Energy Transfer Equity, L.P. (NYSE:ETE) stock is presently standing at about $19.86 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 18 analysts covering the company is $20.00, which suggests the stock could still rise over 1 percent. The highest analyst price target is $23.00, which implies a rally of 84 percent. And a quick view of analyst notes show that 8 are rating the stock a buy while 4 rate ETE a strong buy. There are 7 equity research firms advocating a Hold and 0 consider it Sell.
Bernstein analysts provided their view on Energy Transfer Equity, L.P. (NYSE:ETE) recently. The rating firm issued a Outperform rating to this company in a research note released on Nov 08, 2016. Mizuho analysts disclosed their opinion on Energy Transfer Equity, L.P. (NYSE:ETE) recently. The rating firm gave a Buy rating to this stock in a research note published on Sep 30, 2016. According to a research note disclosed on Sep 26, 2016, analysts at Robert W. Baird have upped their rating on these shares from Neutral to Outperform.
Energy Transfer Equity, L.P. (NYSE:ETE) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director, 10% Owner WARREN KELCY L Purchased 2,485,000 company shares for $41300000.7, in a transaction on 2015-12-09. Following the transaction, the Director, 10% Owner is left with a stake of 41300.7 shares, currently valued at $820232. Meanwhile, Director TURNER K RICK purchased 5,000 shares worth $64000.5, through a transaction dated 2015-12-07. Following the completion of the transaction, the insider is left with a stake of 354,988 shares, amounting $7050061.68. ETE President MCREYNOLDS JOHN W also purchased 84,667 shares, at a stock price of $16.14. This transaction occurred on 2015-12-04 totals $1366000.53. After this transaction, the insider’s stake stands at 25,084,555 shares, with a market value of $498179262.
Executives hold 3.51 percent of the stock. Kelcy L. Warren is one of the biggest insider owners in Energy Transfer Equity, L.P. (NYSE:ETE), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 25,848,220 shares which have current market value of around $513345649.2.Ray C. Davis is another major inside shareholder in the company. The insider owns 3,545,261 shares as of 0.34%, currently worth $70408883.46. Marshall S.(Mackie) McCrea,III is ranked as third insider holder of the stock. This insider holds 2,347,200 shares with a market value around $46615392 as of recent close.
Energy Transfer Equity, L.P. (NYSE:ETE) Earnings Outlook
In Energy Transfer Equity, L.P. (NYSE:ETE)’s latest quarter, EPS moved to $0.47 from $0.23 in preceding quarter and revenues reached at $9,675.00M compared to $9,344.00M. Analysts had expected Energy Transfer Equity, L.P. (NYSE:ETE) to post net income of about $0.25 per share on $9,510.58M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.03 to $0.46. That is compared with the $0.30 in EPS it reported during the same period a year ago.