Energy Transfer Equity L.P. (NYSE:ETE)’s share price shot up 3.1% during trading on Thursday . The company traded as high as $16.52 and last traded at $16.42, with a volume of 9,822,464 shares traded. The stock had previously closed at $15.92.

A number of research firms have recently commented on ETE. Vetr downgraded Energy Transfer Equity L.P. from a “strong-buy” rating to a “buy” rating and set a $14.22 price objective on the stock. 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 restated a “buy” rating on shares of Energy Transfer Equity L.P. in a report on Monday, June 27th. Sanford C. Bernstein assumed coverage on Energy Transfer Equity L.P. in a research note on Wednesday, May 11th. They issued a “market perform” rating and a $15.00 target price for the company. Finally, BMO Capital Markets assumed coverage on Energy Transfer Equity L.P. in a research note on Tuesday, April 19th. They issued a “market perform” rating and a $8.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Energy Transfer Equity L.P. has a consensus rating of “Hold” and an average target price of $16.92.

The firm’s 50 day moving average price is $13.73 and its 200 day moving average price is $10.34. The firm has a market capitalization of $17.13 billion and a PE ratio of 14.27.

Energy Transfer Equity L.P. (NYSE:ETE) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $7.98 billion for the quarter, compared to analyst estimates of $10.28 billion. During the same period in the previous year, the business posted $0.52 EPS. Energy Transfer Equity L.P.’s revenue for the quarter was down 23.2% on a year-over-year basis. Equities research analysts forecast that Energy Transfer Equity L.P. will post $1.22 earnings per share for the current year.

Other hedge funds have recently added to or reduced their stakes in the company. Advantus Capital Management Inc purchased a new stake in Energy Transfer Equity L.P. during the fourth quarter worth about $1,047,000. Ray Gerald L & Associates Ltd. boosted its stake 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 worth $1,338,000 after buying an additional 300 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its stake in 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 worth $1,859,000 after buying an additional 63,023 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake 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 worth $2,262,000 after buying an additional 6,779 shares during the last quarter. Finally, Alps Advisors Inc. boosted its stake in Energy Transfer Equity L.P. by 47.0% in the fourth quarter. Alps Advisors Inc. now owns 210,476 shares of the company’s stock worth $2,892,000 after buying an additional 67,269 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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