Tuesday, 22 December, 2015

Value Stock Alert: Energy Transfer Equity, L.P. (NYSE:ETE)

Kelcy Warren CEO and chairman of the board of Energy Transfer Partners speaks to The Dallas Morning News in the company's offices in Dallas Thursday Kelcy Warren CEO and chairman of Energy Transfer Partners
Elliot Roberts | 22 December, 2015, 22:05

With the volume soaring to 34,507,075 shares, the last trade was called at $11.09. Following the completion of the transaction, the director now directly owns 25,848,220 shares of the company's stock, valued at approximately $429,597,416.40. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The disclosure for this purchase can be found here. Evercore ISI began coverage on shares of Energy Transfer Equity in a report on Monday, October 26th. The stock has a market capitalization of $14.53 billion and a PE ratio of 61.18. The 52-week high of Energy Transfer Equity, L.P. (NYSE:ETE) is $35.44 and the 52-week low is $11.951.

Energy Transfer Equity (NYSE:ETE) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by $0.10. This represents the consensus average based on the 12 analysts that are providing targets. The company's revenue was down 29.2% compared to the same quarter a year ago. On average, equities research analysts predict that Energy Transfer Partners LP will post $1.46 earnings per share for the current year. Investors of record on Thursday, November 5th were paid a $0.285 dividend. The ex-dividend date of this dividend was Tuesday, November 3rd.

A hedge fund recently raised its stake in Energy Transfer Equity stock. ING Group owned 1.85% of Energy Transfer Equity worth $403,658,000 at the end of the most recent quarter. The standard deviation of short term price target has been estimated at $8.98, implying that the actual price may fluctuate by this value.

Energy Transfer Partners LP (NYSE:ETP) coverage has been initiated with a key "Buy" rating as well as a $48.00 target price per share at Jefferies & Co. 0 analyst has rated the stock with a sell rating, 0 have assigned a hold rating, 2 says it's a buy, and 9 have assigned a strong buy rating to the company. RBC Capital dropped their target price on Energy Transfer Partners from $74.00 to $67.00 and set an "outperform" rating for the company in a report on Monday, September 21st.

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".

The report highlights P&G;'s recent efforts to address climate change, including a new goal to reduce absolute greenhouse gas emissions by 30% by 2020 and two new partnerships with Constellation Energy and EDF RE which will increase the Company's use of renewable energy. The Company operates under the brands Sunoco, Stripes, Aplus, Aloha Island Mart, Exxon, Mobil, Valero, Shell and Chevron, among others.