energy Transfer Equity, L.P. currently has a consensus rating of Buy and an average price target of $20.68.

Energy Transfer Equity, L.P. (ETE) opened at 17.75 on Friday. Energy Transfer Equity, L.P. has a 12 month low of $13.77 and a 12 month high of $20.05. The stock has a market capitalization of $19.16 billion, a P/E ratio of 22.38 and a beta of 1.90. The firm’s 50-day moving average is $17.33 and its 200-day moving average is $17.89.

Energy Transfer Equity, L.P. (NYSE:ETE) last released its earnings results on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.07). Energy Transfer Equity, L.P. had a return on equity of 3.79% and a net margin of 2.18%. The business had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $11.41 billion. During the same quarter last year, the business posted $0.23 earnings per share. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, equities analysts expect that Energy Transfer Equity, L.P. will post $1.31 earnings per share for the current fiscal year.

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The company 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 was Thursday, August 3rd. This represents a $1.14 annualized dividend and a dividend yield of 6.42%. Energy Transfer Equity, L.P.’s dividend payout ratio is currently 144.31%.

Several institutional investors have recently made changes to their positions in the company. Morgan Stanley increased its stake in shares of Energy Transfer Equity, L.P. by 1.1% during 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 during the period. Neuberger Berman Group LLC increased its stake in shares of Energy Transfer Equity, L.P. by 2.1% during the second quarter. Neuberger Berman Group LLC now owns 30,638,715 shares of the pipeline company’s stock valued at $550,271,000 after buying an additional 639,558 shares during the period. OppenheimerFunds Inc. increased its stake in shares of Energy Transfer Equity, L.P. by 4.3% during 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 during the period. Bank of Montreal Can increased its stake in shares of Energy Transfer Equity, L.P. by 35.9% during the second quarter. Bank of Montreal Can now owns 23,022,988 shares of the pipeline company’s stock valued at $413,493,000 after buying an additional 6,078,618 shares during the period. Finally, Chickasaw Capital Management LLC increased its stake in shares of Energy Transfer Equity, L.P. by 0.4% during the second quarter. Chickasaw Capital Management LLC now owns 22,428,755 shares of the pipeline company’s stock valued at $402,820,000 after buying an additional 96,717 shares during the period. Hedge funds and other institutional investors own 48.44% of the company’s stock.

About Energy Transfer Equity, L.P.

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.

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

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