Energy Transfer Equity LP Can’t Be More Safe. Option Traders Like It

 Energy Transfer Equity LP Can't Be More Safe. Option Traders Like It

In today’s session Energy Transfer Equity LP (ETE) registered an unusually high (2,558) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious ETE increase. With 2,558 contracts traded and 63514 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: ETE161118C00017000 closed last at: $0.44 or 8.3% down. About 770,913 shares traded hands. Energy Transfer Equity LP (NYSE:ETE) has risen 118.33% since March 14, 2016 and is uptrending. It has outperformed by 112.72% the S&P500.

Analysts await Energy Transfer Equity LP (NYSE:ETE) to report earnings on November, 2. They expect $0.27 EPS, down 3.57% or $0.01 from last year’s $0.28 per share. ETE’s profit will be $283.14M for 14.46 P/E if the $0.27 EPS becomes a reality. After $0.23 actual EPS reported by Energy Transfer Equity LP for the previous quarter, Wall Street now forecasts 17.39% EPS growth.

Energy Transfer Equity LP (NYSE:ETE) Ratings Coverage

Out of 10 analysts covering Energy Transfer Equity LP (NYSE:ETE), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. Energy Transfer Equity LP has been the topic of 14 analyst reports since October 27, 2015 according to StockzIntelligence Inc. As per Friday, December 18, the company rating was initiated by Jefferies. The company was reinitiated on Monday, August 15 by Morgan Stanley. The company was downgraded on Monday, February 8 by Robert W. Baird. The firm earned “Buy” rating on Wednesday, June 8 by Jefferies. The rating was reinitiated by JP Morgan on Friday, September 2 with “Overweight”. The stock has “Buy” rating given by Evercore on Tuesday, October 27. The company was initiated on Friday, September 30 by Mizuho. As per Wednesday, July 13, the company rating was maintained by Goldman Sachs. The firm has “Market Perform” rating by Bernstein given on Wednesday, May 11. The stock has “Outperform” rating given by Credit Suisse on Tuesday, July 26.

According to Zacks Investment Research, “Energy Transfer Equity, L.P. owns a diversified portfolio of energy assets, including natural gas operations consisting miles of natural gas gathering and transportation pipelines, natural gas treating and processing assets located in Texas and Louisiana, and three natural gas storage facilities located in Texas.”

Insitutional Activity: The institutional sentiment increased to 0.67 in 2016 Q2. Its up 0.01, from 0.66 in 2016Q1. The ratio improved, as 52 funds sold all Energy Transfer Equity LP shares owned while 111 reduced positions. 38 funds bought stakes while 71 increased positions. They now own 419.54 million shares or 8.98% less from 460.95 million shares in 2016Q1.
Sentinel Tru Commerce Lba holds 21,879 shares or 0.04% of its portfolio. Gabelli Funds Ltd Liability Com last reported 1.46M shares in the company. Advisory Research reported 3.48 million shares or 0.86% of all its holdings. Fincl Architects holds 4,100 shares or 0.02% of its portfolio. Ftb holds 0.01% of its portfolio in Energy Transfer Equity LP (NYSE:ETE) for 3,354 shares. Whittier Tru last reported 7,680 shares in the company. Roanoke Asset Mngmt Ny last reported 0.08% of its portfolio in the stock. Highland Cap Mngmt L P holds 0.91% of its portfolio in Energy Transfer Equity LP (NYSE:ETE) for 1.52M shares. Moreover, Stifel Financial Corp has 0.03% invested in Energy Transfer Equity LP (NYSE:ETE) for 457,682 shares. Ardsley Advisory has 0.5% invested in the company for 200,000 shares. Wells Fargo Company Mn has 2.34M shares for 0.01% of their US portfolio. Mitchell Mcleod Pugh Williams Inc accumulated 0.32% or 24,725 shares. Farmers Merchants Invs Incorporated accumulated 2,400 shares or 0% of the stock. Fic, a New York-based fund reported 38,468 shares. Signaturefd Ltd Liability Com last reported 0.1% of its portfolio in the stock.

Energy Transfer Equity, L.P. directly and indirectly owns equity interests in Energy Transfer Partners, L.P. (ETP) and SUN LP, which are engaged in diversified energy-related services. The company has a market cap of $16.38 billion. The Company, through its family of companies, owns and operates over 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines. It has a 14.24 P/E ratio. The Company’s divisions include Investment in ETP, including the consolidated activities of ETP; Investment in Sunoco LP, including the consolidated activities of Sunoco LP; Investment in Lake Charles LNG, including the activities of Lake Charles LNG, and Corporate and Other.

ETE Company Profile

Energy Transfer Equity, L.P. (ETE), incorporated on August 23, 2005, directly and indirectly owns equity interests in Energy Transfer Partners, L.P. (ETP) and SUN LP, which are engaged in diversified energy-related services. The Company, through its family of companies owns and operates approximately 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines. The Company’s divisions include Investment in ETP, including the consolidated activities of ETP; Investment in Sunoco LP, including the consolidated activities of Sunoco LP; Investment in Lake Charles LNG, including the activities of Lake Charles LNG, and Corporate and Other. The Company’s subsidiaries include ETP, Energy Transfer Partners GP, L.P. (ETP GP), Energy Transfer Partners, L.L.C. (ETP LLC), Panhandle Eastern Pipe Line Company, LP and its subsidiaries (Panhandle), Sunoco Logistics Partners L.P. (Sunoco Logistics), Sunoco LP, Lake Charles LNG Company, LLC (Lake Charles LNG) and ETP Holdco Corporation (ETP Holdco).

More important recent Energy Transfer Equity LP (NYSE:ETE) news were published by: Investorplace.com which released: “Best Stocks of 2016: Energy Transfer Equity LP (ETE) Stock Still In the Race” on October 13, 2016, also Fool.com published article titled: “The Waiting Game: When Will Energy Transfer Equity LP Finally Give Investors a …”, Fool.com published: “Understanding Energy Transfer Equity LP in Just 3 Charts” on September 21, 2016. More interesting news about Energy Transfer Equity LP (NYSE:ETE) was released by: Fool.com and their article: “How Does Energy Transfer Equity LP Stack Up Against Its Pipeline Peers?” with publication date: September 27, 2016.

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