Brokerage Firm Rating Update on Energy Transfer Equity L.P. (ETE)

Energy Transfer Equity L.P. (ETE) : Zacks Investment Research ranks Energy Transfer Equity L.P. (ETE) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.77, which indicates as a Buy.

Energy Transfer Equity L.P. (ETE) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $29 and the lowest price target forecast is $7. The average forecast of all the analysts is $18.38 and the expected standard deviation is $6.21.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Morgan Stanley, assumes their rating on the shares of Energy Transfer Equity L.P. (NYSE:ETE). Morgan Stanley has a Overweight rating on the shares. As per the latest report, the brokerage house announces the price target to $20 per share. The rating by the firm was issued on August 15, 2016.

Energy Transfer Equity L.P. (NYSE:ETE): The stock opened at $18.1 and touched an intraday high of $18.55 on Wednesday. During the day, the stock corrected to an intraday low of $18.02, however, the bulls stepped in and pushed the price higher to close in the green at $18.49 with a gain of 2.27% for the day. The total traded volume for the day was 6,528,854. The stock had closed at $18.08 in the previous trading session.

Energy Transfer Equity, L.P. (ETE) is a limited partnership company. The Company, directly and indirectly, owns equity interests in Energy Transfer Partners, L.P. (ETP) and Regency Energy Partners LP (Regency), both of which are master limited partnerships engaged in diversified energy-related services. Its segments include Investment in ETP, including the consolidated operations of ETP and Regency; Investment in Lake Charles LNG, including the operations of Lake Charles LNG Company, LLC (Lake Charles LNG), and Corporate and Other, including the activities of ETE. The Companys Lake Charles LNG provides terminal services for shippers by receiving liquefied natural gas (LNG) at the facility for storage and delivering such liquefied natural gas (LNG) to shippers. It, through ETP, operates various brands, such as Sunoco, Stripes, Aplus, Aloha Island Mart, Exxon, Mobil, Valero, Shell and Chevron. In March 2015, ETE transferred its 45% interest in the Bakken Pipeline project to ETP.

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