The Energy Transfer Equity L.P. (ETE) Receives “Outperform” Rating from Robert W. Baird

Energy Transfer Equity L.P. logoEnergy Transfer Equity L.P. (NYSE:ETE)‘s inventory had its “outperform” score reiterated by equities researchers at Robert W. Baird in a report issued on Tuesday. They at present have a $20.00 value goal on the inventory. Robert W. Baird’s value goal signifies a possible upside of 20.77% from the corporate’s present value.

Other equities badysts have additionally issued studies in regards to the firm. Sanford C. Bernstein upgraded Energy Transfer Equity L.P. from a “market perform” score to an “outperform” score and set a $17.00 value goal on the inventory in a badysis report on Monday, November seventh. Credit Suisse Group AG set a $20.00 value goal on Energy Transfer Equity L.P. and gave the inventory a “buy” score in a badysis report on Tuesday, November 22nd. Morgan Stanley started protection on Energy Transfer Equity L.P. in a badysis report on Monday, August 15th. They set an “overweight” score and a $20.00 value goal on the inventory. Zacks Investment Research lowered Energy Transfer Equity L.P. from a “hold” score to a “sell” score in a badysis report on Monday, September 26th. Finally, BMO Capital Markets set a $19.00 value goal on Energy Transfer Equity L.P. and gave the inventory a “hold” score in a report on Thursday, November 24th. Seven funding badysts have rated the inventory with a maintain score and ten have badigned a purchase score to the corporate. The firm presently has a median score of “Buy” and a median value goal of $18.88.

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

Energy Transfer Equity L.P. (NYSE:ETE) traded up three.05% throughout noon buying and selling on Tuesday, hitting $16.56. The inventory had a buying and selling quantity of 6,327,412 shares. Energy Transfer Equity L.P. has a 12 month low of $four.00 and a 12 month excessive of $19.99. The firm has a market cap of $17.31 billion, a P/E ratio of 16.44 and a beta of 1.84. The agency’s 50-day shifting common value is $16.11 and its 200 day shifting common value is $15.88.

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Energy Transfer Equity L.P. (NYSE:ETE) final posted its quarterly earnings outcomes on Wednesday, November ninth. The firm reported $zero.19 earnings per share (EPS) for the quarter, lacking the consensus estimate of $zero.23 by $zero.04. Energy Transfer Equity L.P. had a return on fairness of 6.10% and a internet margin of two.94%. The firm had income of $9.68 billion for the quarter, in comparison with the consensus estimate of $eight.53 billion. During the identical quarter within the earlier 12 months, the enterprise earned $zero.28 earnings per share. Energy Transfer Equity L.P.’s income was down eight.eight% in comparison with the identical quarter final 12 months. On common, badysts anticipate that Energy Transfer Equity L.P. will submit $zero.94 earnings per share for the present fiscal 12 months.

The enterprise additionally just lately disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of file on Monday, November seventh have been paid a dividend of $zero.285 per share. This represents a $1.14 dividend on an annualized foundation and a yield of 6.88%. The ex-dividend date of this dividend was Thursday, November third. Energy Transfer Equity L.P.’s payout ratio is 111.77%.

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Hedge funds and different institutional traders have just lately made adjustments to their positions within the inventory. RGT Capital Management Ltd. purchased a brand new place in shares of Energy Transfer Equity L.P. in the course of the third quarter value about $429,00zero. Brookfield Asset Management Inc. raised its stake in Energy Transfer Equity L.P. by three.6% within the third quarter. Brookfield Asset Management Inc. now owns 1,638,700 shares of the corporate’s inventory value $27,514,00zero after shopping for an extra 57,200 shares over the past quarter. LPL Financial LLC raised its stake in Energy Transfer Equity L.P. by 17.1% within the third quarter. LPL Financial LLC now owns 70,196 shares of the corporate’s inventory value $1,139,00zero after shopping for an extra 10,239 shares over the past quarter. Credit Suisse AG raised its stake in Energy Transfer Equity L.P. by 19.four% within the third quarter. Credit Suisse AG now owns three,951,824 shares of the corporate’s inventory value $66,351,00zero after shopping for an extra 643,120 shares over the past quarter. Finally, Arcus Capital Partners LLC raised its stake in Energy Transfer Equity L.P. by 40.zero% within the third quarter. Arcus Capital Partners LLC now owns 15,035 shares of the corporate’s inventory value $252,00zero after shopping for an extra four,294 shares over the past quarter. Institutional traders and hedge funds personal 43.80% of the corporate’s inventory.

Energy Transfer Equity L.P. Company Profile


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