Stephens Inc. AR trimmed its holdings in Energy Transfer Equity LP (NYSE:ETE) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 673,126 shares of the pipeline company’s stock after selling 7,821 shares during the quarter. Stephens Inc. AR owned about 0.06% of Energy Transfer Equity worth $11,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Energy Transfer Equity by 0.8% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 905,000 shares of the pipeline company’s stock valued at $15,729,000 after purchasing an additional 7,000 shares in the last quarter. Comerica Bank boosted its holdings in shares of Energy Transfer Equity by 0.4% during the 3rd quarter. Comerica Bank now owns 896,689 shares of the pipeline company’s stock valued at $15,862,000 after acquiring an additional 3,844 shares during the last quarter. NTV Asset Management LLC purchased a new stake in shares of Energy Transfer Equity during the 3rd quarter valued at about $209,000. AllSquare Wealth Management LLC purchased a new stake in shares of Energy Transfer Equity during the 3rd quarter valued at about $139,000. Finally, Jennison Associates LLC boosted its holdings in shares of Energy Transfer Equity by 21.8% during the 3rd quarter. Jennison Associates LLC now owns 844,694 shares of the pipeline company’s stock valued at $14,681,000 after acquiring an additional 151,198 shares during the last quarter. Institutional investors own 51.53% of the company’s stock.
A number of equities analysts recently issued reports on ETE shares. BMO Capital Markets set a $19.00 price objective on shares of Energy Transfer Equity and gave the stock a “hold” rating in a report on Friday, August 18th. Sanford C. Bernstein reissued an “outperform” rating on shares of Energy Transfer Equity in a report on Thursday, August 10th. BidaskClub downgraded shares of Energy Transfer Equity from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Jefferies Group lowered their price target on shares of Energy Transfer Equity from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Sunday, September 10th. Finally, Mizuho reaffirmed a “buy” rating and set a $21.00 price target on shares of Energy Transfer Equity in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $21.78.
Shares of Energy Transfer Equity LP (ETE) traded up $0.31 on Monday, reaching $16.73. 10,395,788 shares of the company traded hands, compared to its average volume of 5,316,452. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.36 and a quick ratio of 1.11. The company has a market capitalization of $18,050.00, a PE ratio of 19.55 and a beta of 1.87. Energy Transfer Equity LP has a 12 month low of $15.03 and a 12 month high of $20.05.
Energy Transfer Equity (NYSE:ETE) last posted its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.12). The firm had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $16.25 billion. Energy Transfer Equity had a return on equity of 3.84% and a net margin of 2.29%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share. analysts anticipate that Energy Transfer Equity LP will post 0.99 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were paid a dividend of $0.295 per share. This is a positive change from Energy Transfer Equity’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date was Monday, November 6th. Energy Transfer Equity’s payout ratio is currently 113.46%.
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Energy Transfer Equity Company Profile
Energy Transfer Equity, L.P. (ETE) owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services. The Company’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.
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