Media coverage about Energy Transfer Equity (NYSE:ETE) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Energy Transfer Equity earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media coverage about the pipeline company an impact score of 46.5495268896235 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern’s analysis:
Energy Transfer Equity (NYSE:ETE) traded down $0.23 during trading on Tuesday, reaching $16.77. The company had a trading volume of 633,813 shares, compared to its average volume of 5,884,067. The company has a market capitalization of $18,350.00, a PE ratio of 16.28 and a beta of 1.81. Energy Transfer Equity has a fifty-two week low of $15.03 and a fifty-two week high of $19.85. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.11 and a current ratio of 1.36.
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 firm had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $16.25 billion. Energy Transfer Equity had a net margin of 2.29% and a return on equity of 3.84%. Energy Transfer Equity’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 EPS. research analysts predict that Energy Transfer Equity will post 0.99 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Thursday, February 8th will be paid a $0.305 dividend. This is a positive change from Energy Transfer Equity’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $1.22 annualized dividend and a yield of 7.27%. Energy Transfer Equity’s dividend payout ratio is presently 113.46%.
A number of research analysts recently commented on ETE shares. Goldman Sachs Group upgraded Energy Transfer Equity from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, October 17th. Wolfe Research upgraded Energy Transfer Equity from a “market perform” rating to an “outperform” rating in a research note on Monday, December 18th. Robert W. Baird reiterated a “buy” rating and issued a $24.00 price target on shares of Energy Transfer Equity in a research report on Friday, October 27th. Zacks Investment Research cut Energy Transfer Equity from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Finally, Credit Suisse Group started coverage on Energy Transfer Equity in a research report on Thursday, January 4th. They issued an “outperform” rating and a $23.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $21.78.
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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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