Energy Transfer Equity LP (NYSE:ETE) Rating Restated

JP Morgan kept their “Overweight” rating on shares of Energy Transfer Equity LP (NYSE:ETE) in an analyst note made public on 5 September.

According to data compiled by Thomson Reuters, Energy Transfer Equity LP (NYSE:ETE)’s stock is covered by 8 equity analysts across the Street, with 0 analysts giving it a Sell rating, 4 a Buy rating, while 6 consider it a Hold. The 12-month consensus target price for the stock is $13.5, which reflects an downside potential of 24.33% over the current price.

NYSE:ETE Price Chart & Trend

The stock price of Energy Transfer Equity LP dropped 9.44% over the last 200 days, and is in unstable down trend. In the last 50 and 100 days, Energy Transfer Equity LP is up 24.32% and up 95.22%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Institutional Ownership

Walnut Private Equity Partners Llc had the largest stake with ownership of 600,000 shares as of q2 2015 for 23.08% of the portfolio. Yorkville Capital Management Llc is another bull as the fund who is owning 853,168 shares of Energy Transfer Equity LP or 19.04% of their portfolio. Moreover, C V Starr & Co Inc have 13.14% of their portfolio invested in the company for 55,115 shares. The Kansas-based fund Whetstone Capital Advisors Llc disclosed it had bought a stake worth about 11.95% of the fund’s stock portfolio in Energy Transfer Equity LP. The New York-based fund Heronetta Management L.P. is also positive about the stock, possessing 644,000 shares or 9.34% of their portfolio.

Energy Transfer Equity LP (NYSE:ETE) Profile

Energy Transfer Equity, L.P. (ETE) directly and indirectly owns equity interests in Energy Transfer Partners, L.P. (ETP) and SUN LP, which are engaged in diversified energy-related services. The Company, through its family of companies, owns and operates over 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines. 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.

Energy Transfer Equity LP (NYSE:ETE) traded up 0.17% on 5 September, hitting $17.84. A total of shares of the company’s stock traded hands. This is down from average of 6.00 million shares. Energy Transfer Equity LP has a 52 week low of $4.00 and a 52 week high of $27.49. The company has a market cap of $18.67 billion and a P/E ratio of 16.27.

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