Published: Sat, January 06, 2018
Finance | By Loren Pratt

Harvest Fund Advisors LLC Has Lifted Energy Transfer Equity LP (ETE) Holding


The stock traded within a range of $17.14 and $17.96. 3,425,300 shares of the stock traded hands, compared to its average volume of 4,957,333.

The PEG ratio for Energy Transfer Equity, L.P.is now 1.3. It has outperformed by 25.98% the S&P500.The move comes after 9 months negative chart setup for the $18.70 billion company. E&G Advsrs Ltd Partnership reported 0.39% stake. The company's quarterly revenue was up 23.0% on a year-over-year basis. equities research analysts expect that Energy Transfer Equity will post 0.99 earnings per share for the current year. Prtnrs Gp Hldgs Ag holds 0.12% or 62,600 shares in its portfolio. Ralph Lauren Corp now has $8.42 billion valuation.

The stock decreased 0.05% or $0.02 during the last trading session, reaching $34.29. About 430,846 shares traded. LyondellBasell Industries N.V. (NYSE:LYB) has risen 0.33% since January 4, 2017 and is uptrending. It has underperformed by 19.81% the S&P500. Balyasny Asset Management LLC grew its stake in Energy Transfer Equity by 321.1% during the 2nd quarter. Jpmorgan Chase & Co (AMJ) was raised too.

Energy Transfer Equity (NYSE:ETE) last announced its quarterly earnings results on Tuesday, November 7th. During the same quarter in the prior year, the business posted $0.19 earnings per share. ETE's profit will be $324.41 million for 14.48 P/E if the $0.30 EPS becomes a reality. BMO Capital Markets set a $19.00 target price on shares of Energy Transfer Equity and gave the stock a "hold" rating in a research report on Thursday, October 12th.

Among 18 analysts covering Vipshop Holdings Limited (NYSE:VIPS), 12 have Buy rating, 3 Sell and 3 Hold.

Ratings analysis reveals 100% of Energy Transfer Equity's analysts are positive. Bernstein upgraded the stock to "Outperform" rating in Wednesday, May 10 report.

Analysts on average have given a price target of $18.3 to Teva Pharmaceutical Industries Limited (TEVA) stock.

TRADEMARK VIOLATION NOTICE: "Energy Transfer Equity (ETE) Receives New Coverage from Analysts at Credit Suisse Group" was first published by Week Herald and is owned by of Week Herald. The firm earned "Buy" rating on Thursday, July 27 by RBC Capital Markets. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The rating was initiated by Stephens with "Equal-Weight" on Thursday, September 29. Jefferies maintained the stock with "Buy" rating in Friday, September 8 report. Robert W. Baird upgraded the shares of ETE in report on Monday, September 26 to "Outperform" rating. The rating was maintained by Susquehanna with "Positive" on Wednesday, March 9.


Raymond James Trust N.A. increased its position in shares of Energy Transfer Equity by 0.7% in the second quarter. Its up 0.02, from 0.86 in 2017Q2. Sei Investments Co. grew its holdings in shares of Energy Transfer Equity by 6.1% during the second quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Carroll Financial Assoc holds 0.02% or 11,776 shares in its portfolio.

Energy Transfer Equity, L.P. (ETE) owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services.

Heading into the stock price potential, Energy Transfer Equity, L.P. needs to grow just 12.23% to cross its median price target of $20. The institutional investor held 38,090 shares of the energy company at the end of 2017Q3, valued at $798,000, up from 11,740 at the end of the previous reported quarter.

Energy Transfer Equity, L.P. (NYSE:ETE) touched its 1-Year High price of $20.05 on 01/06/17 and its 1-Year Low price of $15.03 on 06/22/17. The share price was last seen 1.52% higher, reaching at $70.91 on January 03, 2018. Energy Transfer Equity, L.P. (NYSE:ETE) presently has a 10 month price index of 0.95833. Robert W. Baird downgraded Energy Transfer Equity, L.P. (NYSE:ETE) on Monday, February 8 to "Neutral" rating. 287.42 million shares or 0.30% less from 288.30 million shares in 2017Q2 were reported. It fall, as 16 investors sold Sterling Bancorp shares while 63 reduced holdings. Comerica Bancshares reported 194,306 shares stake. Wetherby Asset Management Inc invested in 14,400 shares or 0.04% of the stock.

Investors sentiment increased to 1.05 in Q3 2017. Its down 0.04, from 1.19 in 2017Q2. Cetera Advisor Ltd invested in 2,517 shares. (NYSE:SAM). Fifth Third Fincl Bank has invested 0.01% of its portfolio in The Boston Beer Company, Inc. 3,271 are owned by M&T Bank. Duff Phelps Inv Mgmt Company, a Illinois-based fund reported 774,932 shares. Moreover, Yorkville Capital Management Llc has 9.87% invested in the company for 491,426 shares. Tradewinds Mngmt Ltd Limited Liability Company accumulated 0% or 400 shares. Loudon Investment Ltd Liability, a New Hampshire-based fund reported 26,978 shares.

Intercontinental Exchange, Inc.by far traveled 27.09% versus a 1-year low price of $55.80. Swiss National Bank has invested 0.02% in Ralph Lauren Corporation (NYSE:RL). California Employees Retirement Systems, a California-based fund reported 150,901 shares. Next Fin Grp owns 528 shares for 0% of their portfolio. M&T National Bank & Trust owns 416,456 shares or 0.22% of their USA portfolio. Mizuho restated a buy rating on shares of Energy Transfer Equity in a research report on Monday, December 26th.

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