Q2 2018 EPS Estimates for Energy Transfer Equity Lifted by Analyst (ETE)

Energy Transfer Equity (NYSE:ETE) – Stock analysts at US Capital Advisors raised their Q2 2018 EPS estimates for Energy Transfer Equity in a research report issued on Monday, May 14th. US Capital Advisors analyst B. Followill now forecasts that the pipeline company will post earnings per share of $0.32 for the quarter, up from their previous estimate of $0.30. US Capital Advisors also issued estimates for Energy Transfer Equity’s Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.33 EPS, FY2019 earnings at $1.29 EPS and FY2020 earnings at $1.33 EPS.

Energy Transfer Equity (NYSE:ETE) last issued its quarterly earnings data on Wednesday, May 9th. The pipeline company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.02). Energy Transfer Equity had a return on equity of 5.13% and a net margin of 2.56%. The business had revenue of $11.88 billion for the quarter, compared to analysts’ expectations of $11.94 billion. During the same period last year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was up 23.0% on a year-over-year basis.

A number of other analysts have also issued reports on ETE. Zacks Investment Research upgraded shares of Energy Transfer Equity from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. Robert W. Baird restated a “buy” rating and set a $22.00 target price on shares of Energy Transfer Equity in a research report on Tuesday, February 27th. Bank of America decreased their target price on shares of Energy Transfer Equity from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 27th. ValuEngine lowered shares of Energy Transfer Equity from a “hold” rating to a “sell” rating in a research report on Friday, April 6th. Finally, Mizuho restated a “buy” rating and set a $20.00 target price on shares of Energy Transfer Equity in a research report on Wednesday, April 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Energy Transfer Equity currently has an average rating of “Buy” and a consensus price target of $20.36.

Shares of Energy Transfer Equity opened at $16.92 on Wednesday, according to MarketBeat.com. Energy Transfer Equity has a 1-year low of $16.46 and a 1-year high of $16.56. The company has a market cap of $17.83 billion, a PE ratio of 13.98 and a beta of 1.85. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.91 and a quick ratio of 1.10.

Several institutional investors and hedge funds have recently made changes to their positions in the business. G&S Capital LLC purchased a new position in shares of Energy Transfer Equity in the 4th quarter valued at $110,000. SeaCrest Wealth Management LLC purchased a new position in shares of Energy Transfer Equity in the 4th quarter valued at $115,000. Lee Financial Co raised its stake in shares of Energy Transfer Equity by 357.0% in the 1st quarter. Lee Financial Co now owns 7,623 shares of the pipeline company’s stock valued at $109,000 after acquiring an additional 5,955 shares during the period. Hall Laurie J Trustee raised its stake in shares of Energy Transfer Equity by 9,600.0% in the 4th quarter. Hall Laurie J Trustee now owns 9,700 shares of the pipeline company’s stock valued at $168,000 after acquiring an additional 9,600 shares during the period. Finally, Sfmg LLC purchased a new position in shares of Energy Transfer Equity in the 1st quarter valued at $142,000. Institutional investors own 48.09% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 21st. Shareholders of record on Monday, May 7th will be issued a $0.305 dividend. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 7.21%. Energy Transfer Equity’s dividend payout ratio (DPR) is presently 100.83%.

Energy Transfer Equity Company Profile

Energy Transfer Equity, L.P. provides diversified energy-related services in the United States. 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.

Earnings History and Estimates for Energy Transfer Equity (NYSE:ETE)

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