Energy Transfer Equity, L.P. (NYSE:ETE) has received a consensus rating of “Buy” from the eighteen brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $20.85.

ETE has been the topic of several recent analyst reports. BidaskClub downgraded shares of Energy Transfer Equity, L.P. from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Morgan Stanley raised shares of Energy Transfer Equity, L.P. to a “buy” rating in a research report on Wednesday, August 30th. ValuEngine downgraded shares of Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $22.00 price objective on shares of Energy Transfer Equity, L.P. in a research report on Wednesday, September 6th. Finally, Zacks Investment Research raised shares of Energy Transfer Equity, L.P. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 1st.

Energy Transfer Equity, L.P. (NYSE ETE) traded up 0.12% on Wednesday, reaching $17.33. 12,200,681 shares of the company traded hands. The company has a market capitalization of $18.70 billion, a PE ratio of 21.85 and a beta of 1.90. Energy Transfer Equity, L.P. has a one year low of $13.77 and a one year high of $20.05. The stock’s 50 day moving average price is $17.30 and its 200 day moving average price is $17.83.

Energy Transfer Equity, L.P. (NYSE:ETE) last announced its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $11.41 billion. During the same period last year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, equities research analysts predict that Energy Transfer Equity, L.P. will post $1.30 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley lifted its stake in shares of Energy Transfer Equity, L.P. by 1.1% in the 1st quarter. Morgan Stanley now owns 48,923,092 shares of the pipeline company’s stock worth $965,253,000 after purchasing an additional 529,737 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Energy Transfer Equity, L.P. by 2.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 30,638,715 shares of the pipeline company’s stock worth $550,271,000 after purchasing an additional 639,558 shares during the period. OppenheimerFunds Inc. lifted its stake in shares of Energy Transfer Equity, L.P. by 4.3% in the 1st quarter. OppenheimerFunds Inc. now owns 27,097,302 shares of the pipeline company’s stock worth $534,629,000 after purchasing an additional 1,112,663 shares during the period. Bank of Montreal Can lifted its stake in shares of Energy Transfer Equity, L.P. by 35.9% in the 2nd quarter. Bank of Montreal Can now owns 23,022,988 shares of the pipeline company’s stock worth $413,493,000 after purchasing an additional 6,078,618 shares during the period. Finally, Chickasaw Capital Management LLC lifted its stake in shares of Energy Transfer Equity, L.P. by 0.4% in the 2nd quarter. Chickasaw Capital Management LLC now owns 22,428,755 shares of the pipeline company’s stock worth $402,820,000 after purchasing an additional 96,717 shares during the period. 48.38% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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