Energy Transfer Equity L.P. is a publicly traded partnership that owns the general partner of Energy Transfer Partners L.P. and approximately 52.5M Energy Transfer Partners limited-partner units. It also owns the general partner of Regency Energy Partners L.P. and approximately 26.3M Regency limited-partner units and is the parent of Southern Union Company. In total, the Energy Transfer Equity family of companies owns approximately 45,000 miles of natural gas and natural gas liquids pipelines.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Dividend Monk, Seeking Alpha
"I currently view Energy Transfer Equity L.P. as an investment that remains an appealing purchase in this rather highly valued market. . .the partnership is in a position to produce higher total returns as this investment consolidates and as the incentive distribution rights come back into focus."
Stephen Maresca, Morgan Stanley
"Energy Transfer Partners L.P. and Energy Transfer Equity L.P. take another step forward in reconfiguring their structure. With visibility into increasing IDRs in 2014–16, we are raising our target on Energy Transfer Equity (remain Overweight rated) to $66 (from $56)."
Michael Blum, Wells Fargo Securities
"Regency Energy Partners L.P. announced plans to acquire Southern Union Gathering Services from Energy Transfer Equities L.P. and Energy Transfer Partners L.P. for $1.5B. Overall, we view the transaction as a long-term positive. . .the assets are being sold at an attractive multiple and the transaction puts the Energy Transfer enterprise one step closer to its goal of simplifying its corporate structure."
Jeffrey Birnbaum, UBS Securities
"We are increasing our distribution estimates for Energy Transfer Equity L.P. and increasing our price target from $46 to $56. . .the partnership should be able to move more of Holdco ownership (currently 60% ETE, 40% Energy Transfer Partners L.P. [ETP]) to ETP and once again be treated as more of a pure play general partner master limited partnership. In our view, this could help Energy Transfer Equity achieve a richer valuation."
John Cusick, Wunderlich Securities
"We estimate distribution growth of 5.2% this year and 6.1% next year for Energy Transfer Equity L.P. Combining the company's current yield of 5% with our 2013 distribution growth estimate results in a total potential return of 10.2%."
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