Investors sold shares of Energy Transfer Equity L.P. (NYSE:ETE) on strength during trading 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 stocks 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 research firms have commented on ETE. Vetr downgraded shares of 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 Tuesday, May 17th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $17.00 price objective on shares of Energy Transfer Equity L.P. in a report on Wednesday. Barclays PLC reiterated an “overweight” rating and issued a $20.00 price objective on shares of Energy Transfer Equity L.P. in a report on Tuesday, July 5th. Zacks Investment Research upgraded shares of Energy Transfer Equity L.P. from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 27th. Finally, Jefferies Group reiterated a “buy” rating and issued a $17.00 price objective (up from $15.00) on shares of Energy Transfer Equity L.P. in a report on Wednesday, June 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued 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 stock has a 50 day moving average price of $14.05 and a 200 day moving average price of $10.41. The stock has a market cap 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, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $7.98 billion for the quarter, compared to the consensus estimate of $10.28 billion. During the same quarter last year, the business posted $0.52 earnings per share. Energy Transfer Equity L.P.’s revenue was down 23.2% on a year-over-year basis. Analysts predict that Energy Transfer Equity L.P. will post $1.22 EPS for the current fiscal year.

Several large investors have added to or reduced their stakes in the company. 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. 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. Veritable L.P. boosted its stake 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 worth $3,143,000 after buying an additional 7,972 shares during the last quarter. Stephens Inc. AR boosted its stake in Energy Transfer Equity L.P. by 3.4% in the fourth quarter. Stephens Inc. AR now owns 593,500 shares of the company’s stock worth $8,155,000 after buying an additional 19,421 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in Energy Transfer Equity L.P. by 4.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 826,100 shares of the company’s stock worth $11,351,000 after buying an additional 34,700 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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