Wealthstreet Investment Advisors LLC purchased a new stake in Energy Transfer Equity LP (NYSE:ETE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 73,066 shares of the pipeline company’s stock, valued at approximately $1,261,000.
Other institutional investors have also recently bought and sold shares of the company. ING Groep NV acquired a new position in Energy Transfer Equity in the third quarter valued at about $189,859,000. Harvest Fund Advisors LLC lifted its stake in Energy Transfer Equity by 9.4% in the third quarter. Harvest Fund Advisors LLC now owns 45,684,871 shares of the pipeline company’s stock valued at $794,003,000 after buying an additional 3,914,284 shares during the period. JPMorgan Chase & Co. lifted its stake in Energy Transfer Equity by 241.1% in the third quarter. JPMorgan Chase & Co. now owns 4,626,626 shares of the pipeline company’s stock valued at $80,549,000 after buying an additional 3,270,434 shares during the period. Delphi Financial Group Inc. acquired a new position in Energy Transfer Equity in the fourth quarter valued at about $25,892,000. Finally, Atlantic Trust Group LLC lifted its stake in Energy Transfer Equity by 8.7% in the third quarter. Atlantic Trust Group LLC now owns 13,290,034 shares of the pipeline company’s stock valued at $230,980,000 after buying an additional 1,060,430 shares during the period. Institutional investors and hedge funds own 50.54% of the company’s stock.
Several research firms have weighed in on ETE. Zacks Investment Research raised Energy Transfer Equity from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. Jefferies Group reissued a “buy” rating and issued a $20.00 target price on shares of Energy Transfer Equity in a research note on Monday, October 16th. Bank of America began coverage on Energy Transfer Equity in a research note on Tuesday, January 9th. They issued a “neutral” rating on the stock. Credit Suisse Group began coverage on Energy Transfer Equity in a research note on Thursday, January 4th. They issued an “outperform” rating and a $23.00 target price on the stock. Finally, Mizuho reissued a “buy” rating and issued a $21.00 target price on shares of Energy Transfer Equity in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $21.70.
Shares of Energy Transfer Equity LP (NYSE ETE) opened at $17.04 on Tuesday. The company has a market capitalization of $17,936.06, a PE ratio of 20.78 and a beta of 1.79. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 1.69. Energy Transfer Equity LP has a 1 year low of $15.03 and a 1 year high of $19.85.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Thursday, February 8th will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 7.16%. This is a positive change from Energy Transfer Equity’s previous quarterly dividend of $0.30. Energy Transfer Equity’s dividend payout ratio (DPR) is currently 148.78%.
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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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