Energy Transfer Equity, L.P. (ETE) Getting Somewhat Positive News Coverage, Study Finds
Media stories about Energy Transfer Equity, L.P. (NYSE:ETE) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Energy Transfer Equity, L.P. earned a news impact score of 0.11 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 46.9551519272048 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Why Energy Transfer Just Diluted Investors (seekingalpha.com)
- The Latest: North Dakota gets $10M for Dakota Access costs (finance.yahoo.com)
- Dakota Access developer granted hearing delay in dispute (finance.yahoo.com)
- Energy Transfer Equity, L.P. (ETE) Sees Significant Drop in Short Interest (americanbankingnews.com)
- Energy Transfer Partners Announces Pricing of Common Unit Offering (finance.yahoo.com)
Several brokerages have issued reports on ETE. Sanford C. Bernstein began coverage on Energy Transfer Equity, L.P. in a research note on Tuesday, May 16th. They set a “market perform” rating for the company. Zacks Investment Research lowered Energy Transfer Equity, L.P. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $22.00 price target on shares of Energy Transfer Equity, L.P. in a research note on Tuesday, May 23rd. BidaskClub raised Energy Transfer Equity, L.P. from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price target on shares of Energy Transfer Equity, L.P. in a research note on Monday, April 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $20.72.
Energy Transfer Equity, L.P. (NYSE ETE) traded up 3.81% during midday trading on Tuesday, hitting $17.71. The stock had a trading volume of 6,136,495 shares. The stock’s 50-day moving average is $17.65 and its 200-day moving average is $18.11. Energy Transfer Equity, L.P. has a 1-year low of $13.77 and a 1-year high of $20.05. The company has a market capitalization of $19.04 billion, a PE ratio of 32.08 and a beta of 1.90.
Energy Transfer Equity, L.P. (NYSE:ETE) last announced its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.18 EPS for the quarter, missing the Zacks’ 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 3.84%. The business had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $11.41 billion. During the same period in the previous year, the business posted $0.23 EPS. The firm’s revenue was up 20.5% on a year-over-year basis. Equities research analysts forecast that Energy Transfer Equity, L.P. will post $1.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date is Thursday, August 3rd. Energy Transfer Equity, L.P.’s payout ratio is 144.31%.
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About Energy Transfer Equity, L.P.
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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