Energy Transfer Equity, L.P. (NYSE:ETE) Coverage Initiated at Stifel Nicolaus

Research analysts at Stifel Nicolaus began coverage on shares of Energy Transfer Equity, L.P. (NYSE:ETE) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating and a $20.00 price target on the pipeline company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 10.86% from the company’s current price.

ETE has been the topic of several other research reports. Royal Bank Of Canada reissued a “buy” rating and set a $22.00 price target on shares of Energy Transfer Equity, L.P. in a research report on Friday, March 17th. Sanford C. Bernstein upgraded shares of Energy Transfer Equity, L.P. from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $19.00 to $23.00 in a research note on Wednesday, May 10th. BidaskClub upgraded shares of Energy Transfer Equity, L.P. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Zacks Investment Research lowered shares of Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Finally, ValuEngine downgraded Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Energy Transfer Equity, L.P. has a consensus rating of “Buy” and an average price target of $20.72.

Energy Transfer Equity, L.P. (NYSE ETE) traded up 0.17% during midday trading on Thursday, reaching $18.07. 381,031 shares of the company were exchanged. The firm’s 50 day moving average price is $17.19 and its 200-day moving average price is $18.33. The stock has a market capitalization of $19.50 billion, a P/E ratio of 21.69 and a beta of 1.91. Energy Transfer Equity, L.P. has a 52 week low of $13.77 and a 52 week high of $20.05.

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A number of large investors have recently bought and sold shares of ETE. Chevy Chase Trust Holdings Inc. increased its stake in Energy Transfer Equity, L.P. by 0.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 64,499 shares of the pipeline company’s stock valued at $1,273,000 after buying an additional 183 shares in the last quarter. Raymond James Trust N.A. increased its stake in Energy Transfer Equity, L.P. by 28.7% in the first quarter. Raymond James Trust N.A. now owns 18,960 shares of the pipeline company’s stock valued at $374,000 after buying an additional 4,228 shares in the last quarter. Creative Planning increased its stake in Energy Transfer Equity, L.P. by 17.5% in the first quarter. Creative Planning now owns 120,479 shares of the pipeline company’s stock valued at $2,377,000 after buying an additional 17,950 shares in the last quarter. TNB Financial acquired a new stake in Energy Transfer Equity, L.P. during the first quarter valued at about $203,000. Finally, Private Trust Co. NA increased its stake in Energy Transfer Equity, L.P. by 4.6% in the first quarter. Private Trust Co. NA now owns 11,555 shares of the pipeline company’s stock valued at $227,000 after buying an additional 510 shares in the last quarter. Institutional investors own 51.31% of the company’s stock.

About Energy Transfer Equity, L.P.

Energy Transfer Equity, L.P. (ETE) owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services. The Company’s segments include Investment in ETP, including the consolidated operations of ETP; Investment in Sunoco LP, including the consolidated operations of Sunoco LP; Investment in Lake Charles LNG, including the operations of Lake Charles LNG, and Corporate and Other.

Analyst Recommendations for Energy Transfer Equity, L.P. (NYSE:ETE)

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