Miller Investment Management LP Has $383,000 Position in Energy Transfer Equity LP (ETE)

Miller Investment Management LP reduced its position in shares of Energy Transfer Equity LP (NYSE:ETE) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,205 shares of the pipeline company’s stock after selling 22,205 shares during the period. Miller Investment Management LP’s holdings in Energy Transfer Equity were worth $383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harvest Fund Advisors LLC grew its position in Energy Transfer Equity by 9.4% during the third quarter. Harvest Fund Advisors LLC now owns 45,684,871 shares of the pipeline company’s stock worth $794,003,000 after buying an additional 3,914,284 shares during the period. Chickasaw Capital Management LLC grew its position in Energy Transfer Equity by 1.9% during the fourth quarter. Chickasaw Capital Management LLC now owns 22,407,074 shares of the pipeline company’s stock worth $386,746,000 after buying an additional 410,501 shares during the period. Atlantic Trust Group LLC grew its position in Energy Transfer Equity by 8.7% during the third quarter. Atlantic Trust Group LLC now owns 13,290,034 shares of the pipeline company’s stock worth $230,980,000 after buying an additional 1,060,430 shares during the period. ING Groep NV acquired a new position in Energy Transfer Equity during the third quarter worth about $189,859,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Energy Transfer Equity by 4.1% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,597,720 shares of the pipeline company’s stock worth $184,188,000 after buying an additional 416,462 shares during the period. 50.54% of the stock is owned by hedge funds and other institutional investors.

ETE has been the topic of several recent analyst reports. Mizuho restated a “buy” rating and set a $21.00 target price on shares of Energy Transfer Equity in a research report on Friday, October 20th. Zacks Investment Research lowered shares of Energy Transfer Equity from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Robert W. Baird restated a “buy” rating and set a $24.00 target price on shares of Energy Transfer Equity in a research report on Friday, October 27th. Goldman Sachs Group upgraded shares of Energy Transfer Equity from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, October 17th. Finally, Credit Suisse Group initiated coverage on shares of Energy Transfer Equity in a research report on Thursday, January 4th. They set an “outperform” rating and a $23.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $21.70.

Shares of Energy Transfer Equity LP (NYSE ETE) opened at $17.34 on Wednesday. The company has a market cap of $18,389.31, a P/E ratio of 20.29 and a beta of 1.79. Energy Transfer Equity LP has a 1 year low of $15.03 and a 1 year high of $19.85. 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 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 $0.305 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This is a positive change from Energy Transfer Equity’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 7.04%. Energy Transfer Equity’s dividend payout ratio 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.

Institutional Ownership by Quarter for Energy Transfer Equity (NYSE:ETE)

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