65.0% of analysts surveyed by Reuters rate Energy Transfer Equity (ETE) a “buy,” while the remaining 35.0% rate it a “hold” as of July 18, 2017.
The institutional holdings in Energy Transfer Equity (ETE) increased to 48.7% in 2Q17 compared to 46.8% in the previous quarter.
Energy Transfer Equity (ETE) went past its short-term (50-day) moving average driven by recent gains, which might indicate a bullish sentiment in ETE.
Energy Transfer Partners (ETP) announced a public offering of 54 million common units on August 14. ETE, which owns the IDRs (incentive distribution rights) in ETP, is expected to benefit from the equity offering.
As of August 15, 2017, Encana (ECA) had an implied volatility of ~45.6%.
Year-to-date, Encana’s (ECA) stock has fallen ~19% to $9.53. The stock is trading below its 50-week and 200-week moving averages.
Southern Company (SO) continues to trade below its simple moving averages, which underlines the weakness in the stock.
Kimberly-Clark’s (KMB) 2016 net sales fell 2.0% due to declines in every segment.
Coca-Cola (KO) recorded a fall of 6.0% in its 2016 net operating revenues due to a decline in its Third Party and Intersegment segments.
Genuine Parts (GPC) recorded a marginal growth in its 2016 net sales, driven by its Automotive and Office Products segments.
Consolidated Edison’s (ED) 2016 operating revenues fell 4.0% due to a decline in every segment; namely, electric, gas, steam, and non-utility.
Emersion Electric’s (EMR) 2016 net sales fell 11.0% due to a fall in every segment.
AbbVie (ABBV) recorded a 12.0% rise in net revenue for 2016, mainly driven by Humira and Imbruvica.
ExxonMobil’s (XOM) story is similar to Chevron’s. The company’s sales and other operating revenue for 2016 fell 16.0%.
Chevron’s (CVX) total sales and other operating revenues for 2016 fell 15.0% due to volatility in commodity prices.
Target’s (TGT) sales for 2016 fell 6.0% due to lower comparable store sales and weak store traffic.
AT&T (T) has managed to record growth in its 2016 revenues, mainly driven by its Entertainment Group and International segments.
The S&P 500 Dividend Aristocrat Index is made up of 51 S&P 500 (SPY) (SPX-INDEX) companies that have increased their dividends for 25 successive years.
Dentsply Sirona (XRAY) closed at $55.30 on August 11, 2017. The company was trading at its 52-week low of $54.50 on the day.
In this part of the series, we’ll try to determine if Energy Transfer Partners (ETP) can gain upward momentum following its strong 2Q17 earnings.