Equity Research Institute has initiated coverage on the following equities: Energy Transfer Equity L.P., Spectra Energy Corporation, Williams Partners L.P., Targa Resources Corporation, and Enbridge Energy Partners L.P.
On 31 July 2015, the NASDAQ composite ended at 5128.28, down 0.01%. The Dow Jones Industrial Average edged 0.32% lower, to finish the day at 17 689.86, and the S&P 500 closed at 2103.84, down 0.23%. The gains were broad based, as five out of nine sectors ended the session in positive.
Energy Transfer Equity L.P
Energy Transferº£½Ç³Ô¹ÏÍø™s stock edged 0.27% higher, to close the session at US$30.08. The stock recorded a trading volume of 4.85 million shares º£½Ç³Ô¹ÏÍø“ above its three months average volume of 4.45 million. Over the last four months, Energy Transfer's shares have declined 4.63% and 11.10%, respectively. However, the stock has gained 6.43% since the start of this year. The company is trading 8.03% and 1.64% below its 50-day and 200-day moving averages, respectively. Furthermore, Energy Transfer's stock was traded at a PE ratio of 42.97 and has a Relative Strength Index (RSI) of 41.01.
Spectra Energy Corporation
Spectra's stock finished the session at 0.33% lower, at US$30.26. A total of 3.82 million shares were traded, which was below its three months average volume of 4.01 million. Over the last four months, Spectra's shares have lost 4.99% and 18.45%, respectively. Additionally, the stock has declined 14.94% since the beginning of 2015. The company's shares are trading below their 50-day and 200-day moving averages by 7.11% and 13.52%. Spectra's stock had been traded at a PE ratio of 21.93, and has an RSI of 40.74.
Williams Partners L.P
On 31 July, shares in Williams ended the session 2.41% lower at US$46.13. The stock reported a trading volume of 2.28 million shares, below its three months average volume of 2.96 million. Shares of the company traded at a PE ratio of 75.62. Williamsº£½Ç³Ô¹ÏÍø™ shares have declined by 3.39% in the last month, 8.05% in the previous three months, and 8.07% on YTD basis. The stock is trading 9.14% below its 50-day moving average and 10.03% below its 200-day moving average. Moreover, the shares of Williams have an RSI of 39.84.
Targa Resources Corporation
Targa's stock lost 1.36%, to close the day at US$88.45. The stock recorded a trading volume of 0.45 million shares, below its three months average volume of 0.67 million. Over the previous three months (and since the start of this year), Targaº£½Ç³Ô¹ÏÍø™s shares have plummeted by 14.95% and 14.37%. However, the stock has advanced 2.72% in the last month. The company's shares are trading 1.03% below their 50-day moving average. Additionally, Targa traded at a PE ratio of 43.57, and has an RSI of 51.42.
Enbridge Energy Partners L.P
Shares in Enbridge were recorded at a trading volume of 1.14 million shares º£½Ç³Ô¹ÏÍø“ higher than their three months average volume of 0.60 million. The stock ended the day 4.15% lower at US$31.43. Shares of the company traded at a PE ratio of 42.47. Enbridge's stock has lost 5.53% in the last month, 15.24% in the previous three months, and 18.90% on YTD basis. The company is trading below its 50-day and 200-day moving averages by 9.57% and 13.67%. Furthermore, shares of Enbridge have an RSI of 40.66.
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