Zacks Investment Research has shares of Energy Transfer Equity LP Unit (NYSE: ETE) from a waiting rating to a buy rating in a report released on Wednesday, August 1. They currently have a price target of $ 20.00 on the inventory of the pipeline company.
According to Zacks, "Energy Transfer Equity, LP owns a diversified portfolio of energy assets, including natural gas operations consisting of miles of natural gas collection and transportation pipelines, natural gas treatment and processing assets located in Texas and Louisiana, and three natural gas storage facilities located in Texas."
A number of other research analysts have also commented on ETE. ValuEngine upgraded LP unit Energy Transfer Equity from a sell rating to a hold rating in a study letter on Friday 15 June. US Capital Advisors repeated a holding rating on Energy Transfer Equity LP Unit shares in a research report on Tuesday, July 17. Mizuho repeated a buy rating and published a $ 20.00 price target on shares of the Energy Transfer Equity LP Unit in a research report on Wednesday, April 11. Bank of America upgraded Energy Transfer Equity LP unit from a neutral rating to a buy rating and a target of $ 17.00 on the shares set in a research report on Thursday, May 17. Finally, Robert W. Baird repeated a buy-rating and published a price target of $ 19.00 on Energy Unit Unit shares in a research report on Friday, April 6. One investment analyst has rated the shares with a sell rating, two have a hold rating and twelve have assigned a buy-rating to the company. The stock currently has a consensus from Buy and a consensus target price of $ 20.67.
ETE exchanged $ 0.13 on Wednesday and reached $ 18.28. The company had a trading volume of 2,886,842 shares, compared with the average volume of 7,859,663. Energy Transfer Equity LP unit has a 1-year low of $ 12.80 and a 1-year high of $ 19.34. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.76 and a current ratio of 0.99. The company has a market capitalization of $ 21.15 billion, a P / E ratio of 15.11 and a beta of 1.90.
Energy Transfer Equity LP Unit (NYSE: ETE) published its results for the last time on Wednesday 8 August. The pipeline company reported $ 0.31 per share this quarter, while analysts' consensus estimates were down $ 0.46 with ($ 0.15). The company had sales of $ 14.12 billion during the quarter compared with analysts' estimates of $ 12.63 billion. Energy Transfer Equity LP Unit had a net margin of 2.60% and a return on equity of 5.50%. The company's turnover increased by 49.8% this quarter compared to the same quarter last year. In the same quarter of the previous year, the company recorded $ 0.18 per share. analysts expect the LP unit Energy Transfer Equity to publish 2.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid out on Monday, August 20. Stockholders on Monday, August 6 received a dividend of $ 0.305 per share. This corresponds to an annual dividend of $ 1.22 and a dividend yield of 6.67%. The ex-dividend date of this dividend was Friday, August 3. Energy Transfer Equity The payout ratio of LP Unit is currently 100.83%.
Hedge funds have recently changed their positions in the company. Winslow Evans & Crocker Inc. increased its shareholding in the Energy Transfer Equity LP unit by 78.9% in the second quarter. Winslow Evans & Crocker Inc. now holds 6,800 shares of the pipeline business share with a value of $ 120,000 after the acquisition of an additional 3,000 shares during the period. Jennison Associates LLC increased its stake in Energy Transfer Equity LP Unit shares by 11.2% during the second quarter. Jennison Associates LLC now owns 1,377,559 shares of the pipeline business share with a value of $ 23,763,000 after the acquisition of 138,415 additional shares during the period. Allianz Asset Management GmbH acquired a new position in shares of Energy Transfer Equity LP Unit worth $ 503,000 during the first quarter. Alps Advisors Inc. has reduced its stake in Energy Transfer Equity LP Unit shares by 11.8% during the second quarter. Alps Advisors Inc. now owns 381,368 shares of the pipeline business share of $ 6,582,000 after the acquisition of an additional 40,104 shares during the period. Finally, Beach Investment Counsel Inc. has PA increased its shareholding in the Energy Transfer Equity LP unit by 19.2% in the second quarter. Beach Investment Counsel Inc. PA now holds 1,369,089 shares of the pipeline business share with a value of $ 23,617,000 after acquiring another 220,664 shares during the period. Institutional investors own 44.29% of the company's shares.
Energy Transfer Equity LP Unit Company profile
Energy Transfer Equity, L.P. offers diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of pipelines for natural gas transmission and three natural gas storage facilities in Texas; and approximately 11 800 miles of interstate natural gas pipelines.
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