Analyst ratings for Energy Transfer Equity
Energy Transfer Equity (ETE) has “buy” ratings from 63.0% of analysts surveyed by Reuters, while the remaining 37.0% rate it as a “hold” as of July 10, 2017. ETE peers Plains All GP Holdings (PAGP) and Western Gas Equity Partners (WGP) have “hold” ratings from 54.2% and 64.7% of analysts, respectively, while 56.3% of analysts rate EQT GP Holdings (EQGP) a “buy.” ETE’s MLP subsidiary, Energy Transfer Partners (ETP), has “buy” ratings from 86.4% of analysts.
ETE has seen three rating upgrades and one rating downgrade since the beginning of 2017. Most recently, Bernstein upgraded Energy Transfer Equity to “buy.” ETE’s average target price of $21.26 implies a 19.1% price return from its July 10, 2017, closing price of $17.85.
For more coverage on midstream companies, check out Market Realist’s Master Limited Partnerships page.