Credit Suisse Group AG reissued their outperform rating on shares of Energy Transfer Equity L.P. (NYSE:ETE) in a research note released on Wednesday morning. They currently have a $20.00 target price on the stock.

A number of other equities research analysts also recently commented on ETE. Zacks Investment Research downgraded Energy Transfer Equity L.P. from a hold rating to a sell rating in a report on Monday, September 26th. Stephens started coverage on Energy Transfer Equity L.P. in a report on Thursday, September 29th. They issued an equal weight rating and a $20.00 target price for the company. Sanford C. Bernstein raised Energy Transfer Equity L.P. from a market perform rating to an outperform rating and set a $17.00 target price for the company in a report on Monday, November 7th. Robert W. Baird raised Energy Transfer Equity L.P. from a neutral rating to an outperform rating and raised their target price for the company from $7.00 to $20.00 in a report on Monday, September 26th. Finally, Morgan Stanley started coverage on Energy Transfer Equity L.P. in a report on Monday, August 15th. They issued an overweight rating and a $20.00 target price for the company. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Energy Transfer Equity L.P. has an average rating of Buy and a consensus price target of $18.88.

Energy Transfer Equity L.P. (NYSE:ETE) opened at 17.03 on Wednesday. The firm has a market cap of $17.80 billion, a PE ratio of 16.91 and a beta of 1.81. Energy Transfer Equity L.P. has a 12 month low of $4.00 and a 12 month high of $19.99. The stock’s 50 day moving average is $16.01 and its 200 day moving average is $15.73.

Energy Transfer Equity L.P. (NYSE:ETE) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.04. Energy Transfer Equity L.P. had a return on equity of 6.10% and a net margin of 2.94%. The company had revenue of $9.68 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same period in the prior year, the business earned $0.28 earnings per share. Energy Transfer Equity L.P.’s revenue for the quarter was down 8.8% compared to the same quarter last year. On average, equities analysts forecast that Energy Transfer Equity L.P. will post $0.99 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Monday, November 7th were issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 6.69%. The ex-dividend date of this dividend was Thursday, November 3rd. Energy Transfer Equity L.P.’s dividend payout ratio (DPR) is 111.77%.

Hedge funds have recently bought and sold shares of the stock. RGT Capital Management Ltd. acquired a new stake in Energy Transfer Equity L.P. during the third quarter valued at approximately $429,000. Brookfield Asset Management Inc. boosted its stake in Energy Transfer Equity L.P. by 3.6% in the third quarter. Brookfield Asset Management Inc. now owns 1,638,700 shares of the company’s stock valued at $27,514,000 after buying an additional 57,200 shares during the period. LPL Financial LLC boosted its stake in Energy Transfer Equity L.P. by 17.1% in the third quarter. LPL Financial LLC now owns 70,196 shares of the company’s stock valued at $1,139,000 after buying an additional 10,239 shares during the period. Credit Suisse AG boosted its stake in Energy Transfer Equity L.P. by 19.4% in the third quarter. Credit Suisse AG now owns 3,951,824 shares of the company’s stock valued at $66,351,000 after buying an additional 643,120 shares during the period. Finally, Arcus Capital Partners LLC boosted its stake in Energy Transfer Equity L.P. by 40.0% in the third quarter. Arcus Capital Partners LLC now owns 15,035 shares of the company’s stock valued at $252,000 after buying an additional 4,294 shares during the period. Institutional investors own 43.80% of the company’s stock.

Energy Transfer Equity L.P. Company Profile

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.

5 Day Chart for NYSE:ETE

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