Energy Transfer Equity L.P. (NYSE:ETE)’s share price was up 3.1% on Thursday . The stock 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.

Several equities analysts have 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 target price for the company in a research note on Monday, March 28th. Jefferies Group reduced their price objective on shares of Energy Transfer Equity L.P. from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, March 22nd. Zacks Investment Research cut shares of Energy Transfer Equity L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th. Barclays PLC reaffirmed an “overweight” rating and set a $20.00 price objective on shares of Energy Transfer Equity L.P. in a research note on Tuesday, July 5th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Energy Transfer Equity L.P. in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $16.92.

The firm has a 50 day moving average price of $14.05 and a 200 day moving average price of $10.41. The firm has a market capitalization of $17.07 billion and a PE ratio of 14.22.

Energy Transfer Equity L.P. (NYSE:ETE) last issued 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 business earned $7.98 billion during the quarter, compared to the consensus estimate of $10.28 billion. Energy Transfer Equity L.P.’s revenue for the quarter was down 23.2% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. Equities research analysts predict that Energy Transfer Equity L.P. will post $1.22 earnings per share for the current year.

Several institutional investors have modified their holdings of the company. Russell Frank Co boosted its position in shares of 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 shares of Energy Transfer Equity L.P. during the fourth quarter valued at $7,929,000. PNC Financial Services Group Inc. boosted its position in shares of 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. Ray Gerald L & Associates Ltd. boosted its position 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. Finally, Pinnacle Associates Ltd. raised 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 valued at $2,262,000 after buying an additional 6,779 shares in 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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