Energy Transfer Equity (ETE) Declares Dividend of $0.35
Energy Transfer Equity (NYSE:ETE) declared a dividend on Tuesday, January 28th, American Banking News.com reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.3463 per share on Wednesday, February 19th. The ex-dividend date of this dividend is Wednesday, February 5th.
A number of research firms have recently commented on ETE. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Energy Transfer Equity in a research note to investors on Friday, January 24th. On a related note, analysts at Wells Fargo & Co. raised their price target on shares of Energy Transfer Equity to $103.00 in a research note to investors on Monday, January 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Energy Transfer Equity currently has a consensus rating of “Buy” and an average price target of $77.77.
Energy Transfer Equity (NYSE:ETE) opened at 40.97 on Thursday. Energy Transfer Equity has a 1-year low of $24.28 and a 1-year high of $43.105. The stock has a 50-day moving average of $40.66 and a 200-day moving average of $35.10. The company has a market cap of $23.009 billion and a price-to-earnings ratio of 55.68.
Energy Transfer Equity (NYSE:ETE) last announced its earnings results on Tuesday, November 5th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.58 by $0.04. The company had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $11.93 billion. During the same quarter last year, the company posted $0.65 earnings per share. Energy Transfer Equity’s revenue was up 493.4% compared to the same quarter last year. Analysts expect that Energy Transfer Equity will post $0.95 EPS for the current fiscal year.
Energy Transfer Equity, L.P. (NYSE:ETE) is a limited partnership engaged in natural gas operations and retail propane.
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