Were Analysts Bullish Energy Transfer Equity, L.P. (NYSE:ETE) This Week?

May 18, 2018 - By Melody Miller

Investors sentiment decreased to 0.76 in Q4 2017. 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.
Mai Mgmt reported 0.19% stake. Mitchell Mcleod Pugh & Williams has 24,725 shares. Jane Street Grp Ltd Limited Liability Company invested in 0% or 97,214 shares. Cohen Cap Inc holds 0.33% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE) for 82,100 shares. 15,000 were accumulated by Waters Parkerson & Ltd Limited Liability Company. 18,320 were accumulated by Neville Rodie Shaw. Moreover, Franklin Inc has 0% invested in Energy Transfer Equity, L.P. (NYSE:ETE). Beach Inv Counsel Pa holds 820,937 shares. The Texas-based Sentinel Co Lba has invested 0.08% in Energy Transfer Equity, L.P. (NYSE:ETE). Walnut Private Equity Ptnrs Limited Liability has 19.79% invested in Energy Transfer Equity, L.P. (NYSE:ETE). Alliancebernstein Limited Partnership invested in 0% or 132,334 shares. 273,770 were accumulated by Cap Mngmt Llc. Susquehanna Gru Llp holds 0.01% or 824,922 shares. Silvercrest Asset Mgmt Group Ltd Liability accumulated 27,654 shares. Waddell & Reed Financial has 0.02% invested in Energy Transfer Equity, L.P. (NYSE:ETE) for 599,500 shares.

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

Among 5 analysts covering Energy Transfer Equity (NYSE:ETE), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Energy Transfer Equity had 7 analyst reports since January 5, 2018 according to SRatingsIntel. The company was maintained on Tuesday, February 27 by Robert W. Baird. The company was upgraded on Thursday, May 17 by Bank of America. Bank of America maintained the stock with “Neutral” rating in Tuesday, March 27 report. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) earned “Buy” rating by RBC Capital Markets on Tuesday, January 16. Robert W. Baird maintained the stock with “Buy” rating in Friday, April 6 report. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) has “Buy” rating given on Wednesday, April 11 by Mizuho. Below is a list of Energy Transfer Equity, L.P. (NYSE:ETE) latest ratings and price target changes.

17/05/2018 Broker: Bank of America Old Rating: Neutral New Rating: Buy Old Target: $17 Upgrade
11/04/2018 Broker: Mizuho Rating: Buy New Target: $20.0000 Maintain
06/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $19.0000 Maintain
27/03/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $19 New Target: $17 Maintain
27/02/2018 Broker: Robert W. Baird Rating: Buy New Target: $22.0 Maintain
16/01/2018 Broker: RBC Capital Markets Rating: Buy New Target: $22.0 Maintain
05/01/2018 Broker: Credit Suisse Rating: Outperform New Target: $23 Initiates Coverage On

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. (NYSE:ETE) has declined 22.45% since May 18, 2017 and is downtrending. It has underperformed by 34.00% the S&P500.

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: “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: 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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