Can Energy Transfer Equity LP’s Tomorrow Be Different? Option Trader Are Very Bearish

 Can Energy Transfer Equity LP's Tomorrow Be Different? Option Trader Are Very Bearish

In today’s session Energy Transfer Equity LP (ETE) recorded an unusually high (4,553) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious ETE decrease. With 4,553 contracts traded and 194714 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: ETE170120P00010000 closed last at: $0.19 or 9.5% down. About 241,584 shares traded hands. Energy Transfer Equity LP (NYSE:ETE) has risen 113.95% since April 5, 2016 and is uptrending. It has outperformed by 112.00% the S&P500.

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. $23.0 is the highest target while $7 is the lowest. The $18.43 average target is 30.89% above today’s ($14.08) stock price. Energy Transfer Equity LP has been the topic of 14 analyst reports since October 27, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Monday, September 26 by Robert W. Baird. Credit Suisse maintained the shares of ETE in a report on Tuesday, July 26 with “Outperform” rating. Stephens initiated Energy Transfer Equity LP (NYSE:ETE) on Thursday, September 29 with “Equal-Weight” rating. Goldman Sachs maintained it with “Neutral” rating and $17 target price in Wednesday, July 13 report. The rating was maintained by Jefferies on Wednesday, June 8 with “Buy”. As per Tuesday, March 22, the company rating was maintained by Jefferies. The company was reinitiated on Monday, August 15 by Morgan Stanley. Bernstein initiated Energy Transfer Equity LP (NYSE:ETE) rating on Wednesday, May 11. Bernstein has “Market Perform” rating and $15 price target. The rating was reinitiated by JP Morgan on Friday, September 2 with “Overweight”. The rating was initiated by Evercore with “Buy” on Tuesday, October 27.

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 Q2 2016. Its up 0.01, from 0.66 in 2016Q1. The ratio is positive, 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.
Camelot Portfolios Lc reported 14,186 shares or 0.12% of all its holdings. Sg Americas Limited Company has 118,391 shares for 0.01% of their US portfolio. Peconic Limited Liability Company has invested 0.22% of its portfolio in Energy Transfer Equity LP (NYSE:ETE). Raymond James Tru Na accumulated 0.02% or 14,094 shares. Hsbc Public Ltd Company holds 0.22% or 5.57M shares in its portfolio. The Illinois-based Busey Com has invested 0.02% in Energy Transfer Equity LP (NYSE:ETE). Hilton Mgmt Limited holds 0.16% of its portfolio in Energy Transfer Equity LP (NYSE:ETE) for 36,000 shares. Avenir Corporation owns 290,235 shares or 0.34% of their US portfolio. The New York-based Silvercrest Asset Limited Com has invested 0% in Energy Transfer Equity LP (NYSE:ETE). Columbus Hill Mgmt Ltd Partnership, a New Jersey-based fund reported 413,500 shares. Kayne Anderson Cap Advsr Limited Partnership has 7.84M shares for 1.25% of their US portfolio. Sigma Planning Corporation has 19,564 shares for 0.04% of their US portfolio. Parametric Associates Limited Liability Corporation accumulated 0% or 14,816 shares. Eagle Global Advsrs Limited Liability Company, a Texas-based fund reported 8.72 million shares. Ltd Com last reported 72,639 shares in the company.

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 $14.71 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 12.84 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 recent Energy Transfer Equity LP (NYSE:ETE) news were published by: Nasdaq.com which released: “Energy Transfer Equity, L.P. (ETE) Ex-Dividend Date Scheduled for November 03 …” on November 02, 2016. Also Forbes.com published the news titled: “Energy Transfer Equity (ETE) Shares Enter Oversold Territory” on October 13, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Baker Hughes, Energy Transfer Equity and Sunoco” with publication date: November 01, 2016 was also an interesting one.

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