Mizuho Securities announced Energy Transfer Equity (NYSE:ETE), bumping up its stock price target to $20.00 today
- Updated: September 29, 2016
In a report released on Friday September 30, 2016 Mizuho Securities increased the stock price target of Energy Transfer Equity (NYSE:ETE) to $20.00 reporting a possible upside of 0.21%.
Just yesterday Energy Transfer Equity (NYSE:ETE) traded 0.66% higher at $16.58. Energy Transfer Equity’s 50-day moving average is $17.48 and its 200-day moving average is $13.70. The last closing price is up 22.66% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,242,720 shares of ETE traded hands, down from an average trading volume of 7,394,010
Recent Performance Chart
Energy Transfer Equity has 52 week low of $4.00 and a 52 week high of $25.36 with a PE ratio of 15.35 and has a market capitalization of $0.
In addition to Mizuho Securities reporting its stock price target, a total of 8 brokers have issued a research note on the company. The average stock price target is $13.50 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 6 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Energy Transfer Equity (NYSE:ETE)
Energy Transfer Equity, L.P. (ETE) 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 over 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines. 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. The Company's subsidiaries include ETP, 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), Energy Transfer Partners GP, L.P. (ETP GP), Sunoco LP, Lake Charles LNG Company, LLC (Lake Charles LNG) and ETP Holdco Corporation (ETP Holdco).
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