An issue of Energy Transfer Equity LP (NYSE:ETE) debt rose 2.3% against its face value during trading on Tuesday, Analyst Ratings Net reports. The high-yield issue of debt has a 5.875% coupon and will mature on January 15, 2024. The debt is now trading at $74.50 and was trading at $70.50 one week ago. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

A number of analysts have commented on the stock. TheStreet downgraded shares of Energy Transfer Equity from a “buy” rating to a “hold” rating in a report on Friday, November 6th. Zacks Investment Research upgraded shares of Energy Transfer Equity from a “sell” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a report on Tuesday, November 10th. Evercore ISI assumed coverage on shares of Energy Transfer Equity in a report on Monday, October 26th. They issued a “buy” rating and a $29.00 price objective for the company. Finally, Jefferies Group cut their price objective on shares of Energy Transfer Equity from $23.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, January 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.38.

Shares of Energy Transfer Equity LP (NYSE:ETE) opened at 9.90 on Wednesday. The stock has a 50 day moving average of $11.56 and a 200 day moving average of $21.43. The stock has a market cap of $10.42 billion and a PE ratio of 11.50. Energy Transfer Equity LP has a 1-year low of $6.60 and a 1-year high of $35.44.

Energy Transfer Equity (NYSE:ETE) last issued its earnings results on Wednesday, November 4th. The company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. During the same period in the previous year, the firm earned $0.35 EPS. The firm earned $10.62 billion during the quarter, compared to analysts’ expectations of $12.45 billion. The firm’s revenue was down 29.2% on a year-over-year basis. Equities research analysts forecast that Energy Transfer Equity LP will post $1.17 EPS for the current year.

In related news, Director Kelcy L. Warren acquired 2,000,000 shares of the firm’s stock in a transaction that occurred on Friday, December 4th. The shares were purchased at an average price of $16.07 per share, with a total value of $32,140,000.00. Following the completion of the acquisition, the director now owns 25,848,220 shares in the company, valued at $415,380,895.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director K Rick Turner acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 7th. The shares were bought at an average cost of $12.90 per share, for a total transaction of $64,500.00. Following the acquisition, the director now owns 354,988 shares of the company’s stock, valued at approximately $4,579,345.20. The disclosure for this purchase can be found here.

Other hedge funds recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its stake in Energy Transfer Equity by 563.0% in the fourth quarter. Advisory Services Network LLC now owns 20,048 shares of the company’s stock worth $275,000 after buying an additional 17,024 shares in the last quarter. Prospera Financial Services increased its stake in Energy Transfer Equity by 53.8% in the fourth quarter. Prospera Financial Services now owns 26,040 shares of the company’s stock worth $358,000 after buying an additional 9,114 shares in the last quarter. Capital One National Association increased its stake in Energy Transfer Equity by 9.7% in the fourth quarter. Capital One National Association now owns 29,071 shares of the company’s stock worth $400,000 after buying an additional 2,562 shares in the last quarter. Raymond James Trust increased its stake in Energy Transfer Equity by 10.7% in the fourth quarter. Raymond James Trust now owns 31,030 shares of the company’s stock worth $427,000 after buying an additional 2,990 shares in the last quarter. Finally, Deltec Asset Management LLC bought a new stake in Energy Transfer Equity during the fourth quarter worth approximately $433,000.

Energy Transfer Equity, L.P. (NYSE:ETE) is a limited partnership company. The Company, directly and indirectly, owns equity interests in Energy Transfer Partners, L.P. (ETP) and Regency Energy Partners LP (Regency), both of which are master limited partnerships engaged in diversified energy-related services. Its segments include Investment in ETP, including the consolidated operations of ETP and Regency; Investment in Lake Charles LNG, including the operations of Lake Charles LNG Company, LLC (Lake Charles LNG), and Corporate and Other, including the activities of ETE. The Company’s Lake Charles LNG provides terminal services for shippers by receiving liquefied natural gas (LNG) at the facility for storage and delivering such liquefied natural gas (LNG) to shippers. It, through ETP, operates various brands, such as Sunoco, Stripes, Aplus, Aloha Island Mart, Exxon, Mobil, Valero, Shell and Chevron. In March 2015, ETE transferred its 45% interest in the Bakken Pipeline project to ETP.

12 Month Chart for NYSE:ETE

Frustrated with your broker? Are you tired of paying high fees? Do you feel like you are getting ripped off by your stock broker? It's time for a change. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center. Compare brokers at a glance in the InvestorPlace Broker Center (Click Here).

Receive News & Ratings for Energy Transfer Equity LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer Equity LP and related companies with MarketBeat.com's FREE daily email newsletter.