Todays Report: Today, Energy Transfer Equity L.P. (ETE) Given a $19.00 Price Target at BMO Capital Markets

Today, Energy Transfer Equity L.P. (ETE) Given a $19.00 Price Target at BMO Capital Markets

BMO Capital Markets set a $19.00 target price on Energy Transfer Equity L.P. (NYSE:ETE) in a research report released on Thursday morning. The brokerage currently has a hold rating on the stock.

A number of other brokerages have also weighed in on ETE. Jefferies Group reaffirmed a buy rating and set a $20.00 target price on shares of Energy Transfer Equity L.P. in a research report on Thursday, August 4th. Credit Suisse Group AG reaffirmed a buy rating and set a $20.00 target price on shares of Energy Transfer Equity L.P. in a research report on Sunday, August 7th. Morgan Stanley started coverage on Energy Transfer Equity L.P. in a research report on Monday, August 15th. They set an overweight rating and a $20.00 target price on the stock. JPMorgan Chase & Co. reaffirmed an overweight rating and set a $21.00 target price on shares of Energy Transfer Equity L.P. in a research report on Friday, September 2nd. Finally, Robert W. Baird raised Energy Transfer Equity L.P. from a neutral rating to an outperform rating and upped their target price for the stock from $7.00 to $20.00 in a research report on Monday, September 26th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $18.88.

Energy Transfer Equity L.P. (NYSE:ETE) traded down 1.48% during trading on Thursday, reaching $17.30. 1,543,574 shares of the company’s stock were exchanged. The firm has a market cap of $18.09 billion, a price-to-earnings ratio of 17.18 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 firm’s 50-day moving average price is $16.00 and its 200-day moving average price is $15.66.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, November 7th were given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 6.59%. The ex-dividend date was Thursday, November 3rd. Energy Transfer Equity L.P.’s dividend payout ratio is presently 111.77%.

Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of Energy Transfer Equity L.P. by 55.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,588 shares of the company’s stock valued at $109,000 after buying an additional 2,696 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Energy Transfer Equity L.P. by 3.2% in the third quarter. Advisory Services Network LLC now owns 8,220 shares of the company’s stock valued at $138,000 after buying an additional 254 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of Energy Transfer Equity L.P. during the third quarter valued at about $138,000. Feltz Wealth PLAN Inc. acquired a new stake in shares of Energy Transfer Equity L.P. during the second quarter valued at about $141,000. Finally, BB&T Corp acquired a new stake in shares of Energy Transfer Equity L.P. during the second quarter valued at about $144,000. 45.76% of the stock is owned by hedge funds and other institutional investors.

About Energy Transfer Equity L.P.

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