Energy Transfer Equity (NYSE:ETE) Has Been Upgraded Today by BofA Merrill to a Buy

May 17, 2018 - By Ann Prendergast

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.

3,508 are owned by Ftb Advsr. Interocean Cap Lc accumulated 21,000 shares or 0.05% of the stock. 620,000 were accumulated by Cv Starr. Whetstone Cap Advsrs Ltd Liability Corporation holds 12.33% or 1.60 million shares in its portfolio. Waters Parkerson Limited Com holds 15,000 shares or 0.02% of its portfolio. Bankshares Of Ny Mellon Corp, a New York-based fund reported 130,380 shares. Heronetta Mgmt Limited Partnership holds 6.38% or 691,180 shares. Duff And Phelps Investment holds 0.19% or 775,232 shares. Private Advisor Group Limited Liability Com reported 0.05% stake. Silvercrest Asset Management Lc holds 27,654 shares. Management Ltd Limited Liability Company owns 273,770 shares for 0.37% of their portfolio. Rockefeller Serv has 646 shares. C V Starr & Company has invested 9.62% in Energy Transfer Equity, L.P. (NYSE:ETE). Comerica Securities holds 10,960 shares. Green Square Ltd owns 11,320 shares.

Energy Transfer Equity (NYSE:ETE) Stock Upgrade

In a research note sent to investors and clients today, BofA Merrill raised shares of Energy Transfer Equity (NYSE:ETE) to a solid Buy rating from their previous Neutral rating.

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

Among 5 analysts covering Energy Transfer Equity (NYSE:ETE), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Energy Transfer Equity has $23 highest and $17 lowest target. $20.20’s average target is 19.31% above currents $16.93 stock price. Energy Transfer Equity had 6 analyst reports since January 5, 2018 according to SRatingsIntel. Robert W. Baird maintained it with “Buy” rating and $22.0 target in Tuesday, February 27 report. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) earned “Buy” rating by Robert W. Baird on Friday, April 6. Mizuho maintained Energy Transfer Equity, L.P. (NYSE:ETE) rating on Wednesday, April 11. Mizuho has “Buy” rating and $2000 target. Bank of America maintained it with “Neutral” rating and $17 target in Tuesday, March 27 report. RBC Capital Markets maintained Energy Transfer Equity, L.P. (NYSE:ETE) on Tuesday, January 16 with “Buy” rating.

The stock increased 1.44% or $0.24 during the last trading session, reaching $16.93. About 4.26 million shares traded. Energy Transfer Equity, L.P. (NYSE: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 $497.39M 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 $18.31 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 20.47 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: Seekingalpha.com which released: “Energy Transfer Ups Permian Bet” on May 14, 2018, also Investorplace.com with their article: “5 MLPs That Should Crush the Market in 2018” published on May 17, 2018, Streetinsider.com published: “Energy Transfer Equity (ETE) Says Delaware Court Ruled in Favor of Convertible Preferred Units Issuance” on May 17, 2018. More interesting news about Energy Transfer Equity, L.P. (NYSE:ETE) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” published on May 17, 2018 as well as Foxbusiness.com‘s news article titled: “Energy Transfer Equity LP Provides a Glimpse at What’s Going on Behind the Scenes” with publication date: May 16, 2018.

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

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