Energy Transfer Equity LP
ETE:NYSE
| Last | Change / % Change | Dividend Yield | Volume |
| 36.38 | -1.32 -3.50% | 6.63% | 638,688 |
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Latest News Headlines for Energy Transfer Equity LP
Energy Transfer Equity Earnings Hindsight: Down 7.4% in Last 17 Days (ETE)
When Energy Transfer Equity (NYSE:ETE) reported earnings two weeks ago on August 3rd, 2011, analysts, on average, expected the company to report earnings of $0.38 on sales of $2.0 billion. Energy Transfer Equity actually reported earnings of $0.19 per share on sales of $2.0 billion, missing EPS estimates by $0.19 and beating revenue estimates by $19.9 million. Since the company's report, shares of Energy Transfer Equity have fallen from $40.70 to $37.70, representing a loss of 7.4% in the past 17 days.
Energy Transfer (ETE) Could Fall Through $39.30 Support Level
Energy Transfer (NYSE:ETE) closed Wednesday's choppy trading session at $40.06. In the past year, the stock has hit a 52-week low of $33.21 and 52-week high of $47.34. Energy Transfer (ETE) stock has been showing support around $39.30 and resistance in the $40.60 range. Technical indicators for the stock are Bearish. For a hedged play on Energy Transfer (ETE), look at the Oct '11 $40.00 covered call for a net debit in the $38.31 area. That is also the break-even stock price for this trade. This covered call has a duration of 65 days, provides 4.37% downside protection and an assigned return rate of 4.41% for an annualized return rate of 24.77% (for comparison purposes only). Energy Transfer (ETE) has a current annual dividend yield of 6.36%.
Williams Reiterates Value of Southern Union Offer
View more recent headlinesWilliams (WMB) is reaffirming its interest in acquiring Southern Union (SUG) for what it says is a better deal that Energy Transfer Equity (ETE) has offered.
Williams offered $44 per share in cash for the company, which it notes is a 4% premium over the closing price yesterday.
Company Background
Energy Transfer Equity, L.P. (ETE) is a limited partnership company. The Company has two segments: Investment in ETP and Investment in Regency. ETP injects and holds natural gas in its Bammel storage facility. Regency is a net seller of NGLs, condensate and natural gas as a result of its gathering and processing operations. During year ended December, 31, 2010, ETP completed construction of Fayetteville Express pipeline. The Fayetteville Express pipeline is an approximately 185-mile natural gas pipeline that originates in Conway County, Arkansas, continues eastward through White County, Arkansas and terminates at an interconnect with Trunkline Gas Company in Panola County, Mississippi. ETP completed construction of its Tiger pipeline. In September 2010, Regency acquired Zephyr Gas Services, LLC.
Bid/Size -- / -- | Ask/Size -- / -- |
Price Open 38.20 | Previous Close 37.70 |
Day High 38.70 | Day Low 36.14 |
52wk High/Date 47.34 / 6/21/2011 | 52wk Low/Date 33.21 / 8/8/2011 |
Beta 0.6 | Market Capitalization 8.1B |
Shares Outstanding 223.0M | Volatility Avg 24.22 |
Avg Vol(10 day) 850.8K | P/E Ratio 37.6x |
EPS(TTM) 0.97 | Yield 6.63% |
Dividend Announcement 6/30/2011 | Ex-Date 8/3/2011 |
Payable 0.625 - QRTR | Payable Date 8/19/2011 |
Date of Record 8/5/2011 | |
Last Trade as of 8/22/2011 4:00 PM ET | |
ETE Energy Transfer Equity LP vs. Peers
| Peers | |
|---|---|
ETE Energy Transfer Equity LP | -3.51% |
Crosstex Energy, L.P. | 6.25% |
Atmos Energy Corporation | 1.76% |
ETE Energy Transfer Equity LP | 6.87% |
Crosstex Energy, L.P. | 8.10% |
Atmos Energy Corporation | 4.28% |
ETE Energy Transfer Equity LP | -3.50% |
Crosstex Energy, L.P. | -4.64% |
Atmos Energy Corporation | -0.79% |