Traders purchased shares of Energy Transfer Equity L.P. (NYSE:ETE) on weakness during trading on Friday. $50.35 million flowed into the stock on the tick-up and $15.02 million flowed out of the stock on the tick-down, for a money net flow of $35.33 million into the stock. Of all equities tracked, Energy Transfer Equity L.P. had the 31st highest net in-flow for the day. Energy Transfer Equity L.P. traded down ($0.13) for the day and closed at $16.59

A number of equities analysts recently issued reports on the company. Vetr cut Energy Transfer Equity L.P. from a “strong-buy” rating to a “buy” rating and set a $14.22 target price on the stock. in a report on Tuesday, May 17th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $17.00 target price on shares of Energy Transfer Equity L.P. in a report on Wednesday, July 13th. Barclays PLC restated an “overweight” rating and issued a $20.00 target price on shares of Energy Transfer Equity L.P. in a report on Tuesday, July 5th. 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. Finally, Jefferies Group restated a “buy” rating and issued a $17.00 target price (up from $15.00) on shares of Energy Transfer Equity L.P. in a report on Wednesday, June 8th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.11.

The company has a market cap of $17.33 billion and a P/E ratio of 14.44. The firm’s 50-day moving average is $14.98 and its 200-day moving average is $10.73.

Energy Transfer Equity L.P. (NYSE:ETE) last issued its earnings results on Wednesday, May 4th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. During the same quarter in the previous year, the firm posted $0.52 EPS. The business had revenue of $7.98 billion for the quarter, compared to the consensus estimate of $10.28 billion. The business’s revenue was down 23.2% on a year-over-year basis. Equities research analysts anticipate that Energy Transfer Equity L.P. will post $1.17 EPS for the current year.

The firm also recently announced a dividend, which will be paid on Friday, August 19th. Shareholders of record on Monday, August 8th will be given a dividend of $0.285 per share. The ex-dividend date is Thursday, August 4th.

Several hedge funds have modified their holdings of ETE. Atlantic Trust Group LLC boosted its stake in shares of Energy Transfer Equity L.P. by 37.7% in the fourth quarter. Atlantic Trust Group LLC now owns 12,512,046 shares of the company’s stock valued at $171,915,000 after buying an additional 3,423,663 shares during the last quarter. Chickasaw Capital Management LLC boosted its stake in Energy Transfer Equity L.P. by 38.6% in the fourth quarter. Chickasaw Capital Management LLC now owns 9,776,027 shares of the company’s stock worth $134,323,000 after buying an additional 2,720,568 shares in the last quarter. 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 in 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 in the last quarter. Finally, Eaton Vance Management boosted its stake in Energy Transfer Equity L.P. by 13.6% in the fourth quarter. Eaton Vance Management now owns 436,015 shares of the company’s stock worth $5,991,000 after buying an additional 52,300 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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