Energy Transfer Equity LP Unit (ETE) to Post Q3 2018 Earnings of $0.58 Per Share, Jefferies Financial Group Forecasts

Energy Transfer Equity LP Unit (NYSE:ETE) – Equities research analysts at Jefferies Financial Group issued their Q3 2018 earnings per share estimates for Energy Transfer Equity LP Unit in a report released on Tuesday, October 16th. Jefferies Financial Group analyst C. Sighinolfi expects that the pipeline company will post earnings of $0.58 per share for the quarter. Jefferies Financial Group also issued estimates for Energy Transfer Equity LP Unit’s Q4 2018 earnings at $0.41 EPS, Q1 2019 earnings at $0.39 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.43 EPS, FY2019 earnings at $1.64 EPS, FY2020 earnings at $1.70 EPS, FY2021 earnings at $1.75 EPS and FY2022 earnings at $1.82 EPS.

ETE has been the subject of a number of other reports. Zacks Investment Research raised Energy Transfer Equity LP Unit from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, July 24th. Goldman Sachs Group started coverage on Energy Transfer Equity LP Unit in a report on Monday, October 8th. They set a “buy” rating and a $23.00 target price for the company. Credit Suisse Group started coverage on Energy Transfer Equity LP Unit in a report on Thursday, October 11th. They set an “outperform” rating and a $23.00 target price for the company. Morgan Stanley raised their target price on Energy Transfer Equity LP Unit from $19.00 to $21.00 and gave the company a “buy” rating in a report on Friday, August 3rd. Finally, ValuEngine cut Energy Transfer Equity LP Unit from a “hold” rating to a “sell” rating in a report on Thursday, June 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $20.91.

Shares of NYSE:ETE opened at $16.82 on Thursday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.99 and a quick ratio of 0.76. The stock has a market cap of $19.78 billion, a P/E ratio of 13.90 and a beta of 1.91. Energy Transfer Equity LP Unit has a 12-month low of $12.80 and a 12-month high of $19.34.

Energy Transfer Equity LP Unit (NYSE:ETE) last issued its quarterly earnings data on Wednesday, August 8th. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.15). The business had revenue of $14.12 billion for the quarter, compared to analyst estimates of $12.63 billion. Energy Transfer Equity LP Unit had a return on equity of 5.50% and a net margin of 2.60%. The firm’s revenue for the quarter was up 49.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 earnings per share.

Institutional investors and hedge funds have recently made changes to their positions in the company. Chessman Wealth Strategies RIA purchased a new position in shares of Energy Transfer Equity LP Unit in the 3rd quarter valued at about $111,000. Winslow Evans & Crocker Inc. boosted its stake in shares of Energy Transfer Equity LP Unit by 78.9% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 6,800 shares of the pipeline company’s stock valued at $120,000 after buying an additional 3,000 shares during the period. Bridgeworth LLC purchased a new position in shares of Energy Transfer Equity LP Unit in the 2nd quarter valued at about $138,000. Wealth Alliance Advisory Group LLC purchased a new position in shares of Energy Transfer Equity LP Unit in the 1st quarter valued at about $156,000. Finally, Centaurus Financial Inc. purchased a new position in shares of Energy Transfer Equity LP Unit in the 2nd quarter valued at about $171,000. Institutional investors and hedge funds own 44.40% of the company’s stock.

In other news, Director Richard D. Brannon bought 25,000 shares of the stock in a transaction that occurred on Thursday, September 6th. The stock was bought at an average cost of $17.53 per share, for a total transaction of $438,250.00. Following the acquisition, the director now directly owns 57,619 shares of the company’s stock, valued at approximately $1,010,061.07. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard D. Brannon bought 100,000 shares of the stock in a transaction that occurred on Tuesday, September 11th. The shares were purchased at an average price of $17.68 per share, with a total value of $1,768,000.00. Following the completion of the acquisition, the director now directly owns 92,619 shares in the company, valued at $1,637,503.92. The disclosure for this purchase can be found here. Company insiders own 3.28% of the company’s stock.

About Energy Transfer Equity LP Unit

Energy Transfer Equity, L.P. provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines.

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Earnings History and Estimates for Energy Transfer Equity LP Unit (NYSE:ETE)

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