Energy Transfer Equity, L.P. (ETE), launched on August 23, 2005, owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services. Its up 9.09% from 11,000 shares previously. ETE comes in with a P/S ratio of 0.48 that's below 1, potentially implying that it could be cheap relative to the overall sector (14.28) and its peers (89.83). It has underperformed by 72.21% the S&P500. Finally, Cornerstone Wealth Management LLC acquired a new position in shares of Energy Transfer Equity, L.P. during the 1st quarter worth approximately $207,000. Meiji Yasuda Life Insur reported 67,410 shares stake. 2,042,380 shares of the company traded hands. Creative Planning has 102,529 shares.
Investors sentiment increased to 0.89 in 2016 Q4. It is positive, as 2 investors sold Novogen Limited (ADR) shares while 2 reduced holdings. Sandy Spring Natl Bank reported 191,575 shares. Rbf Cap holds 0.68% or 100,000 shares in its portfolio. First Quadrant LP Ca, a California-based fund reported 5,500 shares. On Thursday, May 26 the stock rating was initiated by KeyBanc Capital Markets with "Overweight". This was evident in the recent market crash when the stocks of all Reliance companies fell sharply.
Investors sentiment increased to 0.98 in Q4 2016. Investors of record on Monday, August 7th were issued a dividend of $0.285 per share. Wolfe Research maintained the shares of ETE in report on Monday, May 15 with "Market Perform" rating. As per Tuesday, March 22, the company rating was maintained by Jefferies. The hedge fund run by Jeff Lignelli held 69,410 shares of the oil refining and marketing company at the end of 2016Q4, valued at $1.87 million, down from 91,538 at the end of the previous reported quarter. The firm has "Buy" rating by Jefferies given on Friday, December 18. Ranger Intll Mgmt Ltd Partnership has invested 1.53% in Energy Transfer Equity LP (NYSE:ETE).
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A total of 15 brokerages have issued a ratings update on Energy Transfer Partners LP. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $39.80.
Clinton Group Inc decreased Kellogg Co (NYSE:K) stake by 37,937 shares to 8,906 valued at $656,000 in 2016Q4. Therefore 73% are positive. Annual dividend yield of Energy Transfer Equity, L.P. (ETE) is at 6.42%. Goldman Sachs Grp holds 40.73M shares. As per Monday, January 9, the company rating was downgraded by Bernstein. Out of 15 Wall Street analysts rating Energy Transfer Equity LP, 11 give it "Buy", 0 "Sell" rating, while 4 recommend "Hold". Sanford C. Bernstein upgraded Energy Transfer Equity, L.P. from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $19.00 to $23.00 in a report on Wednesday, May 10th. Enbridge Inc (NYSE:ENB) was reduced too. On Tuesday, July 26 the stock rating was maintained by Credit Suisse with "Outperform". One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The firm has "Neutral" rating given on Monday, February 8 by Robert W. Baird. Alps Advsrs reported 311,270 shares. Carroll Assocs stated it has 0.03% of its portfolio in Energy Transfer Equity LP (NYSE:ETE). Stephens initiated Energy Transfer Equity LP (NYSE:ETE) on Thursday, September 29 with "Equal-Weight" rating. Security Trust holds 0.08% of its portfolio in Energy Transfer Equity LP (NYSE:ETE) for 12,000 shares. Appleton Partners Ma has invested 1.08% of its portfolio in Intercontinental Exchange Inc (NYSE:ICE). Salient Lta holds 0.14% or 66,281 shares. ETE has a net profit margin of 2.20% and is less profitable than the average company in the Oil & Gas Pipelines industry. Franklin Resources Inc owns 0% invested in Energy Transfer Equity LP (NYSE:ETE) for 118,493 shares. Steinberg Glob Asset owns 24,300 shares.
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