Economy

What's The Story Behind Energy Transfer Equity, LP (NYSE:ETE)

It has a 41.97 P/E ratio.

The TTM operating margin for the company stands at 4%. The stock of Energy Transfer Equity LP (NYSE:ETE) has "Hold" rating given on Tuesday, July 11 by BMO Capital Markets. The stock declined 0.16% or $0.09 reaching $56.12 on the news. About 83,432 shares traded. Interpublic Group of Companies Inc (NYSE:IPG) has risen 3.01% since October 6, 2016 and is uptrending. It has outperformed by 7.11% the S&P500.

Tortoise Capital Advisors Llc increased Wpx Energy Inc (NYSE:WPX) stake by 188,954 shares to 736,395 valued at $7.11M in 2017Q2.

Energy Transfer Equity, L.P. (NYSE:ETE) presently has a current ratio of 1.33. Kinder Morgan Inc Del (NYSE:KMI) was raised too.

The firm experienced a fall in short interest between August 31, 2017 and September 15, 2017 of -0.70%. Its down 0.27, from 1.13 in 2017Q1. It dropped, as 28 investors sold ETE shares while 97 reduced holdings. 26 funds opened positions while 82 raised stakes. Schwab Charles Inv Management Incorporated accumulated 153,739 shares.

For the current quarter, 10 analysts are projecting a mean EPS of $0.34/share. The stock is now showing its Return on Assets (ROA) value of 1.1 Percent.

Next Financial Group, Inc cut its ownership by shedding 700 shares a decrease of 57.0% in the quarter. Ironwood Invest Counsel Limited Liability Corp stated it has 0.14% in Energy Transfer Partners LP (NYSE:ETP). 2,010 were accumulated by Seabridge Invest Advsrs Ltd. Levin Strategies Limited Partnership holds 0.01% or 18,385 shares in its portfolio. Winslow Evans & Crocker reported 5,200 shares. Grassi Management holds 0.63% or 175,788 shares. Seabridge Investment Advsrs Limited owns 2,010 shares for 0.01% of their portfolio. Cv Starr And owns 620,000 shares. Brown Advisory, Maryland-based fund reported 5,725 shares. Therefore 75% are positive. Howard Hughes had 11 analyst reports since August 14, 2015 according to SRatingsIntel. A beta of less than 1 means that the security will be less volatile than the market. Citigroup has "Buy" rating and $53 target. The rating was initiated by Sandler O'Neill on Thursday, March 30 with "Hold". On Tuesday, March 22 the stock rating was maintained by Jefferies with "Buy".

Since January 1, 0001, it had 0 insider purchases, and 3 selling transactions for $4.83 million activity. About 810,213 shares traded.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -1.3%, and has a solid year to date (YTD) performance of -7.61% which means that the stock is constantly adding to its value from the previous fiscal year end price. Comparatively, Energy Transfer Equity, L.P. posted earnings of $0.43 per share in the same quarter a year ago. At the moment, the average analyst rating for ETE is Moderate Buy. The lowest target is $20.0 while the high is $20.0. After the latest session, which saw the stock close at a price of $17.84, ETE sits below its 52-week high.

Tortoise Capital Advisors Llc decreased Energy Transfer Equity LP (ETE) stake by 7.03% reported in 2017Q2 SEC filing. Riggs Asset Managment has invested 0.01% in Energy Transfer Partners LP (NYSE:ETP). The firm earned "Neutral" rating on Thursday, February 25 by Bank of America. Cullinan has 0.03% invested in Energy Transfer Partners LP (NYSE:ETP) for 16,836 shares. Walleye Trading Ltd Llc holds 0.06% or 500,082 shares in its portfolio. Moreover, C V Starr & Co Inc has 8.81% invested in the company for 110,230 shares. The California-based Cypress Funds Llc has invested 6.45% in the stock. 499.59 million shares or 4.04% more from 480.19 million shares in 2017Q1 were reported. The stock of Energy Transfer Equity LP (NYSE:ETE) has "Equal-Weight" rating given on Thursday, September 29 by Stephens. It has outperformed by 25.98% the S&P500.

Analysts await Energy Transfer Equity LP (NYSE:ETE) to report earnings on November, 8. They were forecasting US$0.27 per share three months ago. ETE's profit will be $366.97 million for 13.16 P/E if the $0.34 EPS becomes a reality. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.



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