Stock is up at $16.43 (ETE) Energy Transfer Files Federal Lawsuit…


Energy Transfer Equity, L.P. En (NYSE:ETE):

Energy Transfer Files Federal Lawsuit Against Greenpeace International, Greenpeace Inc., Greenpeace Fund, Inc., BankTrack And Earth First! For Violation Of Federal And State Racketeering Statutes.

In the market the company is trading up by 1.17 percent from yesterday’s close.

Additionally Energy Transfer Equity, L.P. En announced a dividend paid on Monday August 21st, 2017. The dividend payment was $0.285 per share for the quarter or $1.14 on an annualized basis. This dividend amount represented a yeild of $6.84. The ex-dividend date was Thursday the 3rd of August 2017.

Energy Transfer Equity, L.P. (ETE), launched on August 23, 2005, owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services. The Business’s segments include Investment in ETP, including the consolidated operations of ETP; Investment in Sunoco LP, including the consolidated operations of Sunoco LP; Investment in Lake Charles LNG, including the operations of Lake Charles LNG, and Corporate and Other. The Business’s subsidiaries include ETP, Energy Transfer Partners GP, L.P. (ETP GP), Energy Transfer Partners, L.L.C. (ETP LLC), ETE Common Holdings, LLC, Panhandle Eastern Pipe Line Company, LP and its subsidiaries (Panhandle), Sunoco Logistics Partners L.P. (Sunoco Logistics), Sunoco LP, Lake Charles LNG Company, LLC (Lake Charles LNG) and ETP Holdco Corporation (ETP Holdco)..

Company chares are trading at $16.43 a tad below the 50 day moving average of $17.57 and just below the 200 day moving average of $18.07. The 50 day moving average was down by -6.82% and the 200 day average went down by -9.40%.

The P/E ratio is 20.64 and market capitalization is 17.67B. In the last earnings report the EPS was $0.79 and is estimated to be $1.25 for the current year with 1,079,185,000 shares presently outstanding. Next quarter’s EPS is expected be $0.41 with next year’s EPS anticipated to be $2.27.

Analysts have provided guidance on the stock recently. On July 13 analysts at Stifel Nicolaus started covering ETE with a rating of “Buy”.