Morgan Stanley upgraded shares of Energy Transfer Equity, L.P. (NYSE:ETE) to a buy rating in a report released on Wednesday morning.

A number of other analysts have also weighed in on the company. Sanford C. Bernstein upgraded Energy Transfer Equity, L.P. from a market perform rating to an outperform rating and raised their target price for the company from $19.00 to $23.00 in a research note on Wednesday, May 10th. Deutsche Bank AG lowered their target price on Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a buy rating for the company in a research note on Wednesday, June 21st. Royal Bank Of Canada restated a buy rating and issued a $22.00 target price on shares of Energy Transfer Equity, L.P. in a research note on Tuesday, May 23rd. Wolfe Research restated a market perform rating on shares of Energy Transfer Equity, L.P. in a research note on Friday, May 12th. Finally, 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. 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’s stock. The stock presently has an average rating of Buy and an average target price of $20.77.

Shares of Energy Transfer Equity, L.P. (ETE) opened at 17.76 on Wednesday. The firm has a market cap of $19.17 billion, a P/E ratio of 22.40 and a beta of 1.90. The company has a 50-day moving average of $17.37 and a 200 day moving average of $17.96. Energy Transfer Equity, L.P. has a 12-month low of $13.77 and a 12-month high of $20.05.

Energy Transfer Equity, L.P. (NYSE:ETE) last released its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.07. Energy Transfer Equity, L.P. had a return on equity of 3.79% and a net margin of 2.18%. The company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $11.41 billion. During the same quarter in the prior year, the company earned $0.23 earnings per share. The business’s revenue was up 20.5% compared to the same quarter last year. Equities analysts predict that Energy Transfer Equity, L.P. will post $1.31 EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 6.42%. The ex-dividend date was Thursday, August 3rd. Energy Transfer Equity, L.P.’s dividend payout ratio is 144.31%.

Institutional investors have recently bought and sold shares of the stock. OppenheimerFunds Inc. boosted its position in Energy Transfer Equity, L.P. by 4.3% in the first quarter. OppenheimerFunds Inc. now owns 27,097,302 shares of the pipeline company’s stock valued at $534,629,000 after buying an additional 1,112,663 shares in the last quarter. Chickasaw Capital Management LLC boosted its position in Energy Transfer Equity, L.P. by 0.4% in the second quarter. Chickasaw Capital Management LLC now owns 22,428,755 shares of the pipeline company’s stock valued at $402,820,000 after buying an additional 96,717 shares in the last quarter. Jennison Associates LLC boosted its position in Energy Transfer Equity, L.P. by 18.3% in the second quarter. Jennison Associates LLC now owns 693,496 shares of the pipeline company’s stock valued at $12,455,000 after buying an additional 107,269 shares in the last quarter. US Bancorp DE boosted its position in Energy Transfer Equity, L.P. by 4.9% in the second quarter. US Bancorp DE now owns 212,111 shares of the pipeline company’s stock valued at $3,810,000 after buying an additional 9,992 shares in the last quarter. Finally, New England Private Wealth Advisors LLC purchased a new position in Energy Transfer Equity, L.P. during the first quarter valued at about $312,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

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.

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

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