About Energy Transfer Equity LP Unit (NYSE:ETE)
Energy Transfer Equity, L.P. provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Its midstream operations include ownership and operation of natural gas and natural gas liquid (NGL) gathering pipelines, natural gas processing plants, natural gas treating facilities, and natural gas conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; a natural gas gathering system in Ohio; and transportation and supply of water to natural gas producers in Pennsylvania. The company's NGL transportation and services operations include ownership of approximately 4,300 miles of NGL pipelines, 5 NGL and propane fractionation facilities, and NGL storage facilities with aggregate working storage capacity of approximately 53 million barrels. It also sells gasoline, middle distillates, and motor fuel at retail, as well as crude oil, NGLs, and refined products; operates convenience stores; and distributes motor fuels and other petroleum products. The company provides natural gas compression services; treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalties, and generates a total of 75 megawatts electrical power. Energy Transfer Equity, L.P. was founded in 2002 and is based in Dallas, Texas.
Industry, Sector and Symbol
Industry Natural gas transmission
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:ETE
CUSIPN/A
Phone214-981-0700
Debt
Debt-to-Equity Ratio1.44
Current Ratio0.91
Quick Ratio0.65
Price-To-Earnings
Trailing P/E Ratio14.16
Forward P/E Ratio9.31
P/E GrowthN/A
Sales & Book Value
Annual Sales$40.52 billion
Price / Sales0.46
Cash Flow$4.6173 per share
Price / Cash3.71
Book Value$27.36 per share
Price / Book0.63
Profitability
EPS (Most Recent Fiscal Year)$1.21
Net Income$915 million
Net Margins2.56%
Return on Equity5.13%
Return on Assets1.67%
Miscellaneous
Employees29,486
Outstanding Shares1,079,150,000
Energy Transfer Equity LP Unit (NYSE:ETE) Frequently Asked Questions
What is Energy Transfer Equity LP Unit's stock symbol?
Energy Transfer Equity LP Unit trades on the New York Stock Exchange (NYSE) under the ticker symbol "ETE."
How often does Energy Transfer Equity LP Unit pay dividends? What is the dividend yield for Energy Transfer Equity LP Unit?
Energy Transfer Equity LP Unit announced a quarterly dividend on Thursday, April 26th. Investors of record on Monday, May 7th will be paid a dividend of $0.305 per share on Monday, May 21st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date of this dividend is Friday, May 4th. View Energy Transfer Equity LP Unit's Dividend History.
When did Energy Transfer Equity LP Unit's stock split? How did Energy Transfer Equity LP Unit's stock split work?
Energy Transfer Equity LP Unit shares split on the morning of Monday, July 27th 2015. The 2-1 split was announced on Friday, May 29th 2015. The newly created shares were distributed to shareholders after the closing bell on Friday, July 24th 2015. An investor that had 100 shares of Energy Transfer Equity LP Unit stock prior to the split would have 200 shares after the split.
How were Energy Transfer Equity LP Unit's earnings last quarter?
Energy Transfer Equity LP Unit (NYSE:ETE) posted its earnings results on Wednesday, May, 9th. The pipeline company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.02. The pipeline company had revenue of $11.88 billion for the quarter, compared to the consensus estimate of $11.94 billion. Energy Transfer Equity LP Unit had a return on equity of 5.13% and a net margin of 2.56%. The firm's revenue for the quarter was up 23.0% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. View Energy Transfer Equity LP Unit's Earnings History.
When is Energy Transfer Equity LP Unit's next earnings date?
What price target have analysts set for ETE?
13 equities research analysts have issued 12 month price targets for Energy Transfer Equity LP Unit's shares. Their predictions range from $17.00 to $23.00. On average, they expect Energy Transfer Equity LP Unit's stock price to reach $20.50 in the next year. View Analyst Ratings for Energy Transfer Equity LP Unit.
Are investors shorting Energy Transfer Equity LP Unit?
Energy Transfer Equity LP Unit saw a decline in short interest in May. As of May 31st, there was short interest totalling 23,637,451 shares, a decline of 14.2% from the May 15th total of 27,556,459 shares. Based on an average daily trading volume, of 4,534,132 shares, the short-interest ratio is currently 5.2 days. Approximately 3.5% of the shares of the company are sold short.
