Energy Transfer Equity (ETE) Scheduled to Post Earnings on Tuesday

Energy Transfer Equity (NYSE:ETE) is scheduled to release its earnings data after the market closes on Tuesday, February 20th. Analysts expect Energy Transfer Equity to post earnings of $0.34 per share for the quarter.

Shares of Energy Transfer Equity (NYSE ETE) opened at $17.04 on Tuesday. The stock has a market capitalization of $18,390.00, a P/E ratio of 16.38 and a beta of 1.81. Energy Transfer Equity has a one year low of $15.03 and a one year high of $19.85. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 1.69.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Thursday, February 8th will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 7.16%. This is a positive change from Energy Transfer Equity’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, February 7th. Energy Transfer Equity’s dividend payout ratio (DPR) is presently 117.31%.

Several research firms have recently issued reports on ETE. Zacks Investment Research raised Energy Transfer Equity from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. Jefferies Group reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Energy Transfer Equity in a research note on Monday, October 16th. Bank of America began coverage on Energy Transfer Equity in a research note on Tuesday, January 9th. They issued a “neutral” rating for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Energy Transfer Equity in a research note on Tuesday, January 16th. Finally, Mizuho reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Energy Transfer Equity in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. Energy Transfer Equity has a consensus rating of “Buy” and a consensus price target of $21.70.

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Energy Transfer Equity 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 for Energy Transfer Equity (NYSE:ETE)

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