Investors purchased shares of Energy Transfer Equity L.P. (NYSE:ETE) on weakness during trading hours 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 stocks 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 analysts recently commented on ETE shares. Vetr upgraded shares of Energy Transfer Equity L.P. from a “hold” rating to a “buy” rating and set a $14.22 target price for the company in a research note on Monday, June 13th. Zacks Investment Research cut shares of Energy Transfer Equity L.P. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 10th. Deutsche Bank AG started coverage on shares of Energy Transfer Equity L.P. in a research note on Thursday, July 7th. They issued a “buy” rating and a $20.00 target price for the company. BMO Capital Markets started coverage on shares of Energy Transfer Equity L.P. in a research note on Tuesday, April 19th. They issued a “market perform” rating and a $8.00 target price for the company. Finally, Sanford C. Bernstein started coverage on shares of Energy Transfer Equity L.P. in a research note on Wednesday, May 11th. They issued a “market perform” rating and a $15.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Energy Transfer Equity L.P. presently has an average rating of “Hold” and an average price target of $17.11.

The firm has a market capitalization of $17.33 billion and a price-to-earnings ratio of 14.44. The company’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 quarterly earnings results on Wednesday, May 4th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business 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 company posted $0.52 EPS. The firm’s revenue for the quarter was down 23.2% compared to the same quarter last year. On average, equities analysts predict that Energy Transfer Equity L.P. will post $1.17 earnings per share for the current year.

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

Several hedge funds have recently added to or reduced their stakes in ETE. Liberty Mutual Group Asset Management Inc. raised its stake 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 worth $1,859,000 after buying an additional 63,023 shares during the last quarter. Atlantic Trust Group LLC raised its stake in 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 worth $171,915,000 after buying an additional 3,423,663 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised 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. Advantus Capital Management Inc purchased a new stake in Energy Transfer Equity L.P. during the fourth quarter worth $1,047,000. Finally, Eaton Vance Management raised 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 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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