Energy Transfer Equity, L.P. (NYSE:ETE) Updates On Quarterly Dividend


As per Energy Transfer Equity, L.P. (NYSE:ETE) statement on 2016-07-28, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.285 per share as dividend to stakeholders. The record date is set as 2016-08-08, the payout date as 2016-08-19 and the ex-dividend date is 2016-08-04.

Last fiscal Energy Transfer Equity, L.P. (NYSE:ETE) disbursed cash dividend of $0.285. A year ago, the payout was $0.285, which indicates a difference of 36%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.285, implying 13.5642% growth.

For the period ended on 2015-12-31, Energy Transfer Equity, L.P. (NYSE:ETE)’s earnings came at $0.23 per share compared to EPS of $0.28 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-11-02. For this quarter, the analysts have earnings estimate of $0.27 per share.

The interim price target for Energy Transfer Equity, L.P. (NYSE:ETE) is set at $18.375. This level is the mean price reached by averaging the stock views of 8 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Energy Transfer Equity, L.P. (NYSE:ETE) is seen at $29 and the lowest level is established at $7. This broad range highlights a standard deviation of $6.209 in reported estimates.

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