The stock of Energy Transfer Equity LP (NYSE:ETE) is a huge mover today! About 9.40M shares traded hands or 29.66% up from the average. Energy Transfer Equity LP (NYSE:ETE) has risen 24.00% since April 27, 2016 and is uptrending. It has outperformed by 18.78% the S&P500.
The move comes after 5 months positive chart setup for the $18.06 billion company. It was reported on Nov, 30 by Barchart.com. We have $18.24 PT which if reached, will make NYSE:ETE worth $1.08B more.
Analysts await Energy Transfer Equity LP (NYSE:ETE) to report earnings on February, 22. They expect $0.25 EPS, down 59.68% or $0.37 from last year’s $0.62 per share. ETE’s profit will be $262.35M for 17.21 P/E if the $0.25 EPS becomes a reality. After $0.19 actual EPS reported by Energy Transfer Equity LP for the previous quarter, Wall Street now forecasts 31.58% EPS growth.
Energy Transfer Equity LP (NYSE:ETE) Ratings Coverage
Out of 10 analysts covering Energy Transfer Equity LP (NYSE:ETE), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. Energy Transfer Equity LP has been the topic of 15 analyst reports since October 27, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Monday, September 26 by Robert W. Baird. The firm has “Buy” rating by Mizuho given on Friday, September 30. Bernstein upgraded the stock to “Outperform” rating in Tuesday, November 8 report. The firm has “Outperform” rating by Credit Suisse given on Tuesday, July 26. As per Friday, December 18, the company rating was initiated by Jefferies. The firm has “Overweight” rating by JP Morgan given on Friday, September 2. The rating was initiated by Evercore with “Buy” on Tuesday, October 27. The stock of Energy Transfer Equity LP (NYSE:ETE) has “Buy” rating given on Tuesday, March 22 by Jefferies. The stock of Energy Transfer Equity LP (NYSE:ETE) has “Buy” rating given on Wednesday, June 8 by Jefferies. Robert W. Baird downgraded the stock to “Neutral” rating in Monday, February 8 report.
According to Zacks Investment Research, “Energy Transfer Equity, L.P. owns a diversified portfolio of energy assets, including natural gas operations consisting miles of natural gas gathering and transportation pipelines, natural gas treating and processing assets located in Texas and Louisiana, and three natural gas storage facilities located in Texas.”
Insitutional Activity: The institutional sentiment increased to 0.95 in 2016 Q2. Its up 0.28, from 0.67 in 2016Q1. The ratio improved, as 52 funds sold all Energy Transfer Equity LP shares owned while 111 reduced positions. 38 funds bought stakes while 71 increased positions. They now own 419.54 million shares or 8.98% less from 460.95 million shares in 2016Q1.
Johnson Inv Counsel has 0.01% invested in the company for 13,500 shares. Yorkville Capital Mgmt Ltd Co last reported 562,180 shares in the company. Frontier Invest Mgmt Comm holds 133,067 shares or 0.24% of its portfolio. Stephens Ar owns 668,349 shares or 0.43% of their US portfolio. Walleye Trading Limited Liability Co, a Minnesota-based fund reported 2.01M shares. Fiera Cap Corp holds 0.02% or 233,188 shares in its portfolio. Deutsche National Bank Ag accumulated 3.94 million shares or 0.04% of the stock. Silvercrest Asset Management Lc accumulated 0% or 24,294 shares. Cambridge Inv Advsrs Inc has 0.01% invested in the company for 39,217 shares. First Manhattan has 2,000 shares for 0% of their US portfolio. Bb&T reported 10,000 shares or 0% of all its holdings. Seabridge Advsr Limited Co has 0.01% invested in the company for 2,010 shares. Wade G W & Inc last reported 0.12% of its portfolio in the stock. The New York-based Oz L P has invested 0.52% in Energy Transfer Equity LP (NYSE:ETE). Washington Trust Fincl Bank holds 800 shares or 0% of its portfolio.
More news for Energy Transfer Equity LP (NYSE:ETE) were recently published by: Forbes.com, which released: “Is There Value In Sunoco Logistics’ Merger With Energy Transfer Partners?” on November 21, 2016. Wsj.com‘s article titled: “·Energy Transfer Equity, Energy Transfer Partners Post Weaker Results” and published on November 09, 2016 is yet another important article.
ETE Company Profile
Energy Transfer Equity, L.P. (ETE), incorporated on August 23, 2005, 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 approximately 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines. The Company’s divisions include Investment in ETP, including the consolidated activities of ETP; Investment in Sunoco LP, including the consolidated activities of Sunoco LP; Investment in Lake Charles LNG, including the activities of Lake Charles LNG, and Corporate and Other. The Company’s subsidiaries include ETP, Energy Transfer Partners GP, L.P. (ETP GP), Energy Transfer Partners, L.L.C. (ETP LLC), Panhandle Eastern Pipe Line Company, LP and its subsidiaries (Panhandle), Sunoco Logistics Partners L.P. (Sunoco Logistics), Sunoco LP, Lake Charles LNG Company, LLC (Lake Charles LNG) and ETP Holdco Corporation (ETP Holdco).
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