Energy Transfer Equity, L.P. (ETE) Expected to Post Earnings of $0.25 Per Share

Equities research analysts expect Energy Transfer Equity, L.P. (NYSE:ETE) to post earnings of $0.25 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Energy Transfer Equity, L.P.’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.18. Energy Transfer Equity, L.P. reported earnings of $0.23 per share in the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The firm is expected to announce its next earnings report on Wednesday, August 2nd.

On average, analysts expect that Energy Transfer Equity, L.P. will report full-year earnings of $1.04 per share for the current fiscal year, with EPS estimates ranging from $0.66 to $1.74. For the next year, analysts forecast that the business will post earnings of $1.58 per share, with EPS estimates ranging from $1.18 to $2.38. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Energy Transfer Equity, L.P..

A number of brokerages have commented on ETE. Sanford C. Bernstein began coverage on shares of Energy Transfer Equity, L.P. in a research report on Tuesday, May 16th. They set a “market perform” rating on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $22.00 price target on shares of Energy Transfer Equity, L.P. in a research report on Tuesday, May 23rd. BMO Capital Markets reiterated a “hold” rating and set a $19.00 price target on shares of Energy Transfer Equity, L.P. in a research report on Monday, April 17th. US Capital Advisors reiterated a “hold” rating on shares of Energy Transfer Equity, L.P. in a research report on Friday, April 7th. Finally, BidaskClub upgraded shares of Energy Transfer Equity, L.P. from a “sell” rating to a “hold” rating in a research report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.72.

A number of institutional investors have recently made changes to their positions in the stock. Morgan Stanley raised its position in shares of Energy Transfer Equity, L.P. by 1.1% in the first quarter. Morgan Stanley now owns 48,923,092 shares of the pipeline company’s stock valued at $965,253,000 after buying an additional 529,737 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of Energy Transfer Equity, L.P. by 4.3% in the first quarter. OppenheimerFunds Inc. now owns 27,097,302 shares of the pipeline company’s stock valued at $534,629,000 after buying an additional 1,112,663 shares in the last quarter. Bank of Montreal Can raised its position in shares of Energy Transfer Equity, L.P. by 35.9% in the second quarter. Bank of Montreal Can now owns 23,022,988 shares of the pipeline company’s stock valued at $413,493,000 after buying an additional 6,078,618 shares in the last quarter. Chickasaw Capital Management LLC raised its position in shares of Energy Transfer Equity, L.P. by 3.6% in the first quarter. Chickasaw Capital Management LLC now owns 22,332,038 shares of the pipeline company’s stock valued at $440,611,000 after buying an additional 771,635 shares in the last quarter. Finally, Atlantic Trust Group LLC raised its position in shares of Energy Transfer Equity, L.P. by 16.6% in the first quarter. Atlantic Trust Group LLC now owns 13,317,451 shares of the pipeline company’s stock valued at $262,753,000 after buying an additional 1,892,220 shares in the last quarter. 51.31% of the stock is owned by institutional investors and hedge funds.

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Energy Transfer Equity, L.P. (NYSE:ETE) traded up 0.22% during midday trading on Monday, reaching $18.04. 5,422,881 shares of the company traded hands. Energy Transfer Equity, L.P. has a one year low of $13.77 and a one year high of $20.05. The company has a market capitalization of $19.47 billion, a price-to-earnings ratio of 21.66 and a beta of 1.91. The stock’s 50 day moving average is $17.01 and its 200 day moving average is $18.27.

About Energy Transfer Equity, L.P.

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.

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Earnings History and Estimates for Energy Transfer Equity, L.P. (NYSE:ETE)

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