Energy Transfer Equity LP Has More Gas To Decrease After Today’s Bearish Options Activity

 Energy Transfer Equity LP Has More Gas To Decrease After Today's Bearish Options Activity

In today’s session Energy Transfer Equity LP (ETE) recorded an unusually high (363) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious ETE decrease. With 363 contracts traded and 1114 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: ETE170421P00018000 closed last at: $2.4 or 1.3% up. About 4.17 million shares traded hands. Energy Transfer Equity LP (NYSE:ETE) has risen 52.96% since April 25, 2016 and is uptrending. It has outperformed by 46.95% the S&P500.

Analysts await Energy Transfer Equity LP (NYSE:ETE) to report earnings on February, 22. They expect $0.25 EPS, down 59.68% or $0.37 from last year’s $0.62 per share. ETE’s profit will be $257.79M for 16.68 P/E if the $0.25 EPS becomes a reality. After $0.19 actual EPS reported by Energy Transfer Equity LP for the previous quarter, Wall Street now forecasts 31.58% EPS growth.

Energy Transfer Equity LP (NYSE:ETE) Ratings Coverage

Out of 10 analysts covering Energy Transfer Equity LP (NYSE:ETE), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. Energy Transfer Equity LP has been the topic of 15 analyst reports since October 27, 2015 according to StockzIntelligence Inc. The stock of Energy Transfer Equity LP (NYSE:ETE) has “Neutral” rating given on Monday, February 8 by Robert W. Baird. Robert W. Baird upgraded it to “Outperform” rating and $20 target price in Monday, September 26 report. The company was initiated on Friday, September 30 by Mizuho. Credit Suisse maintained it with “Outperform” rating and $20 target price in Tuesday, July 26 report. The stock of Energy Transfer Equity LP (NYSE:ETE) earned “Buy” rating by Evercore on Tuesday, October 27. The rating was upgraded by Bernstein on Tuesday, November 8 to “Outperform”. Jefferies initiated the stock with “Buy” rating in Friday, December 18 report. As per Wednesday, July 13, the company rating was maintained by Goldman Sachs. Stephens initiated the stock with “Equal-Weight” rating in Thursday, September 29 report. Morgan Stanley reinitiated Energy Transfer Equity LP (NYSE:ETE) rating on Monday, August 15. Morgan Stanley has “Overweight” rating and $20 price target.

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 0.95 in 2016 Q2. Its up 0.28, from 0.67 in 2016Q1. The ratio increased, 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.
The New York-based Rockefeller Fincl Services has invested 0% in Energy Transfer Equity LP (NYSE:ETE). Cap Advisers Limited Liability, a California-based fund reported 267,073 shares. Third Security Ltd Limited Liability Company owns 752,400 shares or 0.56% of their US portfolio. Citadel Ltd Llc has invested 0% of its portfolio in Energy Transfer Equity LP (NYSE:ETE). Wexford Cap Ltd Partnership accumulated 300,000 shares or 0.75% of the stock. Enterprise Financial Services holds 0.03% of its portfolio in Energy Transfer Equity LP (NYSE:ETE) for 2,961 shares. Assetmark owns 1,650 shares or 0% of their US portfolio. The Texas-based Argentus Capital Mgmt Limited Liability Corporation has invested 0.07% in Energy Transfer Equity LP (NYSE:ETE). Parametric Portfolio Lc holds 0% of its portfolio in Energy Transfer Equity LP (NYSE:ETE) for 14,816 shares. Manchester Capital Mgmt Limited Liability accumulated 0% or 61 shares. City holds 1,972 shares or 0.01% of its portfolio. Royal Comml Bank Of Canada owns 500,913 shares or 0% of their US portfolio. Cushing Asset Management Limited Partnership reported 3.23 million shares or 1.65% of all its holdings. Gsa Cap Ltd Liability Partnership accumulated 0.05% or 68,235 shares. National Bank Of Mellon Corporation, a New York-based fund reported 135,036 shares.

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 $17.20 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 16.54 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: Forbes.com which released: “Is There Value In Sunoco Logistics’ Merger With Energy Transfer Partners?” on November 21, 2016. Also Wsj.com published the news titled: “·Energy Transfer Equity, Energy Transfer Partners Post Weaker Results” on November 09, 2016. Nasdaq.com‘s news article titled: “Energy Transfer Equity, L.P. (ETE) Ex-Dividend Date Scheduled for November 03 …” with publication date: November 02, 2016 was also an interesting one.

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