Energy Transfer Equity L.P. (NYSE:ETE)’s share price traded down 2.9% during trading on Thursday . The company traded as low as $16.50 and last traded at $16.50, with a volume of 3,240,738 shares traded. The stock had previously closed at $16.99.

A number of equities analysts 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 target for the company. in a research note 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 note on Wednesday, April 27th. Jefferies Group reiterated a “buy” rating on shares of Energy Transfer Equity L.P. in a research note 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 price target for the company. Finally, BMO Capital Markets assumed coverage on shares of Energy Transfer Equity L.P. in a report on Tuesday, April 19th. They issued a “market perform” rating and a $8.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Energy Transfer Equity L.P. currently has an average rating of “Hold” and an average price target of $16.52.

The firm has a market cap of $17.64 billion and a P/E ratio of 14.69. The firm’s 50 day moving average price is $14.40 and its 200-day moving average price is $10.48.

Energy Transfer Equity L.P. (NYSE:ETE) last released its earnings results on Wednesday, May 4th. The company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 prior year, the firm earned $0.52 EPS. The firm’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.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Advantus Capital Management Inc purchased a new position in Energy Transfer Equity L.P. during the fourth quarter worth $1,047,000. Liberty Mutual Group Asset Management Inc. increased its position 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 valued at $1,859,000 after buying an additional 63,023 shares during the last quarter. Pinnacle Associates Ltd. increased 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. Veritable L.P. increased 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. Finally, Marshall Wace LLP bought a new position in Energy Transfer Equity L.P. during the fourth quarter valued at about $4,748,000.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.