Energy Transfer Equity, L.P. (ETE) Rating Reiterated by RBC Capital Markets

Energy Transfer Equity, L.P. (NYSE:ETE)‘s stock had its “buy” rating reiterated by research analysts at RBC Capital Markets in a research report issued to clients and investors on Friday. They currently have a $22.00 target price on the stock. RBC Capital Markets’ price target indicates a potential upside of 16.28% from the stock’s previous close.

Several other research analysts also recently commented on ETE. Mizuho reissued a “buy” rating on shares of Energy Transfer Equity, L.P. in a research note on Monday, December 26th. Credit Suisse Group set a $20.00 target price on Energy Transfer Equity, L.P. and gave the stock a “buy” rating in a research note on Tuesday, November 22nd. Stephens assumed coverage on Energy Transfer Equity, L.P. in a research note on Thursday, September 29th. They set an “equal weight” rating and a $20.00 target price for the company. Zacks Investment Research raised Energy Transfer Equity, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th. Finally, Wolfe Research assumed coverage on Energy Transfer Equity, L.P. in a research note on Friday, October 7th. They set a “hold” rating and a $17.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.20.

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

Shares of Energy Transfer Equity, L.P. (NYSE:ETE) opened at 18.92 on Friday. The firm has a 50-day moving average of $17.97 and a 200 day moving average of $16.79. Energy Transfer Equity, L.P. has a 52-week low of $4.00 and a 52-week high of $20.05. The company has a market capitalization of $19.78 billion, a P/E ratio of 18.79 and a beta of 1.86.

Energy Transfer Equity, L.P. (NYSE:ETE) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.04. The company earned $9.68 billion during the quarter, compared to analyst estimates of $8.53 billion. Energy Transfer Equity, L.P. had a net margin of 2.94% and a return on equity of 6.10%. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. On average, analysts anticipate that Energy Transfer Equity, L.P. will post $0.96 EPS for the current year.

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Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Energy Transfer Equity, L.P. by 55.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,588 shares of the company’s stock valued at $109,000 after buying an additional 2,696 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Energy Transfer Equity, L.P. by 3.2% in the third quarter. Advisory Services Network LLC now owns 8,220 shares of the company’s stock valued at $138,000 after buying an additional 254 shares during the last quarter. Sei Investments Co. bought a new stake in shares of Energy Transfer Equity, L.P. during the third quarter valued at approximately $138,000. Integrated Wealth Management boosted its stake in shares of Energy Transfer Equity, L.P. by 6.7% in the second quarter. Integrated Wealth Management now owns 10,172 shares of the company’s stock valued at $146,000 after buying an additional 643 shares during the last quarter. Finally, Gilman Hill Asset Management LLC bought a new stake in shares of Energy Transfer Equity, L.P. during the second quarter valued at approximately $154,000. Institutional investors and hedge funds own 43.76% of the company’s stock.

Energy Transfer Equity, L.P. Company Profile

Energy Transfer Equity, L.P. (ETE) directly and indirectly owns equity interests in Energy Transfer Partners, L.P. (ETP) and SUN LP, which are engaged in diversified energy-related services. The Company, through its family of companies, owns and operates over 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines.

5 Day Chart for NYSE:ETE

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