Breaking: Energy Transfer Equity (NYSE:ETE) Buy Rating Reiterated by Analysts at Stifel Today; The Price Objective is $21

August 10, 2018 - By Eugene Smith

Investors sentiment increased to 0.92 in 2018 Q1. Its up 0.16, from 0.76 in 2017Q4. It increased, as 30 investors sold Energy Transfer Equity, L.P. shares while 93 reduced holdings. 28 funds opened positions while 85 raised stakes. 477.05 million shares or 3.05% less from 492.05 million shares in 2017Q4 were reported.

Bamco reported 0.01% in Energy Transfer Equity, L.P. (NYSE:ETE). Cohen Mgmt Inc has invested 0.31% in Energy Transfer Equity, L.P. (NYSE:ETE). Roanoke Asset Mgmt Corp reported 14,000 shares. Tru Of Vermont reported 15,850 shares. Van Eck Associate reported 51,378 shares. Weiss Multi has 0.17% invested in Energy Transfer Equity, L.P. (NYSE:ETE). Valley Natl Advisers Inc invested in 3,773 shares or 0.02% of the stock. Jump Trading Lc accumulated 11,141 shares. 102,997 were accumulated by Jane Street Group Limited Liability Com. Hilton Ltd Liability Com has invested 0.06% in Energy Transfer Equity, L.P. (NYSE:ETE). Obermeyer Wood Inv Counsel Lllp, Colorado-based fund reported 360,524 shares. Morgan Stanley owns 16.67 million shares for 0.07% of their portfolio. Moreover, Citigroup Inc has 0.36% invested in Energy Transfer Equity, L.P. (NYSE:ETE). Brown Advisory holds 0% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE) for 20,290 shares. Royal Fincl Bank Of Canada reported 0% in Energy Transfer Equity, L.P. (NYSE:ETE).

Energy Transfer Equity (NYSE:ETE) Rating Reaffirmed

Stifel now has a $21 target price per share on the $21.01 billion market cap company or 15.96 % upside potential. In analysts note revealed to clients and investors on Friday morning, Energy Transfer Equity (NYSE:ETE) shares have had their Buy Rating kept by equity research analysts at Stifel.

Energy Transfer Equity, L.P. (NYSE:ETE) Ratings Coverage

Among 5 analysts covering Energy Transfer Eq (NYSE:ETE), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Energy Transfer Eq has $23 highest and $17 lowest target. $20’s average target is 10.44% above currents $18.11 stock price. Energy Transfer Eq had 7 analyst reports since February 27, 2018 according to SRatingsIntel. The firm has “Overweight” rating by Morgan Stanley given on Friday, August 3. The firm earned “Buy” rating on Wednesday, April 11 by Mizuho. The firm has “Overweight” rating given on Thursday, August 2 by Stephens. Robert W. Baird maintained Energy Transfer Equity, L.P. (NYSE:ETE) rating on Friday, April 6. Robert W. Baird has “Buy” rating and $1900 target. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) has “Buy” rating given on Thursday, May 17 by Bank of America. Robert W. Baird maintained it with “Buy” rating and $22.0 target in Tuesday, February 27 report. The firm earned “Neutral” rating on Tuesday, March 27 by Bank of America.

The stock decreased 0.93% or $0.17 during the last trading session, reaching $18.11. About 8.03M shares traded or 93.73% up from the average. Energy Transfer Equity, L.P. (NYSE:ETE) has declined 8.62% since August 10, 2017 and is downtrending. It has underperformed by 21.19% the S&P500.

Energy Transfer Equity, L.P. provides diversified energy-related services in the United States. The company has market cap of $21.01 billion. 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. It has a 19.43 P/E ratio. The firm sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

More important recent Energy Transfer Equity, L.P. (NYSE:ETE) news were published by: Seekingalpha.com which released: “According To ETP CEO, Running Pipelines Is Easy” on August 05, 2018, also Fool.com published article titled: “Energy Transfer Equity LP’s Expansion Efforts Paid Big Dividends in Q2”, Seekingalpha.com published: “Energy Transfer Equity to acquire Energy Transfer Partners” on August 01, 2018. More interesting news about Energy Transfer Equity, L.P. (NYSE:ETE) was released by: Fool.com and their article: “3 Things Energy Transfer Equity Management Wants You to Know About What’s in the Pipeline” with publication date: August 10, 2018.

Energy Transfer Equity, L.P. (NYSE:ETE) Institutional Positions Chart

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