Energy Transfer Equity, L.P. (NYSE:ETE) saw unusually large options trading on Thursday. Stock traders purchased 32,045 call options on the stock. This represents an increase of approximately 415% compared to the average daily volume of 6,224 call options.

Several analysts have recently issued reports on the company. Sanford C. Bernstein assumed coverage on Energy Transfer Equity, L.P. in a research note on Tuesday, May 16th. They set a “market perform” rating for the company. 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 research note on Tuesday, May 23rd. Zacks Investment Research upgraded Energy Transfer Equity, L.P. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Energy Transfer Equity, L.P. from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. Finally, Stifel Nicolaus assumed coverage on Energy Transfer Equity, L.P. in a research note on Thursday, July 13th. They set a “buy” rating and a $20.00 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Energy Transfer Equity, L.P. presently has an average rating of “Buy” and a consensus price target of $20.75.

Shares of Energy Transfer Equity, L.P. (NYSE:ETE) opened at 17.78 on Friday. The company has a market cap of $19.19 billion, a P/E ratio of 22.42 and a beta of 1.90. Energy Transfer Equity, L.P. has a 52 week low of $13.77 and a 52 week high of $20.05. The company’s 50-day moving average price is $17.32 and its 200 day moving average price is $17.92.

Energy Transfer Equity, L.P. (NYSE:ETE) last posted its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.07. Energy Transfer Equity, L.P. had a return on equity of 3.79% and a net margin of 2.18%. The business had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $11.41 billion. During the same quarter in the previous year, the business posted $0.23 EPS. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, equities analysts forecast that Energy Transfer Equity, L.P. will post $1.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date was Thursday, August 3rd. Energy Transfer Equity, L.P.’s payout ratio is currently 144.31%.

A number of institutional investors have recently bought and sold shares of ETE. Balyasny Asset Management LLC grew its holdings in Energy Transfer Equity, L.P. by 321.1% during the second quarter. Balyasny Asset Management LLC now owns 8,650,000 shares of the pipeline company’s stock worth $155,354,000 after purchasing an additional 6,595,679 shares during the period. Bank of Montreal Can grew its holdings in Energy Transfer Equity, L.P. by 35.9% during the second quarter. Bank of Montreal Can now owns 23,022,988 shares of the pipeline company’s stock worth $413,493,000 after purchasing an additional 6,078,618 shares during the period. Atlantic Trust Group LLC grew its holdings in Energy Transfer Equity, L.P. by 16.6% during the first quarter. Atlantic Trust Group LLC now owns 13,317,451 shares of the pipeline company’s stock worth $262,753,000 after purchasing an additional 1,892,220 shares during the period. Brookfield Asset Management Inc. grew its holdings in Energy Transfer Equity, L.P. by 145.3% during the first quarter. Brookfield Asset Management Inc. now owns 2,869,200 shares of the pipeline company’s stock worth $56,609,000 after purchasing an additional 1,699,700 shares during the period. Finally, Pentwater Capital Management LP grew its holdings in Energy Transfer Equity, L.P. by 127.5% during the first quarter. Pentwater Capital Management LP now owns 288,400 shares of the pipeline company’s stock worth $5,690,000 after purchasing an additional 1,338,400 shares during the period. Institutional investors and hedge funds own 48.44% of the company’s stock.

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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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