Equities analysts forecast that Energy Transfer Equity, L.P. (NYSE:ETE) will report sales of $10.86 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Energy Transfer Equity, L.P.’s earnings. Energy Transfer Equity, L.P. reported sales of $9.34 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.3%. The company is scheduled to announce its next earnings report after the market closes on Tuesday, August 8th.

On average, analysts expect that Energy Transfer Equity, L.P. will report full-year sales of $10.86 billion for the current year, with estimates ranging from $43.49 billion to $45.98 billion. For the next year, analysts forecast that the company will report sales of $45.79 billion per share, with estimates ranging from $43.88 billion to $47.85 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Energy Transfer Equity, L.P..

Several equities research analysts have issued reports on the company. Zacks Investment Research raised Energy Transfer Equity, L.P. from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub downgraded Energy Transfer Equity, L.P. from a “hold” rating to a “sell” rating in a report on Friday, July 28th. ValuEngine downgraded Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price target on shares of Energy Transfer Equity, L.P. in a report on Monday, April 17th. Finally, Stifel Nicolaus assumed 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Energy Transfer Equity, L.P. currently has an average rating of “Buy” and a consensus price target of $20.72.

Energy Transfer Equity, L.P. (ETE) opened at 17.30 on Tuesday. Energy Transfer Equity, L.P. has a 12 month low of $13.77 and a 12 month high of $20.05. The company has a market cap of $18.67 billion, a price-to-earnings ratio of 20.77 and a beta of 1.90. The company’s 50-day moving average is $17.26 and its 200-day moving average is $18.19.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date is Thursday, August 3rd. Energy Transfer Equity, L.P.’s dividend payout ratio is currently 135.71%.

Several large investors have recently bought and sold shares of ETE. ING Groep NV increased its stake in Energy Transfer Equity, L.P. by 2,796.7% in the first quarter. ING Groep NV now owns 7,041,900 shares of the pipeline company’s stock worth $138,937,000 after buying an additional 6,798,800 shares in the last quarter. Bank of Montreal Can increased 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 in the last quarter. Atlantic Trust Group LLC increased its stake in Energy Transfer Equity, L.P. by 16.6% in the first quarter. Atlantic Trust Group LLC now owns 13,317,451 shares of the pipeline company’s stock worth $262,753,000 after buying an additional 1,892,220 shares in the last quarter. Brookfield Asset Management Inc. increased its stake in Energy Transfer Equity, L.P. by 145.3% in the first quarter. Brookfield Asset Management Inc. now owns 2,869,200 shares of the pipeline company’s stock worth $56,609,000 after buying an additional 1,699,700 shares in the last quarter. Finally, Pentwater Capital Management LP increased its stake in Energy Transfer Equity, L.P. by 127.5% in the first quarter. Pentwater Capital Management LP now owns 288,400 shares of the pipeline company’s stock worth $5,690,000 after buying an additional 1,338,400 shares in the last quarter. 50.41% of the stock is owned by institutional investors.

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About Energy Transfer Equity, L.P.

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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