Energy Transfer Equity (ETE) Share Price May Be About to Change Direction; BofA Merrill Upgrades The Company.

May 17, 2018 - By Margaret Downey

Investors sentiment decreased to 0.76 in Q4 2017. Its down 0.12, from 0.88 in 2017Q3. It dropped, as 28 investors sold Energy Transfer Equity, L.P. shares while 111 reduced holdings. 38 funds opened positions while 67 raised stakes. 492.05 million shares or 6.77% less from 527.77 million shares in 2017Q3 were reported.

Plante Moran Fin Advsr Ltd Liability Co owns 4,800 shares or 0.05% of their US portfolio. Bamco New York holds 0.01% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE) for 84,800 shares. Tnb Financial stated it has 10,300 shares. Fmr Ltd Liability invested 0% in Energy Transfer Equity, L.P. (NYSE:ETE). Edgewood Ltd Liability Com reported 14,584 shares. Sg Americas Securities Limited Liability Com, New York-based fund reported 11,040 shares. Evergreen Cap Mngmt Ltd Llc accumulated 0.13% or 76,175 shares. Security Tru invested in 0.07% or 12,000 shares. Van Eck Associates accumulated 56,964 shares. Silvercrest Asset Mgmt Gru Lc owns 27,654 shares. Parkwood Ltd Liability Corp reported 35,970 shares stake. Suntrust Banks invested in 15,258 shares. Css Il has 35,800 shares. Gilman Hill Asset Mgmt Limited Co has 11,625 shares. Wetherby Asset Management stated it has 14,400 shares or 0.03% of all its holdings.

Energy Transfer Equity (ETE) Stock Upgrade

In a report sent to clients and investors on Thursday morning, BofA Merrill raised shares of Energy Transfer Equity (ETE) to a solid “Buy” rating from their previous “Neutral” rating.

The stock increased 1.38% or $0.23 during the last trading session, reaching $16.92. About 4.76 million shares traded. Energy Transfer Equity, L.P. (ETE) has declined 22.45% since May 17, 2017 and is downtrending. It has underperformed by 34.00% the S&P500.

Analysts await Energy Transfer Equity, L.P. (NYSE:ETE) to report earnings on August, 14. They expect $0.46 EPS, up 155.56 % or $0.28 from last year’s $0.18 per share. ETE’s profit will be $497.41M for 9.20 P/E if the $0.46 EPS becomes a reality. After $0.42 actual EPS reported by Energy Transfer Equity, L.P. for the previous quarter, Wall Street now forecasts 9.52 % EPS growth.

Energy Transfer Equity, L.P. provides diversified energy-related services in the United States. The company has market cap of $18.30 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 20.46 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 notable recent Energy Transfer Equity, L.P. (NYSE:ETE) news were published by: Investorplace.com which released: “5 MLPs That Should Crush the Market in 2018” on May 17, 2018, also Foxbusiness.com with their article: “Energy Transfer Equity LP Provides a Glimpse at What’s Going on Behind the Scenes” published on May 16, 2018, Streetinsider.com published: “Appaloosa 13F Shows New Stake in Wells Fargo (WFC) and Lam Research (LRCX), Increase in Micron (MU) MGM …” on May 15, 2018. More interesting news about Energy Transfer Equity, L.P. (NYSE:ETE) were released by: Seekingalpha.com and their article: “Highlights from Appaloosa’s Q1” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “Energy Transfer Ups Permian Bet” with publication date: May 14, 2018.

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

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