Finally Time To Raise Your Stake? Bank of America Upgrades Energy Transfer Equity (NYSE:ETE) Shares

May 17, 2018 - By Robert Crowder

Investors sentiment decreased to 0.76 in 2017 Q4. Its down 0.12, from 0.88 in 2017Q3. It turned negative, 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.

Carroll Fincl Assoc has invested 0.02% in Energy Transfer Equity, L.P. (NYSE:ETE). Columbus Hill Lp owns 57,890 shares for 0.06% of their portfolio. The Tennessee-based Green Square Capital Ltd has invested 0.03% in Energy Transfer Equity, L.P. (NYSE:ETE). Tci Wealth Advisors Incorporated invested in 3,000 shares or 0.02% of the stock. New England Private Wealth Advsr Limited Company reported 16,000 shares. Peak6 L P invested in 55,151 shares. 3.04 million were reported by Credit Suisse Ag. Ftb Advsr has invested 0.01% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE). 7.16M were accumulated by Cushing Asset Mgmt L P. L S stated it has 0.05% in Energy Transfer Equity, L.P. (NYSE:ETE). Allsquare Wealth Ltd invested in 8,000 shares or 0.11% of the stock. The Pennsylvania-based Commonwealth Of Pennsylvania School Empls Retrmt has invested 2.72% in Energy Transfer Equity, L.P. (NYSE:ETE). Bokf Na holds 0.03% or 70,228 shares. Bnp Paribas Arbitrage Sa has 32 shares. C V Starr & holds 110,230 shares.

Energy Transfer Equity (NYSE:ETE) Stock Upgrade

Bank of America has upgraded shares of Energy Transfer Equity (NYSE:ETE) stock to a “Buy” in a note revealed to clients today. ETE’s past rating was only a “Neutral”.

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 19.39% above currents $16.92 stock price. Energy Transfer Equity had 6 analyst reports since January 5, 2018 according to SRatingsIntel. Bank of America maintained Energy Transfer Equity, L.P. (NYSE:ETE) rating on Tuesday, March 27. Bank of America has “Neutral” rating and $17 target. The firm has “Buy” rating given on Friday, April 6 by Robert W. Baird. The stock has “Buy” rating by Mizuho on Wednesday, April 11. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, January 16. On Tuesday, February 27 the stock rating was maintained by Robert W. Baird with “Buy”.

The stock increased 1.38% or $0.23 during the last trading session, reaching $16.92. About 4.76M shares traded. Energy Transfer Equity, L.P. (NYSE:ETE) has declined 22.45% since May 18, 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 earnings per share, 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 earnings per share 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: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” on May 17, 2018, also Streetinsider.com with their article: “Appaloosa 13F Shows New Stake in Wells Fargo (WFC) and Lam Research (LRCX), Increase in Micron (MU) MGM …” published on May 15, 2018, Investorplace.com published: “5 MLPs That Should Crush the Market in 2018” on May 17, 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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