Headlines about Energy Transfer Equity, L.P. (NYSE:ETE) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Energy Transfer Equity, L.P. earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the pipeline company an impact score of 46.1987798788513 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Energy Transfer Equity, L.P. (ETE) Rating Lowered to Strong Sell at BidaskClub (americanbankingnews.com)
- Energy Transfer Equity, L.P. (ETE) Given a $19.00 Price Target at BMO Capital Markets (americanbankingnews.com)
- Energy Transfer Equity, LP En (NYSE:ETE) Experiences Lighter than Usual Trading Volume - Modern Readers (modernreaders.com)
- DCP Midstream Partners, (DCP) and Energy Transfer Equity, L.P. (ETE) Financial Review (americanbankingnews.com)
- Energy Transfer Equity, LP En (NYSE:ETE) Sees Light Trading Volume with 3490K Shares Changing Hands - Modern Readers (modernreaders.com)
Several research firms have weighed in on ETE. Stifel Nicolaus began coverage on Energy Transfer Equity, L.P. in a research note on Thursday, July 13th. They set a “buy” rating and a $20.00 target price for the company. BidaskClub cut Energy Transfer Equity, L.P. from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. ValuEngine cut Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Deutsche Bank AG cut their target price on Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, June 21st. Finally, BMO Capital Markets set a $19.00 target price on Energy Transfer Equity, L.P. and gave the stock a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.77.
Shares of Energy Transfer Equity, L.P. (ETE) traded down 0.48% on Friday, hitting $16.67. The stock had a trading volume of 2,904,452 shares. Energy Transfer Equity, L.P. has a 1-year low of $13.77 and a 1-year high of $20.05. The firm has a 50-day moving average of $17.62 and a 200 day moving average of $18.08. The company has a market capitalization of $17.99 billion, a PE ratio of 21.02 and a beta of 1.90.
Energy Transfer Equity, L.P. (NYSE:ETE) last posted its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.07. Energy Transfer Equity, L.P. had a return on equity of 3.79% and a net margin of 2.18%. The company had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $11.41 billion. During the same period in the prior year, the firm posted $0.23 earnings per share. The business’s revenue was up 20.5% on a year-over-year basis. On average, equities analysts anticipate that Energy Transfer Equity, L.P. will post $1.18 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date is Thursday, August 3rd. Energy Transfer Equity, L.P.’s dividend payout ratio is currently 144.31%.
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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.
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