Investors bought shares of Energy Transfer Equity L.P. (NYSE:ETE) on weakness during trading hours on Monday. $57.39 million flowed into the stock on the tick-up and $19.37 million flowed out of the stock on the tick-down, for a money net flow of $38.02 million into the stock. Of all equities tracked, Energy Transfer Equity L.P. had the 7th highest net in-flow for the day. Energy Transfer Equity L.P. traded down ($0.99) for the day and closed at $15.60

Several equities research analysts have commented on ETE shares. Vetr cut shares of Energy Transfer Equity L.P. from a “strong-buy” rating to a “buy” rating and set a $14.22 price target on the stock. in a research report on Monday, June 20th. Zacks Investment Research upgraded Energy Transfer Equity L.P. from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Monday, July 18th. Credit Suisse Group AG restated an “outperform” rating and set a $20.00 price objective on shares of Energy Transfer Equity L.P. in a report on Tuesday, July 26th. Jefferies Group boosted their price objective on Energy Transfer Equity L.P. from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Finally, Barclays PLC restated an “overweight” rating and set a $20.00 price objective on shares of Energy Transfer Equity L.P. in a report on Tuesday, July 5th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $17.11.

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

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

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

A number of institutional investors recently added to or reduced their stakes in the stock. Chickasaw Capital Management LLC raised its position 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 valued at $134,323,000 after buying an additional 2,720,568 shares during the last quarter. Stephens Inc. AR raised its position 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. Veritable L.P. raised 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. Marshall Wace LLP bought a new position in Energy Transfer Equity L.P. during the fourth quarter valued at $4,748,000. Finally, Eaton Vance Management raised its position 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.

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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