Energy Transfer Equity LP (NYSE:ETE) has received an average rating of “Buy” from the seventeen ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $21.33.
A number of equities research analysts have commented on the company. Zacks Investment Research raised Energy Transfer Equity from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. Royal Bank of Canada reissued a “buy” rating and issued a $22.00 target price on shares of Energy Transfer Equity in a report on Tuesday, January 16th. Credit Suisse Group assumed coverage on Energy Transfer Equity in a report on Thursday, January 4th. They issued an “outperform” rating and a $23.00 target price for the company. Bank of America assumed coverage on Energy Transfer Equity in a report on Tuesday, January 9th. They issued a “neutral” rating for the company. Finally, Wolfe Research raised Energy Transfer Equity from a “market perform” rating to an “outperform” rating in a report on Monday, December 18th.
Shares of Energy Transfer Equity (NYSE:ETE) opened at $15.34 on Wednesday. Energy Transfer Equity has a fifty-two week low of $15.03 and a fifty-two week high of $19.82. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.35 and a quick ratio of 1.10. The company has a market capitalization of $16,550.00, a price-to-earnings ratio of -21.61 and a beta of 1.88.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Thursday, February 8th were given a $0.305 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 7.95%. This is a boost from Energy Transfer Equity’s previous quarterly dividend of $0.30. Energy Transfer Equity’s dividend payout ratio (DPR) is currently -171.83%.
Several hedge funds have recently made changes to their positions in ETE. G&S Capital LLC purchased a new position in shares of Energy Transfer Equity in the fourth quarter valued at $110,000. SeaCrest Wealth Management LLC purchased a new position in shares of Energy Transfer Equity in the fourth quarter valued at $115,000. Hall Laurie J Trustee increased its position in shares of Energy Transfer Equity by 9,600.0% in the fourth quarter. Hall Laurie J Trustee now owns 9,700 shares of the pipeline company’s stock valued at $168,000 after buying an additional 9,600 shares in the last quarter. Claraphi Advisory Network LLC purchased a new stake in Energy Transfer Equity during the 4th quarter worth about $173,000. Finally, Brown Advisory Securities LLC purchased a new stake in Energy Transfer Equity during the 4th quarter worth about $179,000. Institutional investors and hedge funds own 49.12% of the company’s stock.
About Energy Transfer Equity
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.
Receive News & Ratings for Energy Transfer Equity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer Equity and related companies with MarketBeat.com's FREE daily email newsletter.