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Energy Transfer Equity LP (NYSE:ETE) has been downgraded to Hold in a statement by ValuEngine earlier today.

ValuEngine has downgraded Energy Transfer Equity LP (NYSE:ETE) to Hold in a statement released on 06/02/2017.

On Wednesday May 24, 2017, RBC Capital Markets released a statement on Energy Transfer Equity LP (NYSE:ETE) bumped up the target price from $0.00 to $22.00 that suggested an upside of 0.19%.

Boasting a price of $17.06, Energy Transfer Equity LP (NYSE:ETE) traded -1.32% lower on the day. With the last close down -2.15% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Energy Transfer Equity LP has recorded a 50-day average of $17.66 and a two hundred day average of $17.64. Volume of trade was down over the average, with 2,607,148 shares of ETE changing hands under the typical 4,484,730

Performance Chart

Energy Transfer Equity LP (NYSE:ETE)

With a total market value of $0, Energy Transfer Equity LP has price-earnings ratio of 21.77 with a one year low of $13.77 and a one year high of $20.05 .

A total of 8 analysts have released a research note on ETE. Two analysts rating the company a strong buy, two analysts rating the company a buy, six analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $13.50.

More About Energy Transfer Equity LP (NYSE:ETE)

Energy Transfer Equity, L.P. (ETE) owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services. The Company's segments include Investment in ETP, including the consolidated operations of ETP; Investment in Sunoco LP, including the consolidated operations of Sunoco LP; Investment in Lake Charles LNG, including the operations of Lake Charles LNG, and Corporate and Other. Its Investment in ETP segment includes the ETP's operations, which include intrastate transportation and storage operations; interstate transportation and storage operations; midstream operations; liquids transportation and services operations; ETP's Investment in Sunoco Logistics; Retail Marketing operations, and ETP's other operations and Investments. The Investment in Sunoco LP segment includes wholesale operations and retail operations. Lake Charles LNG owns a LNG import terminal and regasification facility located on Louisiana's Gulf Coast.

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