Shares of Energy Transfer Equity L.P. (NYSE:ETE) traded down 4.6% on Monday . The stock traded as low as $15.79 and last traded at $15.82, with a volume of 3,322,498 shares trading hands. The stock had previously closed at $16.59.

Several analysts recently weighed in on the company. Jefferies Group boosted their price objective on Energy Transfer Equity L.P. from $17.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 25th. Sanford C. Bernstein assumed coverage on Energy Transfer Equity L.P. in a report on Wednesday, May 11th. They issued a “market perform” rating and a $15.00 price objective for the company. Vetr lowered Energy Transfer Equity L.P. from a “strong-buy” rating to a “buy” rating and set a $14.22 price objective for the company. in a report on Wednesday, June 1st. Credit Suisse Group AG reissued an “outperform” rating and issued a $20.00 price objective on shares of Energy Transfer Equity L.P. in a report on Tuesday, July 26th. Finally, Deutsche Bank AG assumed coverage on Energy Transfer Equity L.P. in a report on Thursday, July 7th. They issued a “buy” rating and a $20.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.11.

The stock has a 50-day moving average of $15.05 and a 200 day moving average of $10.80. The firm has a market capitalization of $16.30 billion and a price-to-earnings ratio of 13.58.

Energy Transfer Equity L.P. (NYSE:ETE) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. The firm 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 company earned $0.52 earnings per share. The firm’s revenue was down 23.2% on a year-over-year basis. Analysts anticipate that Energy Transfer Equity L.P. will post $1.17 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 8th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 7.31%. The ex-dividend date of this dividend is Thursday, August 4th.

Other large investors recently added to or reduced their stakes in the company. 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 valued at $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 valued at $8,155,000 after buying an additional 19,421 shares during 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 valued at $11,351,000 after buying an additional 34,700 shares during the last quarter. 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 valued at $5,991,000 after buying an additional 52,300 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted 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 valued at $1,859,000 after buying an additional 63,023 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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