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

A number of research analysts recently weighed in on ETE shares. Vetr upgraded shares of Energy Transfer Equity L.P. from a “hold” rating to a “buy” rating and set a $7.95 price objective for the company in a report on Monday, March 28th. Jefferies Group reiterated a “buy” rating and issued a $19.00 price target on shares of Energy Transfer Equity L.P. in a research note on Saturday, March 12th. Zacks Investment Research downgraded shares of Energy Transfer Equity L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $20.00 price target on shares of Energy Transfer Equity L.P. in a research note on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Energy Transfer Equity L.P. currently has a consensus rating of “Hold” and a consensus target price of $16.91.

The company has a market capitalization of $16.28 billion and a price-to-earnings ratio of 13.56. The firm 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 data on Wednesday, May 4th. The company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The company had revenue of $7.98 billion for the quarter, compared to analysts’ expectations of $10.28 billion. The company’s revenue was down 23.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. Analysts expect that Energy Transfer Equity L.P. will post $1.22 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have bought and sold shares of the stock. Ray Gerald L & Associates Ltd. raised its position in 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 last quarter. Novare Capital Management LLC raised its position in Energy Transfer Equity L.P. by 1.1% in the fourth quarter. Novare Capital Management LLC now owns 202,680 shares of the company’s stock valued at $2,785,000 after buying an additional 2,250 shares during the last quarter. JRM Investment Counsel LLC raised its position in 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 last quarter. Pinnacle Associates Ltd. raised its position in 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 last quarter. Finally, Veritable L.P. raised its position in Energy Transfer Equity L.P. by 3.6% in the fourth quarter. Veritable L.P. now owns 228,712 shares of the company’s stock valued at $3,143,000 after buying an additional 7,972 shares during the last quarter.

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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