Energy Transfer Equity, L.P. (NYSE:ETE) was the target of unusually large options trading activity on Wednesday. Stock traders bought 18,211 put options on the company. This represents an increase of 668% compared to the typical daily volume of 2,372 put options.

ETE has been the topic of a number of research reports. Mizuho reiterated a “buy” rating and issued a $21.00 target price on shares of Energy Transfer Equity, L.P. in a report on Friday, October 20th. Zacks Investment Research downgraded shares of Energy Transfer Equity, L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Morgan Stanley reiterated an “overweight” rating on shares of Energy Transfer Equity, L.P. in a report on Tuesday, September 5th. Robert W. Baird reiterated a “buy” rating and issued a $24.00 target price on shares of Energy Transfer Equity, L.P. in a report on Friday, October 27th. Finally, Goldman Sachs Group Inc upgraded shares of Energy Transfer Equity, L.P. from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $21.63.

Several institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new position in Energy Transfer Equity, L.P. during the second quarter valued at approximately $106,000. Ffcm LLC grew its position in Energy Transfer Equity, L.P. by 226.7% during the second quarter. Ffcm LLC now owns 6,273 shares of the pipeline company’s stock valued at $114,000 after purchasing an additional 4,353 shares in the last quarter. AllSquare Wealth Management LLC purchased a new position in Energy Transfer Equity, L.P. during the third quarter valued at approximately $139,000. Sei Investments Co. grew its position in Energy Transfer Equity, L.P. by 6.1% during the second quarter. Sei Investments Co. now owns 8,700 shares of the pipeline company’s stock valued at $156,000 after purchasing an additional 500 shares in the last quarter. Finally, Advisory Services Network LLC grew its position in Energy Transfer Equity, L.P. by 12.6% during the second quarter. Advisory Services Network LLC now owns 9,331 shares of the pipeline company’s stock valued at $168,000 after purchasing an additional 1,047 shares in the last quarter. 47.15% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Equity, L.P. (NYSE:ETE) opened at $16.23 on Friday. The firm has a market cap of $17,450.00, a P/E ratio of 19.25 and a beta of 1.91. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 1.69. Energy Transfer Equity, L.P. has a 1 year low of $15.03 and a 1 year high of $20.05.

Energy Transfer Equity, L.P. (NYSE:ETE) last released its earnings results on Tuesday, November 7th. The pipeline company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). The firm had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $16.25 billion. Energy Transfer Equity, L.P. had a return on equity of 3.84% and a net margin of 2.29%. The business’s revenue was up 23.0% on a year-over-year basis. During the same period last year, the business earned $0.19 earnings per share. research analysts predict that Energy Transfer Equity, L.P. will post 1.11 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were given a $0.295 dividend. This is an increase from Energy Transfer Equity, L.P.’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a dividend yield of 7.27%. The ex-dividend date of this dividend was Monday, November 6th. Energy Transfer Equity, L.P.’s dividend payout ratio (DPR) is 113.46%.

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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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