Energy Transfer Equity, L.P. (NYSE:ETE) was the target of some unusual options trading on Friday. Stock traders acquired 14,658 call options on the stock. This represents an increase of approximately 158% compared to the average volume of 5,686 call options.

A number of analysts recently issued reports on ETE shares. BidaskClub cut Energy Transfer Equity, L.P. from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Morgan Stanley raised shares of Energy Transfer Equity, L.P. to a “buy” rating in a research note on Wednesday, August 30th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $22.00 price target on shares of Energy Transfer Equity, L.P. in a research note on Wednesday, September 6th. Zacks Investment Research upgraded shares of Energy Transfer Equity, L.P. from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Deutsche Bank AG reduced their price target on shares of Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $20.80.

Several large investors have recently modified their holdings of ETE. Waldron LP acquired a new stake in Energy Transfer Equity, L.P. in the 1st quarter valued at $403,000. Bank of New York Mellon Corp lifted its stake in shares of Energy Transfer Equity, L.P. by 104.4% in the first quarter. Bank of New York Mellon Corp now owns 311,102 shares of the pipeline company’s stock valued at $6,138,000 after buying an additional 158,876 shares in the last quarter. Suntrust Banks Inc. lifted its stake in shares of Energy Transfer Equity, L.P. by 0.4% in the first quarter. Suntrust Banks Inc. now owns 13,525 shares of the pipeline company’s stock valued at $266,000 after buying an additional 51 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Energy Transfer Equity, L.P. by 38.7% in the first quarter. Alliancebernstein L.P. now owns 213,900 shares of the pipeline company’s stock valued at $4,220,000 after buying an additional 59,673 shares in the last quarter. Finally, Good Life Advisors LLC lifted its stake in shares of Energy Transfer Equity, L.P. by 31.1% in the first quarter. Good Life Advisors LLC now owns 15,740 shares of the pipeline company’s stock valued at $303,000 after buying an additional 3,734 shares in the last quarter. 48.43% of the stock is currently owned by institutional investors.

Shares of Energy Transfer Equity, L.P. (NYSE:ETE) opened at 17.44 on Wednesday. The company has a market cap of $18.82 billion, a price-to-earnings ratio of 21.99 and a beta of 1.90. Energy Transfer Equity, L.P. has a 12 month low of $13.77 and a 12 month high of $20.05. The stock has a 50 day moving average of $17.32 and a 200-day moving average of $17.73.

Energy Transfer Equity, L.P. (NYSE:ETE) last announced its quarterly earnings results 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 firm had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $11.41 billion. During the same quarter in the previous year, the company posted $0.23 EPS. The firm’s revenue was up 20.5% on a year-over-year basis. On average, analysts forecast that Energy Transfer Equity, L.P. will post $1.32 EPS for the current year.

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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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