Energy Transfer Equity LP Expected to Post Q4 2017 Earnings of $0.20 Per Share (NYSE:ETE)

Energy Transfer Equity LP (NYSE:ETE) – Research analysts at US Capital Advisors dropped their Q4 2017 earnings estimates for shares of Energy Transfer Equity in a research report issued on Thursday, according to Zacks Investment Research. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will post earnings of $0.20 per share for the quarter, down from their prior estimate of $0.21. US Capital Advisors also issued estimates for Energy Transfer Equity’s Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.29 EPS.

A number of other equities analysts have also weighed in on ETE. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 target price on shares of Energy Transfer Equity in a research report on Thursday, October 12th. BMO Capital Markets set a $19.00 target price on Energy Transfer Equity and gave the stock a “hold” rating in a research report on Thursday, October 12th. Jefferies Group reissued a “buy” rating and issued a $20.00 target price on shares of Energy Transfer Equity in a research report on Monday, October 16th. Goldman Sachs Group raised Energy Transfer Equity from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Tuesday, October 17th. Finally, Zacks Investment Research lowered Energy Transfer Equity from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $21.78.

Energy Transfer Equity (NYSE:ETE) opened at $18.03 on Friday. Energy Transfer Equity has a 52-week low of $15.03 and a 52-week high of $19.85. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.36 and a quick ratio of 1.11. The stock has a market capitalization of $19,460.00, a PE ratio of 17.34 and a beta of 1.87.

Energy Transfer Equity (NYSE:ETE) last posted its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.12). The company had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $16.25 billion. Energy Transfer Equity had a return on equity of 3.84% and a net margin of 2.29%. Energy Transfer Equity’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS.

Several institutional investors have recently added to or reduced their stakes in ETE. ING Groep NV bought a new stake in shares of Energy Transfer Equity during the 3rd quarter valued at about $189,859,000. Balyasny Asset Management LLC grew its stake in shares of Energy Transfer Equity by 321.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 8,650,000 shares of the pipeline company’s stock valued at $155,354,000 after purchasing an additional 6,595,679 shares during the period. Harvest Fund Advisors LLC grew its stake in shares of Energy Transfer Equity by 9.4% during the 3rd quarter. Harvest Fund Advisors LLC now owns 45,684,871 shares of the pipeline company’s stock valued at $794,003,000 after purchasing an additional 3,914,284 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Energy Transfer Equity by 241.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,626,626 shares of the pipeline company’s stock valued at $80,549,000 after purchasing an additional 3,270,434 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Energy Transfer Equity by 87.8% during the 2nd quarter. Wells Fargo & Company MN now owns 2,672,496 shares of the pipeline company’s stock valued at $47,998,000 after purchasing an additional 1,249,443 shares during the period. Institutional investors and hedge funds own 51.53% of the company’s stock.

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Energy Transfer Equity Company Profile

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 (NYSE:ETE)

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