Equities analysts expect Energy Transfer Equity, L.P. (NYSE:ETE) to post earnings of $0.25 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Energy Transfer Equity, L.P.’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.33. Energy Transfer Equity, L.P. reported earnings per share of $0.23 in the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The company is expected to announce its next earnings report after the market closes on Tuesday, August 8th.

According to Zacks, analysts expect that Energy Transfer Equity, L.P. will report full year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.66 to $1.36. For the next fiscal year, analysts forecast that the business will report earnings of $1.50 per share, with EPS estimates ranging from $1.18 to $2.17. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Energy Transfer Equity, L.P..

ETE has been the subject of several recent research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $22.00 price target on shares of Energy Transfer Equity, L.P. in a report on Tuesday, May 23rd. Deutsche Bank AG decreased their price target on Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, June 21st. Jefferies Group LLC upgraded Energy Transfer Equity, L.P. from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Wednesday, April 19th. Stifel Nicolaus initiated coverage on Energy Transfer Equity, L.P. in a report on Thursday, July 13th. They set a “buy” rating and a $20.00 price target for the company. Finally, ValuEngine downgraded Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $20.72.

Several hedge funds have recently added to or reduced their stakes in the stock. Taylor Wealth Management Partners raised its stake in Energy Transfer Equity, L.P. by 53.8% in the first quarter. Taylor Wealth Management Partners now owns 14,300 shares of the pipeline company’s stock worth $282,000 after buying an additional 5,000 shares during the last quarter. CAPROCK Group Inc. raised its stake in Energy Transfer Equity, L.P. by 84.3% in the first quarter. CAPROCK Group Inc. now owns 31,475 shares of the pipeline company’s stock worth $621,000 after buying an additional 14,397 shares during the last quarter. Diversified Trust Co raised its stake in Energy Transfer Equity, L.P. by 28.9% in the first quarter. Diversified Trust Co now owns 125,140 shares of the pipeline company’s stock worth $2,469,000 after buying an additional 28,084 shares during the last quarter. Sanders Morris Harris Inc. raised its stake in Energy Transfer Equity, L.P. by 190.3% in the first quarter. Sanders Morris Harris Inc. now owns 80,550 shares of the pipeline company’s stock worth $1,590,000 after buying an additional 52,800 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. raised its stake in Energy Transfer Equity, L.P. by 0.6% in the first quarter. Duff & Phelps Investment Management Co. now owns 634,532 shares of the pipeline company’s stock worth $12,519,000 after buying an additional 4,000 shares during the last quarter. Institutional investors own 50.64% of the company’s stock.

Energy Transfer Equity, L.P. (NYSE:ETE) traded up 0.12% during midday trading on Friday, hitting $17.33. The stock had a trading volume of 2,858,170 shares. The stock has a market capitalization of $18.70 billion, a PE ratio of 20.80 and a beta of 1.90. Energy Transfer Equity, L.P. has a 1-year low of $13.77 and a 1-year high of $20.05. The stock’s 50-day moving average is $17.26 and its 200-day moving average is $18.19.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.58%. Energy Transfer Equity, L.P.’s payout ratio is 135.71%.

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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.

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

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