Sanford C. Bernstein downgraded shares of Energy Transfer Equity, L.P. (NYSE:ETE) from an outperform rating to a mkt perform rating in a research note issued to investors on Tuesday morning.

Other equities research analysts also recently issued research reports about the stock. RBC Capital Markets reaffirmed a buy rating and set a $22.00 price target on shares of Energy Transfer Equity, L.P. in a research note on Friday, January 6th. Mizuho reaffirmed 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 price target on shares of Energy Transfer Equity, L.P. and gave the stock a buy rating in a research note on Tuesday, November 22nd. Stephens started coverage on shares of Energy Transfer Equity, L.P. in a research note on Thursday, September 29th. They set an equal weight rating and a $20.00 price target on the stock. Finally, Zacks Investment Research raised shares of Energy Transfer Equity, L.P. from a sell rating to a hold rating in a report on Tuesday, October 11th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $19.20.

Shares of Energy Transfer Equity, L.P. (NYSE:ETE) traded down 0.37% during midday trading on Tuesday, hitting $18.73. 1,349,567 shares of the stock were exchanged. The company has a market cap of $19.58 billion, a PE ratio of 18.60 and a beta of 1.86. Energy Transfer Equity, L.P. has a 12-month low of $4.00 and a 12-month high of $20.05. The firm has a 50-day moving average price of $18.06 and a 200-day moving average price of $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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.04. Energy Transfer Equity, L.P. had a return on equity of 6.10% and a net margin of 2.94%. The firm had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same period last year, the firm earned $0.28 EPS. The business’s quarterly revenue was down 8.8% on a year-over-year basis. On average, equities analysts predict that Energy Transfer Equity, L.P. will post $0.96 EPS for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Chickasaw Capital Management LLC raised its position in Energy Transfer Equity, L.P. by 27.3% in the third quarter. Chickasaw Capital Management LLC now owns 20,016,742 shares of the company’s stock worth $336,081,000 after buying an additional 4,298,398 shares during the last quarter. Cohen Capital Management Inc. increased its stake in Energy Transfer Equity, L.P. by 5.9% in the third quarter. Cohen Capital Management Inc. now owns 82,100 shares of the company’s stock worth $1,378,000 after buying an additional 4,600 shares during the period. Morgan Stanley increased its stake in Energy Transfer Equity, L.P. by 12.2% in the third quarter. Morgan Stanley now owns 58,387,085 shares of the company’s stock worth $980,320,000 after buying an additional 6,333,001 shares during the period. Walnut Private Equity Partners LLC increased its stake in Energy Transfer Equity, L.P. by 1.9% in the third quarter. Walnut Private Equity Partners LLC now owns 1,439,714 shares of the company’s stock worth $24,975,000 after buying an additional 26,600 shares during the period. Finally, Harvest Fund Advisors LLC increased its stake in Energy Transfer Equity, L.P. by 24.5% in the second quarter. Harvest Fund Advisors LLC now owns 26,123,978 shares of the company’s stock worth $375,402,000 after buying an additional 5,140,966 shares during the period. 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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