Energy Transfer Equity L.P. (NYSE:ETE)’s share price was up 1.2% on Tuesday . The stock traded as high as $18.32 and last traded at $18.04, with a volume of 4,430,131 shares traded. The stock had previously closed at $17.82.

Several equities analysts recently weighed in on ETE shares. Vetr upgraded Energy Transfer Equity L.P. from a “hold” rating to a “buy” rating and set a $14.22 target price on the stock in a research report on Monday, June 13th. Zacks Investment Research downgraded Energy Transfer Equity L.P. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 10th. 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 on the stock. BMO Capital Markets assumed coverage on Energy Transfer Equity L.P. in a report on Tuesday, April 19th. They issued a “market perform” rating and a $8.00 price objective on the stock. Finally, 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 on the stock. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $17.35.

The firm’s 50 day moving average price is $16.03 and its 200 day moving average price is $11.38. The firm has a market capitalization of $18.71 billion and a PE ratio of 16.29.

Energy Transfer Equity L.P. (NYSE:ETE) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by $0.06. The firm earned $9.34 billion during the quarter, compared to analyst estimates of $8.09 billion. During the same quarter last year, the company earned $0.28 EPS. The company’s quarterly revenue was down 19.4% compared to the same quarter last year. Equities research analysts forecast that Energy Transfer Equity L.P. will post $1.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Monday, August 8th will be issued a dividend of $0.285 per share. The ex-dividend date is Thursday, August 4th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.39%.

Other hedge funds and institutional investors have modified their holdings of the company. Chickasaw Capital Management LLC increased its position in shares of 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. Marshall Wace LLP purchased a new position in shares of Energy Transfer Equity L.P. during the fourth quarter worth approximately $4,748,000. Advantus Capital Management Inc purchased a new position in shares of Energy Transfer Equity L.P. during the fourth quarter worth approximately $1,047,000. Eaton Vance Management increased its position in shares of 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 period. Finally, C.V. Starr & Co. Inc. Trust increased its position in shares of Energy Transfer Equity L.P. by 3.3% in the fourth quarter. C.V. Starr & Co. Inc. Trust now owns 620,000 shares of the company’s stock worth $8,519,000 after buying an additional 20,000 shares during the period.

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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