Energy Transfer Equity, L.P. (NYSE:ETE) saw strong trading volume on Friday . 12,200,681 shares were traded during mid-day trading, an increase of 184% from the previous session’s volume of 4,298,340 shares.The stock last traded at $17.33 and had previously closed at $17.31.

A number of research analysts have weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $22.00 target price on shares of Energy Transfer Equity, L.P. in a research note on Wednesday, September 6th. Stifel Nicolaus assumed coverage on shares of Energy Transfer Equity, L.P. in a research note on Thursday, July 13th. They issued a “buy” rating and a $20.00 target price on the stock. BidaskClub lowered shares of Energy Transfer Equity, L.P. from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. ValuEngine lowered shares of Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Deutsche Bank AG decreased their target price on shares of Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $20.68.

The stock has a market cap of $18.70 billion, a PE ratio of 21.85 and a beta of 1.90. The company’s 50 day moving average is $17.30 and its 200-day moving average is $17.83.

Energy Transfer Equity, L.P. (NYSE:ETE) last announced its earnings results on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.07). Energy Transfer Equity, L.P. had a return on equity of 3.79% and a net margin of 2.18%. The firm had revenue of $8.94 billion for the quarter, compared to analyst estimates of $11.41 billion. During the same quarter last year, the business posted $0.23 EPS. The firm’s revenue was up 20.5% compared to the same quarter last year. On average, equities research analysts forecast that Energy Transfer Equity, L.P. will post $1.30 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in ETE. Waldron LP acquired a new stake in Energy Transfer Equity, L.P. during the first quarter worth approximately $403,000. Bank of New York Mellon Corp raised its stake in Energy Transfer Equity, L.P. by 104.4% during the first quarter. Bank of New York Mellon Corp now owns 311,102 shares of the pipeline company’s stock worth $6,138,000 after purchasing an additional 158,876 shares during the period. Suntrust Banks Inc. raised its stake in Energy Transfer Equity, L.P. by 0.4% during the first quarter. Suntrust Banks Inc. now owns 13,525 shares of the pipeline company’s stock worth $266,000 after purchasing an additional 51 shares during the period. Alliancebernstein L.P. raised its stake in Energy Transfer Equity, L.P. by 38.7% during the first quarter. Alliancebernstein L.P. now owns 213,900 shares of the pipeline company’s stock worth $4,220,000 after purchasing an additional 59,673 shares during the period. Finally, Rafferty Asset Management LLC raised its stake in Energy Transfer Equity, L.P. by 6.5% during the first quarter. Rafferty Asset Management LLC now owns 183,531 shares of the pipeline company’s stock worth $3,621,000 after purchasing an additional 11,217 shares during the period. Hedge funds and other institutional investors own 48.38% of the company’s stock.

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About Energy Transfer Equity, L.P.

Energy Transfer Equity, L.P. (ETE) owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services. The Company’s segments include Investment in ETP, including the consolidated operations of ETP; Investment in Sunoco LP, including the consolidated operations of Sunoco LP; Investment in Lake Charles LNG, including the operations of Lake Charles LNG, and Corporate and Other.

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