November 29, 2016 - By Marguerite Chambers · 0 Comments
Energy Transfer Equity LP (NYSE:ETE) institutional sentiment increased to 0.95 in Q2 2016. Its up 0.28, from 0.67 in 2016Q1. The ratio is positive, as 109 investment professionals increased and opened new holdings, while 163 decreased and sold equity positions in Energy Transfer Equity LP. The investment professionals in our partner’s database now hold: 419.54 million shares, down from 460.95 million shares in 2016Q1. Also, the number of investment professionals holding Energy Transfer Equity LP in their top 10 holdings increased from 7 to 15 for an increase of 8. Sold All: 52 Reduced: 111 Increased: 71 New Position: 38.
Energy Transfer Equity, L.P. directly and indirectly owns equity interests in Energy Transfer Partners, L.P. (ETP) and SUN LP, which are engaged in diversified energy-related services. The company has a market cap of $16.96 billion. The Company, through its family of companies, owns and operates over 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines. It has a 16.3 P/E ratio. The Company’s divisions include Investment in ETP, including the consolidated activities of ETP; Investment in Sunoco LP, including the consolidated activities of Sunoco LP; Investment in Lake Charles LNG, including the activities of Lake Charles LNG, and Corporate and Other.
The stock decreased 4.97% or $0.86 during the last trading session, hitting $16.44. Energy Transfer Equity LP (NYSE:ETE) has risen 39.44% since April 26, 2016 and is uptrending. It has outperformed by 34.18% the S&P500.
Analysts await Energy Transfer Equity LP (NYSE:ETE) to report earnings on February, 22. They expect $0.25 EPS, down 59.68% or $0.37 from last year’s $0.62 per share. ETE’s profit will be $257.91 million for 16.44 P/E if the $0.25 EPS becomes a reality. After $0.19 actual EPS reported by Energy Transfer Equity LP for the previous quarter, Wall Street now forecasts 31.58% EPS growth.
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.”
Walnut Private Equity Partners Llc holds 18.9% of its portfolio in Energy Transfer Equity LP for 1.41 million shares. Whetstone Capital Advisors Llc owns 1.75 million shares or 14.78% of their US portfolio. Moreover, Yorkville Capital Management Llc has 8.6% invested in the company for 562,180 shares. The New York-based C V Starr & Co Inc has invested 7.68% in the stock. Chickasaw Capital Management Llc, a Tennessee-based fund reported 15.72 million shares.#img1#
Ratings analysis reveals 80% of Energy Transfer Equity LP’s analysts are positive. Out of 10 Wall Street analysts rating Energy Transfer Equity LP, 8 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $7 while the high is $23.0. The stock’s average target of $18.43 is 12.10% above today’s ($16.44) share price. ETE was included in 15 notes of analysts from October 27, 2015. As per Monday, September 26, the company rating was upgraded by Robert W. Baird. Stephens initiated the stock with “Equal-Weight” rating in Thursday, September 29 report. The firm has “Buy” rating by Mizuho given on Friday, September 30. Credit Suisse maintained Energy Transfer Equity LP (NYSE:ETE) rating on Tuesday, July 26. Credit Suisse has “Outperform” rating and $20 price target. On Monday, August 15 the stock rating was reinitiated by Morgan Stanley with “Overweight”. The company was maintained on Wednesday, June 8 by Jefferies. The firm has “Outperform” rating by Bernstein given on Tuesday, November 8. The firm has “Buy” rating by Evercore given on Tuesday, October 27. The company was downgraded on Monday, February 8 by Robert W. Baird. Jefferies initiated the shares of ETE in a report on Friday, December 18 with “Buy” rating.
Energy Transfer Equity, L.P. (ETE), incorporated on August 23, 2005, directly and indirectly owns equity interests in Energy Transfer Partners, L.P. (ETP) and SUN LP, which are engaged in diversified energy-related services. The Company, through its family of companies owns and operates approximately 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines. The Company’s divisions include Investment in ETP, including the consolidated activities of ETP; Investment in Sunoco LP, including the consolidated activities of Sunoco LP; Investment in Lake Charles LNG, including the activities of Lake Charles LNG, and Corporate and Other. The Company’s subsidiaries include ETP, Energy Transfer Partners GP, L.P. (ETP GP), Energy Transfer Partners, L.L.C. (ETP LLC), Panhandle Eastern Pipe Line Company, LP and its subsidiaries (Panhandle), Sunoco Logistics Partners L.P. (Sunoco Logistics), Sunoco LP, Lake Charles LNG Company, LLC (Lake Charles LNG) and ETP Holdco Corporation (ETP Holdco).
More recent Energy Transfer Equity LP (NYSE:ETE) news were published by: Forbes.com which released: “Is There Value In Sunoco Logistics’ Merger With Energy Transfer Partners?” on November 21, 2016. Also Wsj.com published the news titled: “·Energy Transfer Equity, Energy Transfer Partners Post Weaker Results” on November 09, 2016. Nasdaq.com‘s news article titled: “Energy Transfer Equity, L.P. (ETE) Ex-Dividend Date Scheduled for November 03 …” with publication date: November 02, 2016 was also an interesting one.
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By Marguerite Chambers