Energy Transfer Equity, L.P. (ETE) Getting Somewhat Favorable Press Coverage, Study Finds
News coverage about Energy Transfer Equity, L.P. (NYSE:ETE) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Energy Transfer Equity, L.P. earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 45.8658748022389 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Energy Transfer Equity, LP (ETE) Given Daily Media Impact Rating of 0.20 (androidevo.com)
- Energy Transfer Equity, LP (NYSE:ETE) Quarterly EPS Analysis (newstrendstoday.com)
- Energy Transfer Equity, LP (ETE) Price Target Cut to $20.00 (iphonefresh.com)
- Energy Transfer Supports Gas Exports To Mexico, A Big And Growing Business (seekingalpha.com)
- Zacks: Brokerages Expect Energy Transfer Equity, L.P. (ETE) Will Announce Earnings of $0.36 Per Share (americanbankingnews.com)
Several equities research analysts have recently weighed in on ETE shares. BidaskClub raised Energy Transfer Equity, L.P. from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $22.00 price target on shares of Energy Transfer Equity, L.P. in a research note on Tuesday, May 23rd. Morgan Stanley reissued an “overweight” rating on shares of Energy Transfer Equity, L.P. in a research note on Tuesday, September 5th. Jefferies Group LLC decreased their price target on Energy Transfer Equity, L.P. from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Sunday, September 10th. Finally, Zacks Investment Research cut Energy Transfer Equity, L.P. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Energy Transfer Equity, L.P. presently has an average rating of “Buy” and a consensus target price of $20.68.
Energy Transfer Equity, L.P. (NYSE:ETE) traded down 0.06% during midday trading on Friday, reaching $17.49. The company had a trading volume of 4,874,811 shares. Energy Transfer Equity, L.P. has a one year low of $13.77 and a one year high of $20.05. The stock has a market capitalization of $18.87 billion, a price-to-earnings ratio of 22.06 and a beta of 1.90. The company has a 50-day moving average price of $17.30 and a 200-day moving average price of $17.87.
Energy Transfer Equity, L.P. (NYSE:ETE) last announced its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Energy Transfer Equity, L.P. had a net margin of 2.18% and a return on equity of 3.79%. The business had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $11.41 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, equities analysts expect that Energy Transfer Equity, L.P. will post $1.30 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were issued a dividend of $0.285 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 6.52%. Energy Transfer Equity, L.P.’s dividend payout ratio is presently 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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