Traders sold shares of Energy Transfer Equity L.P. (NYSE:ETE) on strength during trading hours on Thursday. $51.39 million flowed into the stock on the tick-up and $75.49 million flowed out of the stock on the tick-down, for a money net flow of $24.10 million out of the stock. Of all equities tracked, Energy Transfer Equity L.P. had the 0th highest net out-flow for the day. Energy Transfer Equity L.P. traded up $0.48 for the day and closed at $16.40

Several equities analysts have recently commented on the company. 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 research 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 research report on Wednesday, April 27th. Jefferies Group reiterated a “buy” rating on shares of Energy Transfer Equity L.P. in a research report on Monday, June 27th. Sanford C. Bernstein began coverage on Energy Transfer Equity L.P. in a research report on Wednesday, May 11th. They issued a “market perform” rating and a $15.00 target price on the stock. Finally, BMO Capital Markets began coverage on Energy Transfer Equity L.P. in a research report on Tuesday, April 19th. They issued a “market perform” rating and a $8.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued 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 $16.92.

The company’s 50-day moving average price is $13.89 and its 200-day moving average price is $10.39. The firm has a market cap of $17.13 billion and a PE ratio of 14.27.

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

Other institutional investors have bought and sold shares of the company. Russell Frank Co increased its position in Energy Transfer Equity L.P. by 193.1% in the fourth quarter. Russell Frank Co now owns 729,547 shares of the company’s stock valued at $9,616,000 after buying an additional 480,632 shares during the period. First Trust Advisors LP acquired a new position in Energy Transfer Equity L.P. during the fourth quarter valued at approximately $7,929,000. PNC Financial Services Group Inc. increased its position in Energy Transfer Equity L.P. by 7.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 756,770 shares of the company’s stock valued at $10,399,000 after buying an additional 50,313 shares during the period. Oceanic Investment Management LTD acquired a new position in Energy Transfer Equity L.P. during the fourth quarter valued at approximately $7,990,000. Finally, Ray Gerald L & Associates Ltd. increased 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 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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