Who are some of Energy Transfer Equity LP Unit's key competitors?
Some companies that are related to Energy Transfer Equity LP Unit include Enterprise Products Partners (EPD), Williams Partners (WPZ), National Grid (NGG), TC PIPELINES LP Common Stock (TRP), Kinder Morgan (KMI), Williams Companies (WMB), Spectra Energy Partners (SEP), Targa Resources (TRGP), Western Gas Equity Partners (WGP), Western Gas Partners (WES), Enable Midstream Partners (ENBL), EQT Holdings Management (EQGP), Antero Midstream Partners (AM), EnLink Midstream Partners (ENLK) and DCP Midstream (DCP).
Who are Energy Transfer Equity LP Unit's key executives?
Energy Transfer Equity LP Unit's management team includes the folowing people:
- Mr. John W. McReynolds, Pres & Director of LE GP, LLC (Age 67)
- Mr. Thomas E. Long, Group Chief Financial Officer & Principal Accounting Officer of LE GP, LLC (Age 61)
- Mr. Marshall S. McCrea III, Group COO , Chief Commercial Officer & Director (Age 59)
- Mr. Thomas P. Mason, Exec. VP & Gen. Counsel of LE GP, LLC (Age 61)
- Mr. Bradford D. Whitehurst, Exec. VP & Head of Tax of LE GP, LLC (Age 43)
Has Energy Transfer Equity LP Unit been receiving favorable news coverage?
News coverage about ETE stock has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Energy Transfer Equity LP Unit earned a coverage optimism score of 0.13 on Accern's scale. They also gave news stories about the pipeline company an impact score of 45.69 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are Energy Transfer Equity LP Unit's major shareholders?
Energy Transfer Equity LP Unit's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (2.96%), Tortoise Capital Advisors L.L.C. (2.96%), OppenheimerFunds Inc. (2.51%), Neuberger Berman Group LLC (2.47%), Atlantic Trust Group LLC (1.61%) and Hsbc Holdings PLC (1.39%). View Institutional Ownership Trends for Energy Transfer Equity LP Unit.
Which institutional investors are selling Energy Transfer Equity LP Unit stock?
ETE stock was sold by a variety of institutional investors in the last quarter, including Obermeyer Wood Investment Counsel Lllp, OZ Management LP, ING Groep NV, Infrastructure Capital Advisors LLC, Brookfield Asset Management Inc., Hsbc Holdings PLC, Whetstone Capital Advisors LLC and SG Americas Securities LLC. View Insider Buying and Selling for Energy Transfer Equity LP Unit.
Which institutional investors are buying Energy Transfer Equity LP Unit stock?
ETE stock was purchased by a variety of institutional investors in the last quarter, including Summit Trail Advisors LLC, Atlantic Trust Group LLC, JPMorgan Chase & Co., Zimmer Partners LP, Tortoise Capital Advisors L.L.C., Tortoise Capital Advisors L.L.C., OppenheimerFunds Inc. and Highland Capital Management LP. View Insider Buying and Selling for Energy Transfer Equity LP Unit.
How do I buy shares of Energy Transfer Equity LP Unit?
Shares of ETE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Energy Transfer Equity LP Unit's stock price today?
One share of ETE stock can currently be purchased for approximately $17.13.
How big of a company is Energy Transfer Equity LP Unit?
Energy Transfer Equity LP Unit has a market capitalization of $18.56 billion and generates $40.52 billion in revenue each year. The pipeline company earns $915 million in net income (profit) each year or $1.21 on an earnings per share basis. Energy Transfer Equity LP Unit employs 29,486 workers across the globe.
How can I contact Energy Transfer Equity LP Unit?
Energy Transfer Equity LP Unit's mailing address is 8111 Westchester Drive Suite 600, DALLAS TX, 75225. The pipeline company can be reached via phone at 214-981-0700 or via email at [email protected]
MarketBeat Community Rating for Energy Transfer Equity LP Unit (ETE)
MarketBeat's community ratings are surveys of what our community members think about Energy Transfer Equity LP Unit and other stocks. Vote "Outperform" if you believe ETE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ETE will underperform the S&P 500 over the long term. You may vote once every thirty days.
