Raymond James Financial, Inc. upgraded shares of Energy Transfer Equity, L.P. (NYSE:ETE) from a market perform rating to an outperform rating in a research report report published on Thursday.

A number of other analysts have also recently weighed in on the stock. Sanford C. Bernstein cut shares of Energy Transfer Equity, L.P. from an outperform rating to a mkt perform rating in a report on Tuesday. RBC Capital Markets restated a buy rating and issued a $22.00 price target on shares of Energy Transfer Equity, L.P. in a report on Friday, January 6th. Mizuho restated a buy rating on shares of Energy Transfer Equity, L.P. in a report on Monday, December 26th. Robert W. Baird restated an outperform rating and issued a $20.00 price target on shares of Energy Transfer Equity, L.P. in a report on Tuesday, December 6th. Finally, Credit Suisse Group restated an outperform rating and issued a $20.00 price target on shares of Energy Transfer Equity, L.P. in a report on Wednesday, November 30th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Energy Transfer Equity, L.P. has a consensus rating of Buy and a consensus price target of $19.20.

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

Shares of Energy Transfer Equity, L.P. (NYSE:ETE) traded down 1.06% during mid-day trading on Thursday, reaching $18.60. 6,307,897 shares of the company’s stock were exchanged. The company has a market capitalization of $19.45 billion, a PE ratio of 18.47 and a beta of 1.86. Energy Transfer Equity, L.P. has a one year low of $4.00 and a one year high of $20.05. The company’s 50-day moving average price is $18.06 and its 200-day moving average price is $16.85.

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

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Several institutional investors have recently bought and sold shares of ETE. Northwestern Mutual Wealth Management Co. raised its position in 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 period. Sei Investments Co. purchased a new position in Energy Transfer Equity, L.P. during the third quarter valued at $138,000. Advisory Services Network LLC raised its position in 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 period. Penserra Capital Management LLC raised its stake in shares of Energy Transfer Equity, L.P. by 175.4% in the third quarter. Penserra Capital Management LLC now owns 9,894 shares of the company’s stock valued at $166,000 after buying an additional 6,302 shares during the last quarter. Finally, Searle & CO. bought a new stake in shares of Energy Transfer Equity, L.P. during the third quarter valued at approximately $162,000. 43.76% of the stock is owned by hedge funds and other institutional investors.

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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