Energy Transfer Equity L.P. (NYSE:ETE) fell 0.7% during mid-day trading on Friday . The stock traded as low as $15.12 and last traded at $15.38, with a volume of 4,689,183 shares changing hands. The stock had previously closed at $15.28.

Several brokerages have recently issued reports on ETE. Vetr lowered Energy Transfer Equity L.P. from a “strong-buy” rating to a “buy” rating and set a $14.22 price target for the company. in a report on Wednesday, June 1st. Zacks Investment Research upgraded Energy Transfer Equity L.P. from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 27th. Jefferies Group reiterated a “buy” rating on shares of Energy Transfer Equity L.P. in a report on Monday, June 27th. Sanford C. Bernstein began coverage on Energy Transfer Equity L.P. in a report on Wednesday, May 11th. They set a “market perform” rating and a $15.00 price target for the company. Finally, BMO Capital Markets began coverage on Energy Transfer Equity L.P. in a report on Tuesday, April 19th. They set a “market perform” rating and a $8.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $16.91.

The firm has a market cap of $16.28 billion and a P/E ratio of 13.56. The company has a 50-day moving average of $13.44 and a 200 day moving average of $10.28.

Energy Transfer Equity L.P. (NYSE:ETE) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. The business earned $7.98 billion during the quarter, compared to the consensus estimate of $10.28 billion. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s revenue was down 23.2% compared to the same quarter last year. On average, analysts anticipate that Energy Transfer Equity L.P. will post $1.23 earnings per share for the current year.

Several large investors have made changes to their positions in ETE. Liberty Mutual Group Asset Management Inc. increased its stake in shares of Energy Transfer Equity L.P. by 87.2% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 135,279 shares of the company’s stock valued at $1,859,000 after buying an additional 63,023 shares during the period. Pinnacle Associates Ltd. increased its stake in shares of Energy Transfer Equity L.P. by 4.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 164,609 shares of the company’s stock valued at $2,262,000 after buying an additional 6,779 shares during the period. Ray Gerald L & Associates Ltd. increased its stake in shares of Energy Transfer Equity L.P. by 0.3% in the fourth quarter. Ray Gerald L & Associates Ltd. now owns 97,360 shares of the company’s stock valued at $1,338,000 after buying an additional 300 shares during the period. Oceanic Investment Management LTD acquired a new stake in shares of Energy Transfer Equity L.P. during the fourth quarter valued at about $7,990,000. Finally, JRM Investment Counsel LLC increased its stake in shares of Energy Transfer Equity L.P. by 1.5% in the fourth quarter. JRM Investment Counsel LLC now owns 255,040 shares of the company’s stock valued at $3,504,000 after buying an additional 3,852 shares during the period.

Energy Transfer Equity, L.P. (ETE) directly and indirectly owns equity interests in Energy Transfer Partners, L.P. (ETP) and SUN LP, which are engaged in diversified energy-related services. The Company, through its family of companies, owns and operates over 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines.

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