News articles about Energy Transfer Equity LP Unit (NYSE:ETE) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Energy Transfer Equity LP Unit earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the pipeline company an impact score of 46.2925909986953 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the headlines that may have impacted Accern Sentiment’s rankings:

Several equities research analysts have commented on ETE shares. Zacks Investment Research upgraded shares of Energy Transfer Equity LP Unit from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, May 2nd. Bank of America upgraded shares of Energy Transfer Equity LP Unit from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, May 17th. ValuEngine upgraded shares of Energy Transfer Equity LP Unit from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. US Capital Advisors restated a “hold” rating on shares of Energy Transfer Equity LP Unit in a research note on Tuesday, July 17th. Finally, Stephens upgraded shares of Energy Transfer Equity LP Unit from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $20.00 to $23.00 in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. Energy Transfer Equity LP Unit presently has an average rating of “Buy” and an average price target of $20.67.

NYSE ETE opened at $17.92 on Friday. Energy Transfer Equity LP Unit has a 12 month low of $12.80 and a 12 month high of $19.34. The company has a current ratio of 0.99, a quick ratio of 0.76 and a debt-to-equity ratio of 1.46. The company has a market cap of $20.98 billion, a P/E ratio of 14.81 and a beta of 1.90.

Energy Transfer Equity LP Unit (NYSE:ETE) last posted its quarterly earnings data on Wednesday, August 8th. The pipeline company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.15). Energy Transfer Equity LP Unit had a net margin of 2.60% and a return on equity of 5.50%. The company had revenue of $14.12 billion for the quarter, compared to analyst estimates of $12.63 billion. During the same quarter in the prior year, the business earned $0.18 EPS. Energy Transfer Equity LP Unit’s revenue was up 49.8% compared to the same quarter last year. sell-side analysts predict that Energy Transfer Equity LP Unit will post 1.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 20th. Investors of record on Monday, August 6th will be paid a dividend of $0.305 per share. The ex-dividend date is Friday, August 3rd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.81%. Energy Transfer Equity LP Unit’s dividend payout ratio is presently 100.83%.

About Energy Transfer Equity LP Unit

Energy Transfer Equity, L.P. provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines.

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