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Energy Transfer Equity (NYSE:ETE) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a report released on Friday, Stock Ratings News reports.

The analysts wrote, “Energy Transfer Equity (ETE) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and poor profit margins.”

Energy Transfer Equity (NYSE:ETE) traded up 1.59% on Friday, hitting $43.2078. The stock had a trading volume of 414,083 shares. Energy Transfer Equity has a one year low of $25.345 and a one year high of $44.50. The stock has a 50-day moving average of $41.48 and a 200-day moving average of $36.20. The company has a market cap of $24.265 billion and a P/E ratio of 57.55.

Energy Transfer Equity (NYSE:ETE) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.31) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.62 by $0.93. The company had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $11.76 billion. On average, analysts predict that Energy Transfer Equity will post $1.35 earnings per share for the current fiscal year.

ETE has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Energy Transfer Equity in a research note on Friday, January 24th. Separately, analysts at Wells Fargo & Co. raised their price target on shares of Energy Transfer Equity to $103.00 in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Energy Transfer Equity currently has a consensus rating of “Buy” and a consensus price target of $77.77.

Energy Transfer Equity, L.P. (NYSE:ETE) is a limited partnership engaged in natural gas operations and retail propane.

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