Economy

Energy Transfer Equity, Earns "Buy" Recommendation at Royal Bank Of Canada

Royal Bank Of Canada now has a $28.00 price target on the pipeline company's stock.

A number of research firms have recently commented on ETE. Advisory Services Network LLC bought a new stake in shares of Energy Transfer Equity, L.P. during the first quarter valued at approximately $163,000. Wolfe Research reiterated a market perform rating on shares of Energy Transfer Equity, L.P.in a research note on Friday, May 12th. The stock of Bank of America Corp (NYSE:BAC) earned "Market Perform" rating by Wood on Monday, May 16.

Other equities research analysts have also issued reports about the company. The company has a consensus rating of Buy and a consensus target price of $20.68. Jennison Associate Ltd Limited Liability Company holds 409,582 shares or 0.02% of its portfolio. Highland Capital Mgmt Ltd Partnership has 1.17% invested in Energy Transfer Partners LP (NYSE:ETP).

Shares last traded at $17.76 which is marginally higher than $17.33, the 50 day moving average and which is just a bit below the 200 day moving average of $17.88. On Thursday, September 7 the stock rating was maintained by Cowen & Co with "Hold". The value of the investment in (ETE) went from $8,795,000 to $8,355,000 a change of $440,000 quarter over quarter. The firm had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $11.41 billion. The company's quarterly revenue was up 20.5% compared to the same quarter previous year. Next quarter's EPS is forecasted at $0.35 with next year's EPS projected to be $1.96. As of the latest earnings report the EPS was $0.79 and is estimated to be $1.30 for the current year with 1,079,185,000 shares now outstanding.

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Other hedge funds have also recently made changes to their positions in the company. Investors with a record date on early Mon, Aug 7th was issued a $0.285 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 11.69%. The firm has "Overweight" rating given on Thursday, August 4 by Barclays Capital.

Analysts expect Bank of America Corp (NYSE:BAC) to report $0.47 EPS on October, 13 before the open.They anticipate $0.06 EPS change or 14.63% from last quarter's $0.41 EPS. Energy Transfer Equity, L.P.'s dividend payout ratio is presently 111.77%. Adell Harriman & Carpenter Inc accumulated 37,598 shares or 0% of the stock. Metropolitan Life Ins Company Ny holds 441,836 shares. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Causeway Llc holds 3.87 million shares or 1.9% of its portfolio. The stock now has a consensus recommendation of Buy and an average price objective of $20.68. As per Wednesday, January 6, the company rating was maintained by Stifel Nicolaus. In the last ninety days, insiders acquired 2,012,000 shares of company stock valued at $39,205,380.

The consensus recommendation - averaging the work of 24 analysts - of 2.3 for Plains All American Pipeline, L.P. (PAA) points to moderate case. Firm has a $22.00 PT on the pipeline firms shares. Energy Transfer Equity, L.P.'s dividend payout ratio (DPR) is now 144.31%. 3,469,322 stocks of the company were exchanged. the share has a company valuation of $19.16 B, a price to earnings ratio of 22.38 along with a stock beta of 1.90. Energy Transfer Equity, L.P. JPMorgan Chase & Co. grew its stake in Energy Transfer Partners by 95.5% during the 2nd quarter. Bank of New York Mellon has an ownership of 311,102 stocks of the pipeline firms shares valued at $6,138,000 following purchasing an extra 158,876 shares through out the quarter. Finally, Integrated Wealth Management raised its position in Energy Transfer Equity, L.P.by 6.7% in the second quarter. Center Coast Capital Advisors LP now owns 14,375,138 shares of the pipeline company's stock valued at $293,109,000 after acquiring an additional 10,280,243 shares in the last quarter.

The stock of Energy Transfer Equity LP (NYSE:ETE) registered a decrease of 0.66% in short interest. The Company's segments include Crude Oil, Natural Gas Liquids and Refined Products.



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