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Energy Transfer Equity, LP (ETE) Upgraded to Outperform at Sanford C. Bernstein
19 June 2017, 02:09 | Kenneth Drake
Price Target Overview of Energy Transfer Equity, LP (ETE)
The stock has shown weekly performance of -2.15% and monthly performance stands at 0.56%.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for ConocoPhillips the EPS stands at -0.14 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.01, suggesting the stock fell short of the analysts' expectations. Energy Transfer Prtnrs LP (Call) now has $20.65 billion valuation. Harvest Fund Advsrs Limited Liability Co holds 23.34M shares. Energy Transfer Equity, L.P. (NYSE:ETE) for the trailing twelve months paying dividend with the payout ratio of 114.16% to its shareholders. It has underperformed by 36.98% the S&P500. The mean target of $29.50 should be compared with the price when the stock was languishing around $19.63 a share. Noesis Capital Mangement Corp accumulated 12,177 shares or 0.18% of the stock. Dynamic Advisors Solutions Limited Liability Company holds 0.26% or 18,178 shares. Whitnell holds 0.18% or 10,769 shares. It has outperformed by 25.98% the S&P500.The move comes after 9 months positive chart setup for the $17.47B company. Two analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. On September 26, 2016 the stock rating was set at "Outperform" in a report from Baird up from the previous "Neutral" rating. The firm has "Outperform" rating given on Tuesday, November 8 by Bernstein.
A number of other brokerages have also recently issued reports on ETE. The stock has "Buy" rating by Jefferies on Tuesday, March 22. Using this scale, a 1 would indicate a Strong Buy, and a 5 rating would represent a Strong Sell rating. Commerzbank Aktiengesellschaft Fi holds 15,363 shares. Mense D Craig sold $13,490 worth of stock or 318 shares. About 806,112 shares traded. A higher volatility means that a security's value can potentially be spread out over a larger range of values. The Bakken Pipeline, owned by Dakota Access, LLC and Energy Transfer Crude Oil Company LLC, respectively, is a 1,872-mile, mostly 30-inch pipeline system that transports domestically produced crude oil from the Bakken/Three Forks productions areas in North Dakota to a storage and terminalling hub outside Patoka, Illinois, and/or down to additional terminals in Nederland, Texas. It turned negative, as 64 investors sold ETP shares while 157 reduced holdings. 58 funds opened positions while 108 raised stakes. Sei Com reported 3,406 shares stake. Mufg Americas Holdg invested in 1,375 shares or 0% of the stock. Finally, Investment Partners Ltd. Da Davidson & has 300 shares. Linscomb & Williams holds 15,319 shares. Grimm now owns $1,563,530 of the stock according to the SEC filing.
Investors sentiment increased to 0.98 in Q4 2016. The shares were purchased at an average price of $34.48. Northeast Financial Consultants Incorporated stated it has 43,150 shares or 0.69% of all its holdings. Finance Advisory reported 0.08% stake. Dupont Capital Management Corp owns 9.97 million shares or 16.37% of their United States portfolio. Hanson And Doremus Inv Management reported 0% in Cna Financial Corp (NYSE:CNA). Alpha Cubed Ltd Company reported 9,837 shares. Centers Of America owns 83,043 shares. It also reduced At&T Inc. Plains All Amern Pipeline L (NYSE:PAA) was raised too.
Since January 10, 2017, it had 1 buy, and 0 selling transactions for $111,536 activity. 3,129 shares were bought by Skidmore David K, worth $111,536 on Tuesday, January 10. The target implies a 13.64% spike from where the shares are now trading. It also reduced Dcp Midstream Partners Lp (NYSE:DPM) stake by 191,424 shares and now owns 8.97 million shares. Solaris Asset Ltd reported 0.3% of its portfolio in Energy Transfer Equity LP (NYSE:ETE).
In terms of Energy Transfer Equity, L.P. (ETE) stock price comparison to its moving averages, shares of company are -11.89% away from the 50-day moving average and -8.33% away from 20-day average. Therefore 72% are positive.
Deutsche Bank AG (NYSE:DB) inched down -0.74% to close at $17.34 in the last trading session. Zacks downgraded the stock to "Buy" rating in Monday, August 10 report. The company was maintained on Monday, December 7 by Oppenheimer.
This stock (ETE) is ahead of its 52-week low with 32.48%. On Friday, February 26 the stock rating was maintained by Stifel Nicolaus with "Buy". The stock has "Hold" rating by Stifel Nicolaus on Monday, April 4. ValuEngine cut Energy Transfer Equity, L.P. from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. Minnesota-based Somerset Gp Lc has invested 0.81% in Energy Transfer Equity LP (NYSE:ETE). The rating was upgraded by Seaport Global to "Buy" on Tuesday, June 7.
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