Energy Transfer Equity L.P. (NYSE:ETE) has climbed 0.39% in the past week and advanced 1.64% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.59% and the outperformance has advanced to 0.72% for the last 4 weeks period.
Energy Transfer Equity L.P. (NYSE:ETE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.07 and $12.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.99, notching a gain of 0.23% for the day. The total traded volume was 11,600,435 . The stock had closed at $12.96 on the previous day.
The company shares have dropped -60.07% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $34.60 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $12.79 and the 200 Day Moving Average price is recorded at $10.30.
On the companys insider trading activities, Mcreynolds John W, director officer (President) of Energy Transfer Equity, L.P., executed a transaction worth $1,366,525 on December 4, 2015. A total of 84,667 shares were purchased at an average price of $16.14. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Brokerage firm Jefferies maintains its rating on Energy Transfer Equity L.P. (NYSE:ETE). As per the latest information, the brokerage house raises the price target to $17 per share from a prior target of $15. The shares have been rated Buy. The rating by the firm was issued on June 8, 2016. Currently the company Insiders own 3.28% of Energy Transfer Equity L.P. shares according to the proxy statements. Institutional Investors own 45.15% of Energy Transfer Equity L.P. shares.
Energy Transfer Equity, L.P. (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 Companys 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.