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Analysts at RBC Capital lifted their price objective on shares of Energy Transfer Equity (NYSE:ETE) from $61.00 to $63.00 in a research report issued to clients and investors on Monday. RBC Capital’s price objective would indicate a potential upside of 13.09% from the company’s current price.

Shares of Energy Transfer Equity (NYSE:ETE) traded up 2.67% during mid-day trading on Monday, hitting $57.20. The stock had a trading volume of 582,030 shares. Energy Transfer Equity has a 1-year low of $30.75 and a 1-year high of $60.58. The stock’s 50-day moving average is $57.11 and its 200-day moving average is $49.51. The company has a market cap of $31.900 billion and a P/E ratio of 114.16.

Energy Transfer Equity (NYSE:ETE) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.04. The company had revenue of $14.14 billion for the quarter, compared to the consensus estimate of $13.13 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Analysts expect that Energy Transfer Equity will post $1.17 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 19th. Shareholders of record on Monday, August 4th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Thursday, July 31st. This is a positive change from Energy Transfer Equity’s previous quarterly dividend of $0.36.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Energy Transfer Equity from $53.00 to $67.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of Energy Transfer Equity to an “outperform” rating in a research note on Wednesday, July 2nd. Finally, analysts at Credit Suisse raised their price target on shares of Energy Transfer Equity from $56.00 to $60.00 in a research note on Thursday, June 26th. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $60.83.

Energy Transfer Equity, L.P. (NYSE:ETE) is a limited partnership company.

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