Energy Transfer Equity, L.P. (NYSE:ETE) – Research analysts at US Capital Advisors boosted their Q3 2018 earnings estimates for shares of Energy Transfer Equity, L.P. in a research report issued on Monday. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will earn $0.34 per share for the quarter, up from their previous forecast of $0.33. US Capital Advisors has a “Hold” rating on the stock.

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Several other equities research analysts also recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Energy Transfer Equity, L.P. from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $19.00 to $23.00 in a research report on Wednesday, May 10th. Zacks Investment Research downgraded shares of Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Deutsche Bank AG lowered their price objective on shares of Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, June 21st. Royal Bank Of Canada restated a “buy” rating and set a $22.00 price objective on shares of Energy Transfer Equity, L.P. in a research report on Tuesday, May 23rd. Finally, Wolfe Research restated a “market perform” rating on shares of Energy Transfer Equity, L.P. in a research report on Friday, May 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.72.

Energy Transfer Equity, L.P. (NYSE ETE) traded down 0.34% during trading on Tuesday, hitting $17.83. The company had a trading volume of 476,401 shares. The stock has a market capitalization of $19.24 billion, a PE ratio of 21.40 and a beta of 1.91. The stock has a 50-day moving average of $17.19 and a 200-day moving average of $18.33. Energy Transfer Equity, L.P. has a one year low of $13.77 and a one year high of $20.05.

Several institutional investors have recently made changes to their positions in the company. Advisors Capital Management LLC boosted its stake in shares of Energy Transfer Equity, L.P. by 25.9% in the second quarter. Advisors Capital Management LLC now owns 121,306 shares of the pipeline company’s stock worth $2,179,000 after buying an additional 24,951 shares in the last quarter. Creative Planning raised its stake in Energy Transfer Equity, L.P. by 9.3% in the second quarter. Creative Planning now owns 131,624 shares of the pipeline company’s stock worth $2,364,000 after buying an additional 11,145 shares during the last quarter. Trust Co. of Vermont bought a new stake in Energy Transfer Equity, L.P. during the second quarter worth approximately $303,000. Bank of Montreal Can raised its stake in Energy Transfer Equity, L.P. by 35.9% in the second quarter. Bank of Montreal Can now owns 23,022,988 shares of the pipeline company’s stock worth $413,493,000 after buying an additional 6,078,618 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in Energy Transfer Equity, L.P. by 17.0% in the second quarter. Private Trust Co. NA now owns 13,515 shares of the pipeline company’s stock worth $242,000 after buying an additional 1,960 shares during the last quarter. 51.31% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Equity, L.P. Company Profile

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.

Earnings History and Estimates for Energy Transfer Equity, L.P. (NYSE:ETE)

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