Traders purchased shares of Energy Transfer Equity LP Unit (NYSE:ETE) on weakness during trading hours on Friday. $46.57 million flowed into the stock on the tick-up and $11.25 million flowed out of the stock on the tick-down, for a money net flow of $35.32 million into the stock. Of all companies tracked, Energy Transfer Equity LP Unit had the 32nd highest net in-flow for the day. Energy Transfer Equity LP Unit traded down ($0.09) for the day and closed at $17.47

ETE has been the subject of a number of analyst reports. Zacks Investment Research raised Energy Transfer Equity LP Unit from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, July 24th. ValuEngine raised Energy Transfer Equity LP Unit from a “sell” rating to a “hold” rating in a report on Friday, June 15th. Morgan Stanley boosted their price target on Energy Transfer Equity LP Unit from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $21.00 price target (up from $19.00) on shares of Energy Transfer Equity LP Unit in a report on Friday, August 10th. Finally, Stephens raised Energy Transfer Equity LP Unit from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $20.00 to $23.00 in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. Energy Transfer Equity LP Unit has an average rating of “Buy” and an average price target of $20.69.

The stock has a market cap of $20.54 billion, a P/E ratio of 12.85 and a beta of 1.90. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.99 and a quick ratio of 0.76.

Energy Transfer Equity LP Unit (NYSE:ETE) last announced its quarterly earnings data on Wednesday, August 8th. The pipeline company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.15). The business had revenue of $14.12 billion during the quarter, compared to analysts’ expectations of $12.63 billion. Energy Transfer Equity LP Unit had a net margin of 2.60% and a return on equity of 5.50%. Energy Transfer Equity LP Unit’s revenue for the quarter was up 49.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 EPS. analysts predict that Energy Transfer Equity LP Unit will post 2.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 20th. Stockholders of record on Monday, August 6th were given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date was Friday, August 3rd. Energy Transfer Equity LP Unit’s dividend payout ratio is currently 100.83%.

In other Energy Transfer Equity LP Unit news, Director Richard D. Brannon acquired 25,000 shares of the stock in a transaction dated Thursday, September 6th. The stock was acquired at an average price of $17.53 per share, with a total value of $438,250.00. Following the completion of the transaction, the director now directly owns 57,619 shares in the company, valued at $1,010,061.07. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard D. Brannon acquired 100,000 shares of the stock in a transaction dated Tuesday, September 11th. The stock was acquired at an average cost of $17.68 per share, with a total value of $1,768,000.00. Following the transaction, the director now owns 92,619 shares of the company’s stock, valued at $1,637,503.92. The disclosure for this purchase can be found here. 3.28% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Chicago Partners Investment Group LLC grew its position in shares of Energy Transfer Equity LP Unit by 1.4% in the second quarter. Chicago Partners Investment Group LLC now owns 629,585 shares of the pipeline company’s stock valued at $10,860,000 after purchasing an additional 8,799 shares during the period. MAI Capital Management grew its position in shares of Energy Transfer Equity LP Unit by 27.6% in the second quarter. MAI Capital Management now owns 228,118 shares of the pipeline company’s stock valued at $3,935,000 after purchasing an additional 49,277 shares during the period. Tiedemann Advisors LLC grew its position in shares of Energy Transfer Equity LP Unit by 2,398.5% in the second quarter. Tiedemann Advisors LLC now owns 416,170 shares of the pipeline company’s stock valued at $7,180,000 after purchasing an additional 399,513 shares during the period. Lake Street Advisors Group LLC grew its position in Energy Transfer Equity LP Unit by 663.3% during the second quarter. Lake Street Advisors Group LLC now owns 117,581 shares of the pipeline company’s stock valued at $2,028,000 after acquiring an additional 102,177 shares during the period. Finally, Waddell & Reed Financial Inc. grew its position in Energy Transfer Equity LP Unit by 14.8% during the second quarter. Waddell & Reed Financial Inc. now owns 2,302,200 shares of the pipeline company’s stock valued at $39,713,000 after acquiring an additional 296,500 shares during the period. 44.41% of the stock is owned by institutional investors and hedge funds.

About Energy Transfer Equity LP Unit (NYSE:ETE)

Energy Transfer Equity, L.P. provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines.

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