Energy Transfer Equity, L.P. (NYSE:ETE) has been given a $19.00 price objective by analysts at BMO Capital Markets in a note issued to investors on Thursday. The firm currently has a “hold” rating on the pipeline company’s stock. BMO Capital Markets’ target price suggests a potential upside of 4.40% from the company’s current price.

Several other brokerages also recently weighed in on ETE. Morgan Stanley raised shares of Energy Transfer Equity, L.P. to a “buy” rating in a research note on Wednesday, August 30th. Deutsche Bank AG cut their target price 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 note on Wednesday, June 21st. Royal Bank Of Canada reissued a “buy” rating and issued a $22.00 target price on shares of Energy Transfer Equity, L.P. in a research note on Wednesday, September 6th. Zacks Investment Research downgraded shares of Energy Transfer Equity, L.P. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus began coverage on shares of Energy Transfer Equity, L.P. in a research note on Thursday, July 13th. They issued a “buy” rating and a $20.00 target price for the company. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $21.15.

Shares of Energy Transfer Equity, L.P. (NYSE:ETE) opened at 18.20 on Thursday. Energy Transfer Equity, L.P. has a one year low of $13.77 and a one year high of $20.05. The company has a 50 day moving average of $17.55 and a 200-day moving average of $17.71. The stock has a market cap of $19.64 billion, a price-to-earnings ratio of 22.95 and a beta of 1.90.

Energy Transfer Equity, L.P. (NYSE:ETE) last released its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.07). The firm had revenue of $8.94 billion for the quarter, compared to analyst estimates of $11.41 billion. Energy Transfer Equity, L.P. had a return on equity of 3.79% and a net margin of 2.18%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period last year, the firm earned $0.23 EPS. On average, analysts anticipate that Energy Transfer Equity, L.P. will post $1.24 earnings per share for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Jennison Associates LLC grew its holdings in Energy Transfer Equity, L.P. by 18.3% in the 2nd quarter. Jennison Associates LLC now owns 693,496 shares of the pipeline company’s stock valued at $12,455,000 after buying an additional 107,269 shares during the period. Chickasaw Capital Management LLC grew its holdings in Energy Transfer Equity, L.P. by 0.4% in the 2nd quarter. Chickasaw Capital Management LLC now owns 22,428,755 shares of the pipeline company’s stock valued at $402,820,000 after buying an additional 96,717 shares during the period. US Bancorp DE grew its holdings in Energy Transfer Equity, L.P. by 4.9% in the 2nd quarter. US Bancorp DE now owns 212,111 shares of the pipeline company’s stock valued at $3,810,000 after buying an additional 9,992 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Energy Transfer Equity, L.P. by 11.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,181,258 shares of the pipeline company’s stock valued at $182,855,000 after buying an additional 1,062,038 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Energy Transfer Equity, L.P. by 87.8% in the 2nd quarter. Wells Fargo & Company MN now owns 2,672,496 shares of the pipeline company’s stock valued at $47,998,000 after buying an additional 1,249,443 shares during the period. Institutional investors own 48.43% of the company’s stock.

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.

Analyst Recommendations for Energy Transfer Equity, L.P. (NYSE:ETE)

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